Jeffrey Sagansky Sells 1,159 Shares of Scripps Networks Interactive, Inc (SNI) Stock

Scripps Networks Interactive, Inc (NASDAQ:SNI) Director Jeffrey Sagansky sold 1,159 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $87.83, for a total value of $101,794.97. Following the sale, the director now directly owns 9,457 shares in the company, valued at approximately $830,608.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Scripps Networks Interactive, Inc (NASDAQ:SNI) traded down 0.20% during trading on Friday, reaching $86.66. 2,215,872 shares of the company’s stock traded hands. Scripps Networks Interactive, Inc has a 12 month low of $59.32 and a 12 month high of $88.45. The firm’s 50 day moving average is $76.59 and its 200 day moving average is $74.68. The company has a market cap of $11.25 billion, a P/E ratio of 17.88 and a beta of 1.49.

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Large investors have recently modified their holdings of the company. Intrust Bank NA increased its stake in shares of Scripps Networks Interactive by 0.4% in the first quarter. Intrust Bank NA now owns 6,864 shares of the company’s stock valued at $538,000 after buying an additional 29 shares in the last quarter. Bronfman E.L. Rothschild L.P. increased its stake in shares of Scripps Networks Interactive by 1.1% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,954 shares of the company’s stock valued at $202,000 after buying an additional 32 shares in the last quarter. Sawtooth Solutions LLC increased its stake in shares of Scripps Networks Interactive by 1.1% in the first quarter. Sawtooth Solutions LLC now owns 3,104 shares of the company’s stock valued at $243,000 after buying an additional 35 shares in the last quarter. CIBC Asset Management Inc increased its stake in shares of Scripps Networks Interactive by 0.3% in the second quarter. CIBC Asset Management Inc now owns 12,484 shares of the company’s stock valued at $853,000 after buying an additional 35 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Scripps Networks Interactive by 0.6% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,125 shares of the company’s stock valued at $487,000 after buying an additional 39 shares in the last quarter. 70.48% of the stock is owned by institutional investors.

Several equities research analysts recently commented on SNI shares. Royal Bank Of Canada reissued a “hold” rating and set a $87.00 target price on shares of Scripps Networks Interactive in a report on Monday, April 24th. Jefferies Group LLC restated a “hold” rating and issued a $76.00 price target on shares of Scripps Networks Interactive in a research report on Friday, April 28th. J P Morgan Chase & Co upgraded shares of Scripps Networks Interactive from an “underweight” rating to a “neutral” rating and set a $83.00 price target on the stock in a research report on Friday, May 5th. Moffett Nathanson restated a “sell” rating on shares of Scripps Networks Interactive in a research report on Friday, June 9th. Finally, Zacks Investment Research lowered shares of Scripps Networks Interactive from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. One equities 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 stock. Scripps Networks Interactive currently has a consensus rating of “Hold” and a consensus price target of $83.50.

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.

Insider Buying and Selling by Quarter for Scripps Networks Interactive (NASDAQ:SNI)

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