California State Teachers Retirement System Has $10.97 Million Stake in Scripps Networks Interactive, Inc (SNI)

California State Teachers Retirement System reduced its position in shares of Scripps Networks Interactive, Inc (NASDAQ:SNI) by 1.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 160,600 shares of the company’s stock after selling 3,042 shares during the period. California State Teachers Retirement System owned 0.12% of Scripps Networks Interactive worth $10,971,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. YorkBridge Wealth Partners LLC lifted its holdings in Scripps Networks Interactive by 14.2% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,552 shares of the company’s stock worth $106,000 after buying an additional 193 shares during the period. Mascoma Wealth Management LLC purchased a new stake in Scripps Networks Interactive in the second quarter worth about $130,000. Federated Investors Inc. PA lifted its holdings in Scripps Networks Interactive by 48.4% in the second quarter. Federated Investors Inc. PA now owns 2,378 shares of the company’s stock worth $163,000 after buying an additional 776 shares during the period. Bronfman E.L. Rothschild L.P. lifted its holdings in Scripps Networks Interactive by 1.1% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,954 shares of the company’s stock worth $202,000 after buying an additional 32 shares during the period. Finally, Eagle Global Advisors LLC purchased a new stake in Scripps Networks Interactive in the second quarter worth about $208,000. Institutional investors own 75.82% of the company’s stock.

In related news, Director Jeffrey Sagansky sold 1,159 shares of the business’s 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 transaction, the director now owns 9,457 shares in the company, valued at approximately $830,608.31. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.50% of the company’s stock.

Several brokerages have commented on SNI. BidaskClub lowered shares of Scripps Networks Interactive from a “sell” rating to a “strong sell” rating in a report on Friday, October 13th. Royal Bank Of Canada set a $90.00 price objective on shares of Scripps Networks Interactive and gave the stock a “hold” rating in a report on Friday. Citigroup Inc. upgraded shares of Scripps Networks Interactive from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $66.00 to $90.00 in a report on Tuesday, August 1st. Argus lowered shares of Scripps Networks Interactive from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, UBS AG restated a “neutral” rating and issued a $90.00 price objective (up from $83.00) on shares of Scripps Networks Interactive in a report on Tuesday, August 1st. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $84.21.

ILLEGAL ACTIVITY WARNING: “California State Teachers Retirement System Has $10.97 Million Stake in Scripps Networks Interactive, Inc (SNI)” was published by Week Herald and is owned by of Week Herald. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of international copyright & trademark laws. The correct version of this piece of content can be accessed at https://weekherald.com/2017/10/22/california-state-teachers-retirement-system-has-10-97-million-stake-in-scripps-networks-interactive-inc-sni.html.

Shares of Scripps Networks Interactive, Inc (NASDAQ SNI) opened at 84.50 on Friday. The company’s 50 day moving average is $85.33 and its 200 day moving average is $77.27. Scripps Networks Interactive, Inc has a 12 month low of $62.73 and a 12 month high of $88.45. The company has a market cap of $10.97 billion, a P/E ratio of 17.44 and a beta of 1.47.

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)

Receive News & Ratings for Scripps Networks Interactive Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Scripps Networks Interactive Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply