ARP Americas LLC acquired a new stake in shares of Scripps Networks Interactive, Inc (NASDAQ:SNI) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,210 shares of the company’s stock, valued at approximately $219,000.

Other institutional investors have also recently bought and sold shares of the company. UBS Asset Management Americas Inc. increased its position in 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 increased its position in 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. Kentucky Retirement Systems purchased a new position in Scripps Networks Interactive during the fourth quarter valued at approximately $493,000. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in Scripps Networks Interactive during the fourth quarter valued at approximately $220,000. Finally, Macquarie Group Ltd. increased its position in 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. Institutional investors and hedge funds own 70.48% of the company’s stock.

Scripps Networks Interactive, Inc (NASDAQ SNI) opened at 87.80 on Wednesday. The stock has a 50 day moving average of $73.67 and a 200 day moving average of $74.23. Scripps Networks Interactive, Inc has a 12-month low of $59.32 and a 12-month high of $88.45. The company has a market cap of $11.39 billion, a PE ratio of 19.62 and a beta of 1.49.

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SNI has been the topic of several research analyst reports. Royal Bank Of Canada reiterated a “hold” rating and issued a $87.00 price objective on shares of Scripps Networks Interactive in a research note on Monday, April 24th. Jefferies Group LLC reiterated a “hold” rating and issued a $76.00 price objective on shares of Scripps Networks Interactive in a research note on Friday, April 28th. J P Morgan Chase & Co upgraded Scripps Networks Interactive from an “underweight” rating to a “neutral” rating and set a $83.00 price objective on the stock in a research note on Friday, May 5th. Moffett Nathanson reiterated a “sell” rating on shares of Scripps Networks Interactive in a research note on Friday, June 9th. Finally, Zacks Investment Research downgraded Scripps Networks Interactive from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. One analyst has rated the stock with a sell rating, twelve 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 a consensus price target of $82.47.

In other news, major shareholder Edward W. Scripps sold 300,000 shares of Scripps Networks Interactive stock in a transaction on 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 transaction, the insider now owns 232,071 shares in the company, valued at approximately $15,539,474.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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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