Shares of Scripps Networks Interactive, Inc (NASDAQ:SNI) have been given a consensus rating of “Hold” by the twenty ratings firms that are covering the stock, MarketBeat reports. Two research 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. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $83.77.

Several equities analysts recently weighed in on SNI shares. Gabelli restated a “buy” rating on shares of Scripps Networks Interactive in a report on Thursday, July 27th. Morgan Stanley increased their price objective on shares of Scripps Networks Interactive from $82.00 to $90.00 and gave the company an “equal weight” rating in a report on Thursday, August 24th. Needham & Company LLC lowered shares of Scripps Networks Interactive from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Argus lowered shares of Scripps Networks Interactive from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, Zacks Investment Research upgraded shares of Scripps Networks Interactive from a “sell” rating to a “hold” rating in a report on Tuesday, July 25th.

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Scripps Networks Interactive (NASDAQ SNI) remained flat at $84.50 on Friday. The company had a trading volume of 571,081 shares. Scripps Networks Interactive has a one year low of $62.03 and a one year high of $88.45. The firm has a 50-day moving average of $85.33 and a 200 day moving average of $77.27. The stock has a market cap of $8.12 billion, a price-to-earnings ratio of 17.46 and a beta of 1.47.

In other news, Director Jeffrey Sagansky sold 1,159 shares of the stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $87.83, for a total transaction of $101,794.97. Following the completion of the sale, the director now owns 9,457 shares of the company’s stock, valued at $830,608.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.50% of the stock is owned by corporate insiders.

Several hedge funds have recently modified their holdings of SNI. BlackRock Inc. grew 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 valued at $560,078,000 after purchasing an additional 6,979,918 shares in the last quarter. Alliancebernstein L.P. grew its position in Scripps Networks Interactive by 1,107.7% in the second quarter. Alliancebernstein L.P. now owns 2,084,212 shares of the company’s stock valued at $142,373,000 after purchasing an additional 1,911,635 shares in the last quarter. Renaissance Technologies LLC grew its position in Scripps Networks Interactive by 312.1% in the second quarter. Renaissance Technologies LLC now owns 1,293,300 shares of the company’s stock valued at $88,345,000 after purchasing an additional 979,500 shares in the last quarter. JPMorgan Chase & Co. grew its position in Scripps Networks Interactive by 319.1% in the second quarter. JPMorgan Chase & Co. now owns 1,224,046 shares of the company’s stock valued at $83,614,000 after purchasing an additional 931,958 shares in the last quarter. Finally, FMR LLC grew its position in Scripps Networks Interactive by 24.6% in the second quarter. FMR LLC now owns 3,371,082 shares of the company’s stock valued at $230,278,000 after purchasing an additional 665,805 shares in the last quarter. 75.82% of the stock is owned by institutional investors.

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)

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