Scripps Networks Interactive, Inc (SNI) Shares Bought by Employees Retirement System of Texas

Employees Retirement System of Texas grew its stake in Scripps Networks Interactive, Inc (NASDAQ:SNI) by 100.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,000 shares of the company’s stock after purchasing an additional 7,000 shares during the quarter. Employees Retirement System of Texas’ holdings in Scripps Networks Interactive were worth $956,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Bronfman E.L. Rothschild L.P. boosted its position in Scripps Networks Interactive by 1.1% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,954 shares of the company’s stock worth $202,000 after acquiring an additional 32 shares during the last quarter. CIBC Asset Management Inc boosted its position in Scripps Networks Interactive by 0.3% during the second quarter. CIBC Asset Management Inc now owns 12,484 shares of the company’s stock worth $853,000 after acquiring an additional 35 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Scripps Networks Interactive by 0.6% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,125 shares of the company’s stock worth $487,000 after acquiring an additional 39 shares during the last quarter. ING Groep NV boosted its position in Scripps Networks Interactive by 0.8% during the second quarter. ING Groep NV now owns 5,276 shares of the company’s stock worth $360,000 after acquiring an additional 43 shares during the last quarter. Finally, Empirical Finance LLC boosted its position in Scripps Networks Interactive by 0.4% during the second quarter. Empirical Finance LLC now owns 15,224 shares of the company’s stock worth $1,040,000 after acquiring an additional 56 shares during the last quarter. Institutional investors and hedge funds own 75.82% of the company’s stock.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Scripps Networks Interactive from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. Needham & Company LLC lowered shares of Scripps Networks Interactive from a “buy” rating to a “hold” rating 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 boosted their price target for the stock from $66.00 to $90.00 in a research report on Tuesday, August 1st. UBS AG restated 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. Finally, Moffett Nathanson upgraded shares of Scripps Networks Interactive from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $61.00 to $87.00 in a research report on Monday, July 31st. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have given a buy rating to the company. Scripps Networks Interactive has an average rating of “Hold” and an average target price of $84.21.

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Scripps Networks Interactive, Inc (NASDAQ:SNI) opened at 83.37 on Tuesday. The firm’s 50-day moving average is $85.60 and its 200-day moving average is $77.05. Scripps Networks Interactive, Inc has a 52 week low of $60.90 and a 52 week high of $88.45. The stock has a market capitalization of $10.82 billion, a P/E ratio of 17.20 and a beta of 1.47.

In other Scripps Networks Interactive 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 transaction of $101,794.97. Following the sale, the director now directly owns 9,457 shares of the company’s stock, valued at approximately $830,608.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.50% of the stock is owned by company 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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