Korea Investment CORP cut its position in Scripps Networks Interactive, Inc (NASDAQ:SNI) by 50.9% during the second quarter, Holdings Channel reports. The institutional investor owned 79,300 shares of the company’s stock after selling 82,100 shares during the period. Korea Investment CORP’s holdings in Scripps Networks Interactive were worth $5,417,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of SNI. Vanguard Group Inc. raised its position in Scripps Networks Interactive by 3.3% in the first quarter. Vanguard Group Inc. now owns 8,145,598 shares of the company’s stock worth $638,371,000 after buying an additional 260,963 shares in the last quarter. BlackRock Inc. raised its position in Scripps Networks Interactive by 4,188.7% in the first quarter. BlackRock Inc. now owns 7,146,555 shares of the company’s stock worth $560,078,000 after buying an additional 6,979,918 shares in the last quarter. State Street Corp raised its position in Scripps Networks Interactive by 1.5% in the first quarter. State Street Corp now owns 3,732,993 shares of the company’s stock worth $292,564,000 after buying an additional 53,491 shares in the last quarter. FMR LLC raised its position in Scripps Networks Interactive by 10.1% in the first quarter. FMR LLC now owns 2,705,277 shares of the company’s stock worth $212,012,000 after buying an additional 248,772 shares in the last quarter. Finally, American Century Companies Inc. raised its position in Scripps Networks Interactive by 22.2% in the first quarter. American Century Companies Inc. now owns 1,639,158 shares of the company’s stock worth $128,461,000 after buying an additional 297,358 shares in the last quarter. Hedge funds and other institutional investors own 70.48% of the company’s stock.

Scripps Networks Interactive, Inc (SNI) opened at 86.66 on Friday. The firm has a market cap of $11.25 billion, a price-to-earnings ratio of 17.88 and a beta of 1.49. Scripps Networks Interactive, Inc has a 12 month low of $59.32 and a 12 month high of $88.45. The stock’s 50 day moving average is $76.59 and its 200-day moving average is $74.68.

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A number of research analysts have weighed in on SNI shares. Zacks Investment Research lowered shares of Scripps Networks Interactive from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. Wells Fargo & Company started coverage on shares of Scripps Networks Interactive in a research report on Thursday, July 20th. They set a “market perform” rating and a $82.00 target price for the company. Moffett Nathanson reissued a “sell” rating on shares of Scripps Networks Interactive in a research report on Friday, June 9th. J P Morgan Chase & Co raised shares of Scripps Networks Interactive to a “neutral” rating and set a $83.00 target price for the company in a research report on Monday, May 15th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $76.00 target price on shares of Scripps Networks Interactive in a research report on Friday, May 5th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $83.50.

In other Scripps Networks Interactive news, Director Jeffrey Sagansky sold 1,159 shares of Scripps Networks Interactive stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $87.83, for a total value of $101,794.97. Following the completion of the sale, the director now owns 9,457 shares in the company, valued at approximately $830,608.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Edward W. Scripps sold 300,000 shares of Scripps Networks Interactive stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $66.96, for a total transaction of $20,088,000.00. Following the completion of the sale, the insider now owns 232,071 shares of the company’s stock, valued at approximately $15,539,474.16. The disclosure for this sale can be found here. Insiders own 2.50% of the company’s stock.

Scripps Networks Interactive Company Profile

Scripps Networks Interactive, Inc is a developer of lifestyle-oriented content, providing primarily home, food, travel and other lifestyle-related programing. The Company’s content is distributed through multiple methods, including television, the Internet, digital platforms and licensing arrangements.

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Institutional Ownership by Quarter for Scripps Networks Interactive (NASDAQ:SNI)

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