Gargoyle Investment Advisor L.L.C. held its stake in Scripps Networks Interactive, Inc (NASDAQ:SNI) during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 46,420 shares of the company’s stock at the end of the second quarter. Scripps Networks Interactive comprises about 1.3% of Gargoyle Investment Advisor L.L.C.’s portfolio, making the stock its 20th largest position. Gargoyle Investment Advisor L.L.C.’s holdings in Scripps Networks Interactive were worth $3,171,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. James Investment Research Inc. bought a new stake in Scripps Networks Interactive during the first quarter valued at $147,000. Mascoma Wealth Management LLC acquired a new position in shares of Scripps Networks Interactive during the second quarter worth approximately $130,000. SRS Capital Advisors Inc. boosted its position in shares of Scripps Networks Interactive by 13.3% in the first quarter. SRS Capital Advisors Inc. now owns 2,152 shares of the company’s stock worth $168,000 after buying an additional 252 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its position in shares of Scripps Networks Interactive by 6.8% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 2,175 shares of the company’s stock worth $159,000 after buying an additional 138 shares during the last quarter. Finally, Assetmark Inc. boosted its position in shares of Scripps Networks Interactive by 2.7% in the first quarter. Assetmark Inc. now owns 2,542 shares of the company’s stock worth $199,000 after buying an additional 67 shares during the last quarter. Hedge funds and other institutional investors own 70.48% of the company’s stock.

Shares of Scripps Networks Interactive, Inc (NASDAQ:SNI) opened at 86.66 on Friday. The firm has a 50-day moving average of $76.59 and a 200-day moving average of $74.68. The company 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 one year low of $59.32 and a one year high of $88.45.

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A number of brokerages recently commented on SNI. UBS AG reiterated a “neutral” rating and issued a $90.00 target price (up previously from $83.00) on shares of Scripps Networks Interactive in a research report on Tuesday, August 1st. Needham & Company LLC cut shares of Scripps Networks Interactive from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Moffett Nathanson upgraded shares of Scripps Networks Interactive from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $61.00 to $87.00 in a research report on Monday, July 31st. Citigroup Inc. upgraded shares of Scripps Networks Interactive from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $66.00 to $90.00 in a research report on Tuesday, August 1st. Finally, Argus cut shares of 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 assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock 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 the firm’s 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 sale, the director now directly owns 9,457 shares in the company, valued at approximately $830,608.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Edward W. Scripps sold 300,000 shares of the firm’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 completion of 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 owned by corporate 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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