HL Financial Services LLC decreased its stake in Scripps Networks Interactive, Inc (NASDAQ:SNI) by 1.0% during the second quarter, Holdings Channel reports. The firm owned 8,831 shares of the company’s stock after selling 91 shares during the period. HL Financial Services LLC’s holdings in Scripps Networks Interactive were worth $604,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of SNI. SG Americas Securities LLC raised its stake in shares of Scripps Networks Interactive by 93.9% in the first quarter. SG Americas Securities LLC now owns 40,921 shares of the company’s stock valued at $3,207,000 after buying an additional 19,812 shares during the period. Soros Fund Management LLC purchased a new position in Scripps Networks Interactive during the first quarter worth about $4,945,000. BlackRock Inc. increased its position in Scripps Networks Interactive by 4,188.7% in the first quarter. BlackRock Inc. now owns 7,146,555 shares of the company’s stock worth $560,078,000 after buying an additional 6,979,918 shares in the last quarter. Boston Partners increased its position in Scripps Networks Interactive by 0.5% in the first quarter. Boston Partners now owns 1,006,542 shares of the company’s stock worth $78,883,000 after buying an additional 4,895 shares in the last quarter. Finally, State of Wisconsin Investment Board increased its position in Scripps Networks Interactive by 21.2% in the first quarter. State of Wisconsin Investment Board now owns 54,509 shares of the company’s stock worth $4,272,000 after buying an additional 9,529 shares in the last quarter. 70.48% of the stock is currently owned by institutional investors and hedge funds.

Scripps Networks Interactive, Inc (NASDAQ:SNI) opened at 86.66 on Friday. The stock has a market capitalization of $11.25 billion, a P/E ratio of 17.88 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 firm has a 50 day moving average price of $76.59 and a 200 day moving average price of $74.68.

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SNI has been the topic of a number of research reports. Gabelli restated a “buy” rating on shares of Scripps Networks Interactive in a research note on Thursday, July 27th. Jefferies Group LLC restated a “hold” rating and set a $76.00 price target on shares of Scripps Networks Interactive in a research note on Monday, May 15th. Royal Bank Of Canada restated a “hold” rating and set a $76.00 price target on shares of Scripps Networks Interactive in a research note on Friday, May 5th. Zacks Investment Research upgraded Scripps Networks Interactive from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. Finally, Needham & Company LLC downgraded Scripps Networks Interactive from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. One research 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. Scripps Networks Interactive presently has a consensus rating of “Hold” and a consensus price target of $83.50.

In other news, major shareholder Edward W. Scripps sold 300,000 shares of the stock in a transaction that occurred on 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 sale, the insider now directly owns 232,071 shares in the company, valued at approximately $15,539,474.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jeffrey Sagansky sold 1,159 shares of the stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $87.83, for a total value of $101,794.97. Following the sale, the director now owns 9,457 shares in the company, valued at $830,608.31. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by corporate insiders.

About Scripps Networks Interactive

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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