Ameriprise Financial Inc. Trims Stake in Scripps Networks Interactive, Inc. (NASDAQ:SNI)

Lloyd Doyle
January 12, 2018

Alliancebernstein L.P. now owns 2,084,212 shares of the company's stock valued at $142,373,000 after buying an additional 1,911,635 shares in the last quarter.

NASDAQ:IMGN) shares were trading higher by 1.22 percent ($0.09) at $7.49 a piece in Wednesday's session. About 961,275 shares traded. It is up 15.77% since January 11, 2017 and is downtrending. It has underperformed by 0.03% the S&P500.

Murphy Pohlad Asset Management Llc decreased its stake in Scripps Networks Interact In (SNI) by 22.1% based on its latest 2017Q3 regulatory filing with the SEC. Concert Wealth Management Inc sold 11,397 shares as the company's stock declined 7.81% while stock markets rallied. Following the completion of the sale, the director now directly owns 13,035 shares in the company, valued at $1,090,247.40. The stock decreased 1.63% or $0.61 during the last trading session, reaching $36.88. About 682,292 shares traded or 59.68% up from the average. Scripps Networks Interactive, Inc. (NYSE:SNI) has risen 9.83% since January 12, 2017 and is uptrending.

The consensus recommendation - averaging the work of 16 analysts - of 2.9 for Scripps Networks Interactive, Inc. (NASDAQ:SNI) has "Hold" rating given on Tuesday, June 6 by RBC Capital Markets. ImmunoGen, Inc. earnings have risen with an annualized rate of 1% over the last 5 years. SNI's profit will be $162.39 million for 17.22 P/E if the $1.25 EPS becomes a reality. Its up 75% from 1,200 shares previously. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have assigned a buy rating to the company. Therefore 21% are positive. AT&T Inc. had 68 analyst reports since July 27, 2015 according to SRatingsIntel. RBC Capital Markets maintained the shares of SNI in report on Wednesday, February 22 with "Sector Perform" rating.

Scripps Networks Interactive, Inc is a developer of lifestyle-oriented content, providing primarily home, food, travel and other lifestyle-related programing. The stock presently has a consensus rating of "Hold" and an average target price of $85.62. The company was maintained on Monday, January 9 by Needham. Pensionfund Dsm Netherlands reported 37,000 shares. The firm earned "Hold" rating on Wednesday, August 2 by Cowen & Co. Assetmark Inc. boosted its position in shares of Scripps Networks Interactive by 8.7% in the third quarter. Finally, Royal Bank of Canada set a $90.00 target price on shares of Scripps Networks Interactive and gave the stock a "hold" rating in a research note on Friday, October 20th. It also increased its holding in Devon Energy Corp New (NYSE:DVN) by 8,500 shares in the quarter, for a total of 18,050 shares, and has risen its stake in Alphabet Inc. (NASDAQ:SNI) for 3,950 shares. Wpp Plc (NASDAQ:WPPGY) was raised too.

Since August 8, 2017, it had 0 insider purchases, and 1 sale for $101,795 activity. SAGANSKY JEFFREY also sold $101,795 worth of Scripps Networks Interactive, Inc.

Investors sentiment decreased to 0.58 in Q3 2017. Its up 0.04, from 1 in 2017Q2. It dived, as 97 investors sold SNI shares while 186 reduced holdings. Jefferies maintained Scripps Networks Interactive, Inc. (NASDAQ:SNI) or 24,000 shares. (NASDAQ:SNI) established that the company was able to keep return on investment at 14.65 in the trailing twelve month while Reuters data showed that industry's average stands at 11.00 and sector's optimum level is -64.00.

Adams Asset Advisors Llc, which manages about $828.72M and $733.52M US Long portfolio, upped its stake in Hewlett Packard Company by 16,693 shares to 279,996 shares, valued at $5.59M in 2017Q3, according to the filing. Profund Advisors Ltd has 18,170 shares. Tiaa Cref Investment Management Ltd Liability accumulated 947,102 shares. Tig Ltd Limited Liability Company invested in 3.74% or 775,481 shares. Zeke Cap Advisors Ltd Liability reported 4,467 shares. Fmr Lc holds 415,473 shares or 0% of its portfolio. New South Capital reported 1.38 million shares. Grassi Inv reported 0.2% stake.

Investors sentiment decreased to 1.13 in Q3 2017. Its up 0.26, from 1.28 in 2017Q2. Amica Retiree Tru invested in 0.12% or 2,383 shares. 92 funds opened positions while 271 raised stakes. The institutional investor held 33,920 shares of the consumer services company at the end of 2017Q3, valued at $2.91 million, down from 43,545 at the end of the previous reported quarter. The fund owned 76,793 shares of the company's stock after selling 154,162 shares during the quarter. Bahl Gaynor Inc, Ohio-based fund reported 52,040 shares. 339.45 million shares or 0.11% less from 339.81 million shares in 2017Q2 were reported. Gulf Bank & Trust (Uk) Ltd has 0.03% invested in Scripps Networks Interactive, Inc. Moreover, Carroll Finance Associates has 0% invested in Nuveen Preferred Securities Income Fund (NYSE:JPS). Shellback Capital Lp bought 243,951 shares as the company's stock declined 5.91% while stock markets rallied. (NYSE:DAL). Lingohr And Partner Asset Gmbh invested 0.77% of its portfolio in Delta Air Lines, Inc. Tesuji Limited Liability Co reported 46.78% stake. Matthew 25 Management invested 6.47% of its portfolio in Scripps Networks Interactive, Inc. Citadel Advsrs Limited Com owns 967,223 shares. Brown Advisory, Maryland-based fund reported 25,671 shares. State Street holds 0.03% or 3.62M shares. Carlson Cap Limited Partnership accumulated 1.83M shares. BMO Capital Markets has "Hold" rating and $6500 target. Therefore 63% are positive. Alibaba had 156 analyst reports since August 12, 2015 according to SRatingsIntel. (NASDAQ:SNI) rating on Friday, July 7. The firm has "Hold" rating by Cowen & Co given on Tuesday, October 24. The rating was downgraded by Moffett Nathanson on Tuesday, September 27 to "Sell". The rating was upgraded by CLSA on Friday, November 13 to "Outperform". The rating was downgraded by Wedbush to "Neutral" on Wednesday, August 12.

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