WFG Advisors LP boosted its position in Scripps Networks Interactive, Inc (NASDAQ:SNI) by 28.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,160 shares of the company’s stock after buying an additional 1,151 shares during the quarter. WFG Advisors LP’s holdings in Scripps Networks Interactive were worth $352,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. BlackRock Inc. boosted its holdings in Scripps Networks Interactive by 4,188.7% in the 1st 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 during the period. Alliancebernstein L.P. boosted its holdings in Scripps Networks Interactive by 1,107.7% in the 2nd 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 during the period. Renaissance Technologies LLC boosted its holdings in Scripps Networks Interactive by 312.1% in the 2nd 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 during the period. JPMorgan Chase & Co. boosted its holdings in Scripps Networks Interactive by 319.1% in the 2nd 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 during the period. Finally, FMR LLC boosted its holdings 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 during the period. Institutional investors and hedge funds own 75.82% of the company’s stock.

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SNI has been the subject of a number of research reports. Zacks Investment Research downgraded shares of Scripps Networks Interactive from a “hold” rating to a “sell” rating in a report on Monday, July 17th. Wells Fargo & Company initiated coverage on shares of Scripps Networks Interactive in a report on Thursday, July 20th. They issued a “market perform” rating and a $82.00 price target for the company. Morgan Stanley increased their price target 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. BidaskClub downgraded shares of Scripps Networks Interactive from a “buy” rating to a “hold” rating in a report on Saturday, September 2nd. Finally, Cowen and Company reissued a “hold” rating and issued a $90.00 price target on shares of Scripps Networks Interactive in a report on Friday, September 8th. 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. The company has a consensus rating of “Hold” and a consensus price target of $84.21.

In other Scripps Networks Interactive news, Director Jeffrey Sagansky sold 1,159 shares of the stock in a transaction that occurred 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 approximately $830,608.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.50% of the company’s stock.

Scripps Networks Interactive, Inc (NASDAQ SNI) traded up 0.56% on Wednesday, reaching $83.71. 220,547 shares of the company traded hands. Scripps Networks Interactive, Inc has a one year low of $60.90 and a one year high of $88.45. The stock has a market capitalization of $10.87 billion, a PE ratio of 17.27 and a beta of 1.47. The firm has a 50 day moving average of $85.60 and a 200-day moving average of $77.05.

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.

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

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