IFP Advisors Inc decreased its stake in Scripps Networks Interactive, Inc (NASDAQ:SNI) by 39.2% during the second quarter, according to its most recent filing with the SEC. The firm owned 9,738 shares of the company’s stock after selling 6,281 shares during the period. IFP Advisors Inc’s holdings in Scripps Networks Interactive were worth $665,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. UBS Asset Management Americas Inc. boosted its position in shares of Scripps Networks Interactive by 16.1% in the fourth quarter. UBS Asset Management Americas Inc. now owns 223,303 shares of the company’s stock valued at $15,938,000 after buying an additional 31,000 shares during the last quarter. Teachers Advisors LLC boosted its position in shares of Scripps Networks Interactive by 6.1% in the fourth quarter. Teachers Advisors LLC now owns 99,167 shares of the company’s stock valued at $7,078,000 after buying an additional 5,702 shares during the last quarter. Macquarie Group Ltd. boosted its position in shares of Scripps Networks Interactive by 14.3% in the fourth quarter. Macquarie Group Ltd. now owns 16,000 shares of the company’s stock valued at $1,142,000 after buying an additional 2,000 shares during the last quarter. Chevy Chase Trust Holdings Inc. boosted its position in shares of Scripps Networks Interactive by 3.5% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 82,354 shares of the company’s stock valued at $6,454,000 after buying an additional 2,753 shares during the last quarter. Finally, Gulf International Bank UK Ltd boosted its position in shares of Scripps Networks Interactive by 1.9% in the first quarter. Gulf International Bank UK Ltd now owns 23,631 shares of the company’s stock valued at $1,851,000 after buying an additional 440 shares during the last quarter. 70.48% of the stock is currently owned by institutional investors and hedge funds.

Shares of Scripps Networks Interactive, Inc (NASDAQ SNI) opened at 86.83 on Friday. The company’s 50-day moving average is $76.01 and its 200 day moving average is $74.59. The firm has a market cap of $11.27 billion, a price-to-earnings ratio of 17.92 and a beta of 1.49. Scripps Networks Interactive, Inc has a 1-year low of $59.32 and a 1-year high of $88.45.

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SNI has been the topic of several research analyst reports. Royal Bank Of Canada reaffirmed a “hold” rating and set a $87.00 price target on shares of Scripps Networks Interactive in a research report on Monday, April 24th. 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, April 28th. J P Morgan Chase & Co raised shares of Scripps Networks Interactive from an “underweight” rating to a “neutral” rating and set a $83.00 price target on the stock in a research report on Friday, May 5th. Moffett Nathanson reaffirmed a “sell” rating on shares of Scripps Networks Interactive in a research report on Friday, June 9th. Finally, Zacks Investment Research cut shares of Scripps Networks Interactive from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company’s stock. Scripps Networks Interactive presently has an average rating of “Hold” and an average target price of $83.50.

In other 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 transaction of $101,794.97. Following the sale, the director now directly owns 9,457 shares in the company, valued at approximately $830,608.31. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Edward W. Scripps sold 300,000 shares of Scripps Networks Interactive stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $66.96, for a total transaction of $20,088,000.00. Following the sale, the insider now owns 232,071 shares in the company, valued at $15,539,474.16. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by insiders.

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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