Newman Dignan & Sheerar Inc. purchased a new stake in Scripps Networks Interactive, Inc (NASDAQ:SNI) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 5,800 shares of the company’s stock, valued at approximately $498,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Teachers Advisors LLC lifted its holdings in Scripps Networks Interactive by 86.6% in the 1st quarter. Teachers Advisors LLC now owns 185,011 shares of the company’s stock worth $14,499,000 after purchasing an additional 85,844 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Scripps Networks Interactive by 3.3% in the 1st quarter. Vanguard Group Inc. now owns 8,145,598 shares of the company’s stock worth $638,371,000 after purchasing an additional 260,963 shares during the last quarter. Cambridge Investment Research Advisors Inc. acquired a new stake in Scripps Networks Interactive in the 1st quarter worth approximately $1,076,000. Geode Capital Management LLC lifted its holdings in Scripps Networks Interactive by 23.0% in the 1st quarter. Geode Capital Management LLC now owns 1,188,397 shares of the company’s stock worth $93,034,000 after purchasing an additional 222,149 shares during the last quarter. Finally, Ativo Capital Management LLC acquired a new stake in Scripps Networks Interactive in the 1st quarter worth approximately $1,154,000. 75.82% of the stock is owned by institutional investors and hedge funds.

Shares of Scripps Networks Interactive, Inc (NASDAQ:SNI) remained flat at $84.50 on Friday. 570,950 shares of the stock traded hands. The stock has a market capitalization of $10.97 billion, a price-to-earnings ratio of 17.44 and a beta of 1.47. Scripps Networks Interactive, Inc has a 12-month low of $62.03 and a 12-month high of $88.45. The company’s 50-day moving average price is $85.37 and its 200 day moving average price is $77.22.

In related news, Director Jeffrey Sagansky sold 1,159 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $87.83, for a total value of $101,794.97. Following the completion of the transaction, 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. Insiders own 2.50% of the company’s stock.

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Several equities research analysts recently weighed in on the company. Cowen and Company restated a “hold” rating and issued a $90.00 target price on shares of Scripps Networks Interactive in a report on Friday, September 8th. Morgan Stanley boosted their target price on Scripps Networks Interactive from $82.00 to $90.00 and gave the stock an “equal weight” rating in a report on Thursday, August 24th. Argus lowered Scripps Networks Interactive from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. MKM Partners restated a “neutral” rating and issued a $73.00 target price (down from $84.00) on shares of Scripps Networks Interactive in a report on Friday, July 21st. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $90.00 price target on shares of Scripps Networks Interactive in a report on Wednesday, September 20th. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $84.21.

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.

Institutional Ownership by Quarter for Scripps Networks Interactive (NASDAQ:SNI)

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