Scripps Networks Interactive, Inc. (NASDAQ:SNI) has received a consensus recommendation of “Hold” from the seventeen analysts that are covering the stock, MarketBeat Ratings reports. Fourteen research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $86.36.
Several equities research analysts recently weighed in on SNI shares. Zacks Investment Research downgraded shares of Scripps Networks Interactive from a “hold” rating to a “sell” rating in a research note on Friday, January 5th. BidaskClub raised shares of Scripps Networks Interactive from a “strong sell” rating to a “sell” rating in a research note on Friday, December 22nd. Finally, Cowen reaffirmed a “hold” rating and set a $90.00 target price on shares of Scripps Networks Interactive in a research note on Monday, February 5th.
SNI traded down $0.06 during trading hours on Friday, hitting $90.04. 11,132,800 shares of the company’s stock were exchanged, compared to its average volume of 1,537,205. Scripps Networks Interactive has a 12-month low of $64.87 and a 12-month high of $93.58. The company has a quick ratio of 3.05, a current ratio of 3.05 and a debt-to-equity ratio of 0.81.
In related news, CFO Lori A. Hickok sold 125,128 shares of the stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $89.71, for a total value of $11,225,232.88. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 disclosure for this sale can be found here. Corporate insiders own 2.50% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Fuller & Thaler Asset Management Inc. acquired a new stake in Scripps Networks Interactive during the 4th quarter worth $111,000. Financial Gravity Companies Inc. acquired a new stake in Scripps Networks Interactive during the 4th quarter worth $129,000. Cerebellum GP LLC acquired a new stake in Scripps Networks Interactive during the 4th quarter worth $133,000. Slow Capital Inc. acquired a new stake in Scripps Networks Interactive during the 4th quarter worth $163,000. Finally, Commerzbank Aktiengesellschaft FI acquired a new stake in Scripps Networks Interactive during the 4th quarter worth $230,000. 62.59% of the stock is currently owned by hedge funds and other 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.
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