Shares of Scripps Networks Interactive, Inc (NASDAQ:SNI) have been given an average recommendation of “Hold” by the sixteen ratings firms that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, twelve have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $80.25.

Several research analysts have recently issued reports on the stock. MKM Partners restated a “neutral” rating and issued a $73.00 target price (down previously from $84.00) on shares of Scripps Networks Interactive in a report on Friday, July 21st. Argus cut shares of Scripps Networks Interactive from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. J P Morgan Chase & Co upgraded shares of Scripps Networks Interactive from an “underweight” rating to a “neutral” rating and set a $83.00 target price for the company in a report on Friday, May 5th. Needham & Company LLC cut shares of Scripps Networks Interactive from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Finally, Moffett Nathanson upgraded shares of Scripps Networks Interactive from a “sell” rating to a “neutral” rating and upped their target price for the company from $61.00 to $87.00 in a report on Monday, July 31st.

In other news, major shareholder Edward W. Scripps sold 300,000 shares of the firm’s stock in a transaction on Friday, May 26th. The shares were sold at an average price of $66.96, for a total value of $20,088,000.00. Following the completion of the sale, the insider now owns 232,071 shares in the company, valued at approximately $15,539,474.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.50% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in SNI. Contravisory Investment Management Inc. increased its position in shares of Scripps Networks Interactive by 68.5% in the first quarter. Contravisory Investment Management Inc. now owns 1,586 shares of the company’s stock worth $124,000 after buying an additional 645 shares in the last quarter. James Investment Research Inc. bought a new position in shares of Scripps Networks Interactive during the first quarter worth about $147,000. Mascoma Wealth Management LLC bought a new position in shares of Scripps Networks Interactive during the second quarter worth about $130,000. SRS Capital Advisors Inc. increased 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 in the last quarter. Finally, Mn Services Vermogensbeheer B.V. increased 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 in the last quarter. Institutional investors own 70.48% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This news story was originally published by American Banking News and is owned by of American Banking News. If you are viewing this news story on another website, it was illegally stolen and republished in violation of United States & international trademark and copyright law. The legal version of this news story can be viewed at https://www.americanbankingnews.com/2017/08/08/scripps-networks-interactive-inc-sni-given-consensus-recommendation-of-hold-by-analysts.html.

Shares of Scripps Networks Interactive (NASDAQ:SNI) traded up 0.2169% during midday trading on Tuesday, reaching $87.8501. 2,725,392 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $71.91 and its 200 day moving average price is $73.93. The stock has a market capitalization of $11.40 billion, a P/E ratio of 19.6313 and a beta of 1.49. Scripps Networks Interactive has a 1-year low of $59.32 and a 1-year high of $88.45.

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.

Analyst Recommendations for Scripps Networks Interactive (NASDAQ:SNI)

Receive News & Ratings for Scripps Networks Interactive Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Scripps Networks Interactive Inc and related companies with MarketBeat.com's FREE daily email newsletter.