Candriam Luxembourg S.C.A. purchased a new stake in Scripps Networks Interactive, Inc (NASDAQ:SNI) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 27,842 shares of the company’s stock, valued at approximately $1,902,000.

A number of other large investors also recently made changes to their positions in SNI. Retirement Systems of Alabama increased its stake in shares of Scripps Networks Interactive by 2.3% in the first quarter. Retirement Systems of Alabama now owns 46,178 shares of the company’s stock valued at $3,619,000 after buying an additional 1,028 shares in the last quarter. Huntington National Bank increased its stake in shares of Scripps Networks Interactive by 3.8% in the first quarter. Huntington National Bank now owns 5,164 shares of the company’s stock valued at $405,000 after buying an additional 190 shares in the last quarter. Butensky & Cohen Financial Security Inc. bought a new stake in shares of Scripps Networks Interactive during the first quarter valued at $422,000. Nisa Investment Advisors LLC increased its stake in shares of Scripps Networks Interactive by 4.3% in the first quarter. Nisa Investment Advisors LLC now owns 41,637 shares of the company’s stock valued at $3,263,000 after buying an additional 1,732 shares in the last quarter. Finally, Carderock Capital Management Inc. increased its stake in shares of Scripps Networks Interactive by 17.8% in the first quarter. Carderock Capital Management Inc. now owns 9,211 shares of the company’s stock valued at $722,000 after buying an additional 1,391 shares in the last quarter. 70.48% of the stock is currently owned by institutional investors.

Shares of Scripps Networks Interactive, Inc (SNI) opened at 86.83 on Friday. The firm has a market capitalization of $11.27 billion, a PE ratio of 17.92 and a beta of 1.49. Scripps Networks Interactive, Inc has a 52-week low of $59.32 and a 52-week high of $88.45. The stock’s 50 day moving average price is $76.01 and its 200-day moving average price is $74.59.

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Several brokerages have weighed in on SNI. UBS AG reaffirmed a “neutral” rating and set a $90.00 price target (up from $83.00) on shares of Scripps Networks Interactive in a research report on Tuesday, August 1st. Needham & Company LLC downgraded Scripps Networks Interactive from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Moffett Nathanson raised Scripps Networks Interactive from a “sell” rating to a “neutral” rating and increased their price target for the stock from $61.00 to $87.00 in a research report on Monday, July 31st. Citigroup Inc. raised Scripps Networks Interactive from a “sell” rating to a “neutral” rating and increased their price target for the stock from $66.00 to $90.00 in a research report on Tuesday, August 1st. Finally, Argus downgraded Scripps Networks Interactive from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. One analyst has rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $83.50.

In other Scripps Networks Interactive news, major shareholder Edward W. Scripps sold 300,000 shares of the company’s 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 transaction, the insider now directly owns 232,071 shares in the company, valued at $15,539,474.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jeffrey Sagansky sold 1,159 shares of the company’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $87.83, for a total transaction of $101,794.97. Following the transaction, the director now owns 9,457 shares in the company, valued at $830,608.31. The disclosure for this sale can be found here. Corporate 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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