Scripps Networks Interactive (SNI) Receives “Hold” Rating from Cowen

Scripps Networks Interactive (NASDAQ:SNI)‘s stock had its “hold” rating reissued by equities research analysts at Cowen in a report issued on Monday, February 5th. They currently have a $90.00 price objective on the stock. Cowen’s price objective suggests a potential upside of 2.76% from the stock’s current price.

SNI has been the topic of several other reports. Zacks Investment Research downgraded shares of Scripps Networks Interactive from a “hold” rating to a “sell” rating in a report on Friday, January 5th. 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. Finally, BidaskClub cut shares of Scripps Networks Interactive from a “sell” rating to a “strong sell” rating in a research report on Friday, October 13th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $86.57.

Scripps Networks Interactive (SNI) traded up $0.08 during trading on Monday, reaching $87.58. 481,200 shares of the company’s stock were exchanged, compared to its average volume of 904,735. Scripps Networks Interactive has a 12 month low of $64.87 and a 12 month high of $88.87. The firm has a market cap of $11,370.00, a price-to-earnings ratio of 18.79, a PEG ratio of 3.11 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.

In other news, Director Michael R. Costa sold 18,955 shares of the company’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 completion of the transaction, the director now owns 13,035 shares in the company, valued at $1,090,247.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.50% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of SNI. Profund Advisors LLC lifted its holdings in Scripps Networks Interactive by 26.9% in the 2nd quarter. Profund Advisors LLC now owns 3,498 shares of the company’s stock valued at $239,000 after acquiring an additional 742 shares during the last quarter. Nordea Investment Management AB lifted its stake in Scripps Networks Interactive by 3.4% during the second quarter. Nordea Investment Management AB now owns 3,718 shares of the company’s stock valued at $254,000 after buying an additional 122 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Scripps Networks Interactive by 26.8% in the second quarter. Dimensional Fund Advisors LP now owns 610,288 shares of the company’s stock worth $41,690,000 after purchasing an additional 129,039 shares in the last quarter. QS Investors LLC lifted its position in shares of Scripps Networks Interactive by 18.4% in the second quarter. QS Investors LLC now owns 6,447 shares of the company’s stock worth $440,000 after purchasing an additional 1,001 shares in the last quarter. Finally, Employees Retirement System of Texas lifted its position in shares of Scripps Networks Interactive by 100.0% in the second quarter. Employees Retirement System of Texas now owns 14,000 shares of the company’s stock worth $956,000 after purchasing an additional 7,000 shares in the last quarter. 61.65% of the stock is owned by institutional investors.

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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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