BidaskClub lowered shares of Scripps Networks Interactive, Inc (NASDAQ:SNI) from a sell rating to a strong sell rating in a research report report published on Friday morning.

A number of other research firms have also recently weighed in on SNI. UBS AG reiterated a neutral rating and set a $90.00 price target (up from $83.00) on shares of Scripps Networks Interactive in a report on Tuesday, August 1st. Argus cut Scripps Networks Interactive from a buy rating to a hold rating in a report on Tuesday, August 1st. Citigroup Inc. upgraded Scripps Networks Interactive from a sell rating to a neutral rating and increased their price target for the stock from $66.00 to $90.00 in a report on Tuesday, August 1st. Moffett Nathanson upgraded Scripps Networks Interactive from a sell rating to a neutral rating and increased their price target for the stock from $61.00 to $87.00 in a report on Monday, July 31st. Finally, Needham & Company LLC cut Scripps Networks Interactive from a buy rating to a hold rating in a report on Monday, July 31st. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $84.21.

Shares of Scripps Networks Interactive (NASDAQ SNI) opened at 83.82 on Friday. Scripps Networks Interactive has a 52-week low of $60.90 and a 52-week high of $88.45. The company has a market capitalization of $10.88 billion, a P/E ratio of 17.30 and a beta of 1.47. The stock’s 50 day moving average price is $85.60 and its 200 day moving average price is $77.05.

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In other Scripps Networks Interactive news, Director Jeffrey Sagansky sold 1,159 shares of the stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $87.83, for a total value of $101,794.97. Following the sale, the director now 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 currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Scripps Networks Interactive by 6.7% in the 2nd quarter. Vanguard Group Inc. now owns 8,688,173 shares of the company’s stock valued at $593,489,000 after purchasing an additional 542,575 shares in the last quarter. BlackRock Inc. raised its position in Scripps Networks Interactive by 18.3% in the 2nd quarter. BlackRock Inc. now owns 8,455,399 shares of the company’s stock valued at $577,591,000 after purchasing an additional 1,308,844 shares in the last quarter. State Street Corp raised its position in Scripps Networks Interactive by 0.5% in the 2nd quarter. State Street Corp now owns 3,749,940 shares of the company’s stock valued at $256,149,000 after purchasing an additional 16,947 shares in the last quarter. FMR LLC raised its position in Scripps Networks Interactive by 24.6% in the 2nd 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. Finally, Pioneer Investment Management Inc. raised its position in Scripps Networks Interactive by 20.9% in the 2nd quarter. Pioneer Investment Management Inc. now owns 2,288,068 shares of the company’s stock valued at $156,298,000 after purchasing an additional 396,253 shares in the last quarter. 75.84% of the stock is currently 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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