Rothschild Asset Management Inc. raised its stake in Scripps Networks Interactive, Inc (NASDAQ:SNI) by 24.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,458 shares of the company’s stock after buying an additional 2,025 shares during the period. Rothschild Asset Management Inc.’s holdings in Scripps Networks Interactive were worth $714,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in SNI. BlackRock Inc. increased its position in shares of Scripps Networks Interactive by 4,188.7% in the first quarter. BlackRock Inc. now owns 7,146,555 shares of the company’s stock valued at $560,078,000 after buying an additional 6,979,918 shares during the period. Smead Capital Management Inc. increased its position in shares of Scripps Networks Interactive by 199.0% in the second quarter. Smead Capital Management Inc. now owns 910,817 shares of the company’s stock valued at $62,218,000 after buying an additional 606,218 shares during the period. Ardevora Asset Management LLP acquired a new position in shares of Scripps Networks Interactive during the second quarter valued at $36,286,000. WINTON GROUP Ltd increased its position in shares of Scripps Networks Interactive by 114.5% in the first quarter. WINTON GROUP Ltd now owns 670,023 shares of the company’s stock valued at $42,540,000 after buying an additional 357,704 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of Scripps Networks Interactive by 40.5% in the first quarter. Bank of New York Mellon Corp now owns 1,166,026 shares of the company’s stock valued at $91,381,000 after buying an additional 335,940 shares during the period. Hedge funds and other institutional investors own 70.48% of the company’s stock.

Scripps Networks Interactive, Inc (SNI) opened at 86.83 on Friday. Scripps Networks Interactive, Inc has a one year low of $59.32 and a one year high of $88.45. The firm has a market cap of $11.27 billion, a PE ratio of 17.92 and a beta of 1.49. The stock has a 50 day moving average price of $76.01 and a 200 day moving average price of $74.59.

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SNI has been the topic of several research analyst reports. Zacks Investment Research downgraded Scripps Networks Interactive from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. Wells Fargo & Company began coverage on Scripps Networks Interactive in a research report on Thursday, July 20th. They set a “market perform” rating and a $82.00 price target for the company. Moffett Nathanson reaffirmed a “sell” rating on shares of Scripps Networks Interactive in a research report on Friday, June 9th. J P Morgan Chase & Co raised Scripps Networks Interactive to a “neutral” rating and set a $83.00 price target for the company in a research report on Monday, May 15th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $76.00 price target 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 issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $83.50.

In related news, major shareholder Edward W. Scripps sold 300,000 shares of the firm’s 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 transaction, the insider now owns 232,071 shares of the company’s stock, valued at $15,539,474.16. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Jeffrey Sagansky sold 1,159 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $87.83, for a total value of $101,794.97. Following the transaction, the director now directly owns 9,457 shares in the company, valued at approximately $830,608.31. The disclosure for this sale can be found here. Company 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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