Wheatland Advisors Inc. continued to hold its position in shares of Scripps Networks Interactive, Inc (NASDAQ:SNI) during the second quarter, Holdings Channel reports. The firm owned 7,000 shares of the company’s stock at the end of the second quarter. Wheatland Advisors Inc.’s holdings in Scripps Networks Interactive were worth $478,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. James Investment Research Inc. purchased a new position in shares of Scripps Networks Interactive during the first quarter worth about $147,000. Mascoma Wealth Management LLC purchased a new position in shares of Scripps Networks Interactive during the second quarter worth about $130,000. SRS Capital Advisors Inc. raised 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 during the last quarter. Mn Services Vermogensbeheer B.V. raised 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 during the last quarter. Finally, Assetmark Inc. raised its position 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 and hedge funds.

Shares of Scripps Networks Interactive, Inc (SNI) opened at 87.26 on Thursday. The company has a market capitalization of $11.32 billion, a price-to-earnings ratio of 19.50 and a beta of 1.49. The stock’s 50 day moving average price is $75.43 and its 200 day moving average price is $74.50. Scripps Networks Interactive, Inc has a 1-year low of $59.32 and a 1-year high of $88.45.

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A number of brokerages have issued reports on SNI. Citigroup Inc. raised Scripps Networks Interactive from a “sell” rating to a “neutral” rating and increased their price target for the company from $66.00 to $90.00 in a research note on Tuesday, August 1st. UBS AG reaffirmed a “neutral” rating and set a $90.00 price target (up from $83.00) on shares of Scripps Networks Interactive in a research note on Tuesday, August 1st. Argus lowered Scripps Networks Interactive from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. MKM Partners reaffirmed a “neutral” rating and set a $73.00 price target (down from $84.00) on shares of Scripps Networks Interactive in a research note on Friday, July 21st. Finally, Moffett Nathanson raised Scripps Networks Interactive from a “sell” rating to a “neutral” rating and increased their price target for the company from $61.00 to $87.00 in a research note on Monday, July 31st. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $82.47.

In other Scripps Networks Interactive news, major shareholder Edward W. Scripps sold 300,000 shares of Scripps Networks Interactive stock in a transaction 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 completion of the sale, the insider now owns 232,071 shares of the company’s stock, valued at approximately $15,539,474.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.50% of the stock is currently owned by insiders.

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.

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

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