Groesbeck Investment Management Corp NJ Has $307,000 Stake in Scripps Networks Interactive, Inc. (SNI)

Groesbeck Investment Management Corp NJ decreased its position in Scripps Networks Interactive, Inc. (NASDAQ:SNI) by 92.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,600 shares of the company’s stock after selling 41,334 shares during the period. Groesbeck Investment Management Corp NJ’s holdings in Scripps Networks Interactive were worth $307,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of SNI. Mountain Capital Investment Advisors Inc purchased a new position in shares of Scripps Networks Interactive during the 2nd quarter worth approximately $126,000. Cerebellum GP LLC purchased a new position in shares of Scripps Networks Interactive during the 4th quarter worth approximately $133,000. Valeo Financial Advisors LLC purchased a new position in shares of Scripps Networks Interactive during the 3rd quarter worth approximately $162,000. Meiji Yasuda Asset Management Co Ltd. purchased a new position in shares of Scripps Networks Interactive during the 3rd quarter worth approximately $202,000. Finally, Welch & Forbes LLC purchased a new position in shares of Scripps Networks Interactive during the 3rd quarter worth approximately $204,000. 61.71% of the stock is owned by institutional investors and hedge funds.

A number of research firms recently weighed in on SNI. Zacks Investment Research cut shares of Scripps Networks Interactive from a “buy” rating to a “hold” rating in a research report on Thursday, February 1st. Cowen reaffirmed a “hold” rating and set a $90.00 price objective on shares of Scripps Networks Interactive in a research report on Monday, February 5th. BidaskClub raised shares of Scripps Networks Interactive from a “sell” rating to a “hold” rating in a research report on Monday, February 5th. Finally, Royal Bank of Canada set a $90.00 price objective on shares of Scripps Networks Interactive and gave the stock a “hold” rating in a research report on Friday, October 20th. Fifteen research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $86.57.

In other Scripps Networks Interactive news, Director Michael R. Costa sold 18,955 shares of the stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $83.64, for a total transaction of $1,585,396.20. Following the sale, the director now directly owns 13,035 shares in the company, valued at approximately $1,090,247.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. 2.50% of the stock is owned by corporate insiders.

Shares of Scripps Networks Interactive, Inc. (SNI) opened at $86.61 on Friday. The stock has a market cap of $11,232.45, a P/E ratio of 16.04, a price-to-earnings-growth ratio of 3.07 and a beta of 1.40. Scripps Networks Interactive, Inc. has a fifty-two week low of $64.87 and a fifty-two week high of $88.87. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.90.

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Scripps Networks Interactive 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.

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Institutional Ownership by Quarter for Scripps Networks Interactive (NASDAQ:SNI)

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