Xact Kapitalforvaltning AB raised its stake in shares of Scripps Networks Interactive, Inc (NASDAQ:SNI) by 8.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,798 shares of the company’s stock after buying an additional 2,135 shares during the period. Xact Kapitalforvaltning AB’s holdings in Scripps Networks Interactive were worth $1,967,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. BlackRock Inc. raised 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 worth $560,078,000 after buying an additional 6,979,918 shares during the period. Norges Bank purchased a new position in Scripps Networks Interactive during the fourth quarter worth approximately $48,031,000. WINTON GROUP Ltd raised its position in Scripps Networks Interactive by 114.5% in the first quarter. WINTON GROUP Ltd now owns 670,023 shares of the company’s stock worth $42,540,000 after buying an additional 357,704 shares during the period. Bank of New York Mellon Corp raised its position in Scripps Networks Interactive by 40.5% in the first quarter. Bank of New York Mellon Corp now owns 1,166,026 shares of the company’s stock worth $91,381,000 after buying an additional 335,940 shares during the period. Finally, Renaissance Technologies LLC purchased a new position in Scripps Networks Interactive during the first quarter worth approximately $24,593,000. Institutional investors and hedge funds own 70.48% of the company’s stock.

Scripps Networks Interactive, Inc (SNI) traded up 0.16% during midday trading on Tuesday, hitting $87.80. 4,040,623 shares of the company were exchanged. The firm’s 50-day moving average price is $73.67 and its 200-day moving average price is $74.23. Scripps Networks Interactive, Inc has a one year low of $59.32 and a one year high of $88.45. The stock has a market capitalization of $11.39 billion, a PE ratio of 19.62 and a beta of 1.49.

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A number of research firms have commented on SNI. UBS AG restated a “neutral” rating and issued a $90.00 price target (up from $83.00) on shares of Scripps Networks Interactive in a research report on Tuesday, August 1st. Argus lowered shares of Scripps Networks Interactive from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Citigroup Inc. upgraded shares of Scripps Networks Interactive from a “sell” rating to a “neutral” rating and boosted their price target for the company from $66.00 to $90.00 in a research report on Tuesday, August 1st. 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. Finally, Moffett Nathanson upgraded shares of Scripps Networks Interactive from a “sell” rating to a “neutral” rating and upped their target price for the stock from $61.00 to $87.00 in a research report on Monday, July 31st. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $82.47.

In related news, major shareholder Edward W. Scripps sold 300,000 shares of Scripps Networks Interactive stock in a transaction that occurred on 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 sale, the insider now directly owns 232,071 shares in the company, valued at approximately $15,539,474.16. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 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.

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

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