North American Management Corp Has $492,000 Stake in Scripps Networks Interactive, Inc (NASDAQ:SNI)

North American Management Corp held its stake in Scripps Networks Interactive, Inc (NASDAQ:SNI) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,200 shares of the company’s stock at the end of the second quarter. North American Management Corp’s holdings in Scripps Networks Interactive were worth $492,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in SNI. Contravisory Investment Management Inc. increased its stake in Scripps Networks Interactive by 68.5% in the first quarter. Contravisory Investment Management Inc. now owns 1,586 shares of the company’s stock worth $124,000 after buying an additional 645 shares during the period. James Investment Research Inc. purchased a new stake in Scripps Networks Interactive during the first quarter worth $147,000. Mascoma Wealth Management LLC purchased a new stake in Scripps Networks Interactive during the second quarter worth $130,000. SRS Capital Advisors Inc. increased its stake in Scripps Networks Interactive by 13.3% in the first quarter. SRS Capital Advisors Inc. now owns 2,152 shares of the company’s stock worth $168,000 after buying an additional 252 shares during the period. Finally, Mn Services Vermogensbeheer B.V. increased its stake in Scripps Networks Interactive by 6.8% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 2,175 shares of the company’s stock worth $159,000 after buying an additional 138 shares during the period. 70.48% of the stock is currently owned by institutional investors and hedge funds.

Scripps Networks Interactive, Inc (SNI) opened at 86.66 on Friday. The company has a market cap of $11.25 billion, a PE ratio of 17.88 and a beta of 1.49. Scripps Networks Interactive, Inc has a 1-year low of $59.32 and a 1-year high of $88.45. The stock has a 50 day moving average of $76.59 and a 200-day moving average of $74.68.

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A number of equities research analysts recently weighed in on the company. Argus downgraded Scripps Networks Interactive from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. UBS AG reaffirmed a “neutral” rating and set a $90.00 price objective (up from $83.00) on shares of Scripps Networks Interactive in a report on Tuesday, August 1st. Citigroup Inc. raised Scripps Networks Interactive from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $66.00 to $90.00 in a report on Tuesday, August 1st. Moffett Nathanson raised Scripps Networks Interactive from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $61.00 to $87.00 in a report on Monday, July 31st. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $76.00 price objective on shares of Scripps Networks Interactive in a report on Monday, May 15th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company. Scripps Networks Interactive presently has a consensus rating of “Hold” and a consensus target price of $83.50.

In other Scripps Networks Interactive news, major shareholder Edward W. Scripps sold 300,000 shares of the firm’s stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $66.96, for a total value of $20,088,000.00. Following the sale, the insider now owns 232,071 shares in the company, valued at $15,539,474.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jeffrey Sagansky sold 1,159 shares of the firm’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 sale, the director now owns 9,457 shares in the company, valued at approximately $830,608.31. The disclosure for this sale can be found here. Company insiders own 2.50% of the company’s stock.

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)

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