Ownership Action to Note: Here is What Institutional Investors Think About Scripps Networks Interactive Inc (NASDAQ:SNI)

November 28, 2016 - By Louis Casey   ·   0 Comments

Ownership Action to Note: Here is What Institutional Investors Think About Scripps Networks Interactive Inc (NASDAQ:SNI)

Sentiment for Scripps Networks Interactive Inc (NASDAQ:SNI)

Scripps Networks Interactive Inc (NASDAQ:SNI) institutional sentiment decreased to 1.08 in Q2 2016. Its down -0.23, from 1.31 in 2016Q1. The ratio turned negative, as 222 investment professionals opened new or increased stock positions, while 169 reduced and sold stakes in Scripps Networks Interactive Inc. The investment professionals in our partner’s database now have: 83.57 million shares, down from 85.04 million shares in 2016Q1. Also, the number of investment professionals holding Scripps Networks Interactive Inc in their top 10 stock positions decreased from 7 to 3 for a decrease of 4. Sold All: 44 Reduced: 125 Increased: 173 New Position: 49.

Scripps Networks Interactive, Inc. is a developer of lifestyle-oriented content for linear and interactive video platforms, including television and the Internet brands. The company has a market cap of $8.99 billion. The Company’s divisions include U.S. It has a 11.45 P/E ratio. Networks, International Networks, and Corporate and Other.

About 408,178 shares traded hands. Scripps Networks Interactive, Inc. (NASDAQ:SNI) has risen 10.42% since April 25, 2016 and is uptrending. It has outperformed by 4.40% the S&P500.

Analysts await Scripps Networks Interactive, Inc. (NASDAQ:SNI) to report earnings on February, 28. They expect $1.06 EPS, down 21.48% or $0.29 from last year’s $1.35 per share. SNI’s profit will be $137.53 million for 16.34 P/E if the $1.06 EPS becomes a reality. After $1.26 actual EPS reported by Scripps Networks Interactive, Inc. for the previous quarter, Wall Street now forecasts -15.87% negative EPS growth.

According to Zacks Investment Research, “SCRIPPS NETWORKS INTERACTIVE INC. is the leading developer of lifestyle-oriented content for television and the Internet, where on-air programming is complemented with online video, social media areas and e-commerce components on companion Web sites and broadband vertical channels. The company’s media portfolio includes: Lifestyle Media, with popular lifestyle television and Internet brands HGTV, Food Network, DIY Network, Fine Living Network and country music network Great American Country (GAC); and Interactive Services, with leading online search and comparison shopping services, Shopzilla and uSwitch.”

Lenox Wealth Management Inc. holds 9.72% of its portfolio in Scripps Networks Interactive, Inc. for 214,861 shares. Matthew 25 Management Corp owns 485,000 shares or 8.47% of their US portfolio. Moreover, Southeastern Asset Management Inc Tn has 6.77% invested in the company for 10.65 million shares. The California-based Raub Brock Capital Management Lp has invested 3.57% in the stock. Archon Partners Llc, a New York-based fund reported 146,700 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 12 selling transactions for $104.12 million net activity.

SNI Company Profile

Scripps Networks Interactive, Inc., incorporated on October 23, 2007, is a developer of lifestyle-oriented content for linear and interactive video platforms, including television and the Internet brands. The Company’s divisions include U.S. Networks, International Networks, and Corporate and Other.

More recent Scripps Networks Interactive, Inc. (NASDAQ:SNI) news were published by: Nasdaq.com which released: “Scripps Networks Interactive Reaches Analyst Target Price” on November 15, 2016. Also Nasdaq.com published the news titled: “Earnings Reaction History: Scripps Networks Interactive, Inc., 28.6% Follow …” on November 07, 2016. Wsj.com‘s news article titled: “Scripps Networks Benefits From Higher TV Advertising Revenue” with publication date: November 07, 2016 was also an interesting one.

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By Louis Casey

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