Scripps Networks Interactive (NASDAQ:SNI) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Thursday.

A number of other analysts have also weighed in on SNI. Cowen restated a “hold” rating and set a $90.00 price objective on shares of Scripps Networks Interactive in a research note on Monday, February 5th. Zacks Investment Research upgraded shares of Scripps Networks Interactive from a “hold” rating to a “buy” rating and set a $99.00 price objective for the company in a research note on Friday, February 2nd. Finally, Royal Bank of Canada set a $90.00 price objective on shares of Scripps Networks Interactive and gave the company a “hold” rating in a research note on Friday, October 20th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $86.57.

Shares of Scripps Networks Interactive (NASDAQ SNI) opened at $87.58 on Thursday. The firm has a market cap of $11,370.00, a PE ratio of 18.79, a price-to-earnings-growth ratio of 3.10 and a beta of 1.40. The company has a debt-to-equity ratio of 0.90, a quick ratio of 3.19 and a current ratio of 3.19. Scripps Networks Interactive has a 12 month low of $64.87 and a 12 month high of $88.87.

In other news, Director Michael R. Costa sold 18,955 shares of the firm’s stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $83.64, for a total transaction of $1,585,396.20. Following the sale, the director now owns 13,035 shares of the company’s stock, valued at approximately $1,090,247.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.50% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in SNI. Dimensional Fund Advisors LP boosted its holdings in shares of Scripps Networks Interactive by 26.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 610,288 shares of the company’s stock valued at $41,690,000 after acquiring an additional 129,039 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Scripps Networks Interactive by 937.6% during the 2nd quarter. Janus Henderson Group PLC now owns 132,345 shares of the company’s stock valued at $9,041,000 after acquiring an additional 119,590 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Scripps Networks Interactive by 4.2% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 3,255 shares of the company’s stock valued at $222,000 after acquiring an additional 130 shares during the last quarter. Nomura Holdings Inc. purchased a new stake in shares of Scripps Networks Interactive during the 2nd quarter valued at about $498,000. Finally, Toronto Dominion Bank boosted its holdings in shares of Scripps Networks Interactive by 26.3% during the 2nd quarter. Toronto Dominion Bank now owns 32,367 shares of the company’s stock valued at $2,211,000 after acquiring an additional 6,746 shares during the last quarter. 61.65% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Scripps Networks Interactive (NASDAQ:SNI)

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