Scripps Networks Interactive, Inc (NASDAQ:SNI) Stake Reduced by Great West Life Assurance Co. Can

Great West Life Assurance Co. Can decreased its stake in Scripps Networks Interactive, Inc (NASDAQ:SNI) by 14.1% during the second quarter, Holdings Channel reports. The firm owned 164,522 shares of the company’s stock after selling 26,926 shares during the period. Great West Life Assurance Co. Can’s holdings in Scripps Networks Interactive were worth $11,223,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of SNI. James Investment Research Inc. purchased a new stake in shares of Scripps Networks Interactive during the first quarter worth $147,000. Mascoma Wealth Management LLC purchased a new stake in shares of Scripps Networks Interactive during the second quarter worth $130,000. SRS Capital Advisors Inc. boosted its stake 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 stake 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 stake 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. 70.48% of the stock is owned by institutional investors.

Scripps Networks Interactive, Inc (SNI) opened at 87.26 on Thursday. Scripps Networks Interactive, Inc has a 12-month low of $59.32 and a 12-month high of $88.45. The stock has a market capitalization of $11.32 billion, a price-to-earnings ratio of 19.50 and a beta of 1.49. The company has a 50-day moving average price of $75.43 and a 200-day moving average price of $74.50.

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A number of equities research analysts have recently weighed in on SNI shares. Zacks Investment Research cut Scripps Networks Interactive from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. Wells Fargo & Company started coverage on Scripps Networks Interactive in a research note on Thursday, July 20th. They issued a “market perform” rating and a $82.00 price objective for the company. Moffett Nathanson reaffirmed a “sell” rating on shares of Scripps Networks Interactive in a research note on Friday, June 9th. J P Morgan Chase & Co raised Scripps Networks Interactive to a “neutral” rating and set a $83.00 price objective for the company in a research note on Monday, May 15th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $76.00 price objective on shares of Scripps Networks Interactive in a research note on Friday, May 5th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company’s stock. Scripps Networks Interactive has a consensus rating of “Hold” and an average price target of $82.47.

In other news, major shareholder Edward W. Scripps sold 300,000 shares of the 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 owns 232,071 shares of the company’s stock, valued at $15,539,474.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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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