Shares of Scripps Networks Interactive, Inc. (NASDAQ:SNI) have been assigned a consensus rating of “Hold” from the seventeen research firms that are currently covering the company, Marketbeat Ratings reports. Fourteen research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $86.36.
Several analysts have recently weighed in on the stock. BidaskClub upgraded shares of Scripps Networks Interactive from a “sell” rating to a “hold” rating in a research report on Friday, March 2nd. Cowen restated a “hold” rating and set a $90.00 price objective on shares of Scripps Networks Interactive in a research report on Monday, February 5th. Finally, Zacks Investment Research upgraded shares of Scripps Networks Interactive from a “hold” rating to a “buy” rating and set a $99.00 price objective on the stock in a research report on Friday, February 2nd.
Scripps Networks Interactive stock opened at $90.04 on Friday. The company has a current ratio of 3.05, a quick ratio of 3.05 and a debt-to-equity ratio of 0.81. Scripps Networks Interactive has a fifty-two week low of $64.87 and a fifty-two week high of $93.58.
In related news, Director Ronald W. Tysoe sold 5,873 shares of the stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $89.90, for a total transaction of $527,982.70. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Lori A. Hickok sold 125,128 shares of the firm’s stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $89.71, for a total transaction of $11,225,232.88. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by company insiders.
Institutional investors have recently made changes to their positions in the business. Fuller & Thaler Asset Management Inc. bought a new stake in Scripps Networks Interactive in the 4th quarter worth $111,000. Financial Gravity Companies Inc. bought a new stake in Scripps Networks Interactive in the 4th quarter worth $129,000. Cerebellum GP LLC bought a new stake in Scripps Networks Interactive in the 4th quarter worth $133,000. Slow Capital Inc. bought a new stake in Scripps Networks Interactive in the 4th quarter worth $163,000. Finally, Commerzbank Aktiengesellschaft FI bought a new stake in Scripps Networks Interactive in the 4th quarter worth $230,000. 62.59% of the stock is currently owned by institutional investors and hedge funds.
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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.
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