Scripps Networks Interactive Inc (NASDAQ:SNI).
Matthew 25 Management Corp lowered its investment in Scripps Networks Interactive Inc shares by 145,000 shares in its quarterly SEC filing. Its stake stood at $23,190,000 a decrease of $5,159,000 according to the filing.
Matthew 25 Management Corp isn’t the only one who has changed their investment in SNI. As of quarter end Commonwealth Of Pennsylvania Public School Empls Retrmt SYS had bought a total of 679 shares growing its holdings by 9.5%. The value of the company’s investment in Scripps Networks Interactive Inc increased from $487,000 to $670,000 increasing 37.6% since the last quarter. As of the end of the quarter Greenleaf Trust had acquired 3,874 shares growing its stake by 63.2%. The value of the total investment in Scripps Networks Interactive Inc went from $418,000 to $859,000 a change of 105.5% quarter to quarter.
As of quarter end Matthew 25 Management Corp had sold a total of 145,000 shares trimming its position 34.9%. The value of the investment in SNI decreased from $1,633,000 to $23,190,000 a change of $5,159,000 for the reporting period. Matthew 25 Management Corp downsized its investment by selling 145,000 shares a decrease of 34.9% in the quarter. Matthew 25 Management Corp controls 270,000 shares with a value of $23,190,000. The value of the position overall is down by 18.2%.
As of quarter end Omers Administration Corp had bought 12,600 shares growing its stake by 52.7%. The value of the investment in Scripps Networks Interactive Inc increased from $28,349,000 to $3,135,000 a change of $1,502,000 quarter over quarter.
Equity analyst Royal Bank Of Canada released guidance on SNI with a rating of “Hold” and projecting a price target of $90.00. September 20 investment analysts at Royal Bank Of Canada maintained a company rating of “Hold” targeting a price of $90.00.
On September 12, 2017 Sanford C. Bernstein maintained a “Market Perform” rating on the company. On September 8 Cowen and Company left the stock rating at “Hold” with a current price target of $90.00.
August 25 investment analysts at KeyCorp reiterated a “Hold” rating on the company. Equity analyst Morgan Stanley raised the price target on August 24 changing the forecast from $82.00 to $90.00 with a “Equal Weight” recommendation.
In the market the company is trading up by 0.67% since yesterday’s close of 78.07. Scripps Networks Interactive Inc currently has a P/E ratio of 16.84 and market cap is 10.20B. As of the latest earnings report the EPS was $4.67 with 96.06M shares now outstanding.
Investors are feeling more bullish on Scripps Networks Interactive Inc if you pay attention to the change in short interest. The company saw a fall in short interest between September 29, 2017 and October 13, 2017 of -3.01%. Short shares fell from 3,701,323 to 3,589,798 over that period. The days to cover decreased to 4.0 and the short interest percentage is 0.04% as of October 13.