stayontheblack.com

Business

Do Analysts Think You Should Buy Scripps Networks Interactive, Inc

Monica Schipper  Getty Images
Discovery CEO David Zaslav

Other institutional investors also recently made changes to their positions in the company. Stephens Incorporated Ar has invested 0.2% in Scripps Networks Interactive, Inc. The Decatur Capital Management Inc holds 114,417 shares with $8.17M value, up from 44,271 last quarter. The stock rose 1.43% or $1.1 reaching $77.99. SRS Capital Advisors Inc. increased its stake in Scripps Networks Interactive by 13.3% in the first quarter. SG Americas Securities LLC now owns 40,921 shares of the company's stock worth $3,207,000 after buying an additional 19,812 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in Scripps Networks Interactive by 22.2% in the first quarter. The quarterly performance is giving indications that stock is trading with a tendency toward upward trend. Unusual volume can be a major signal that investment gurus and momentum traders are piling into a stock ahead of a catalyst.

Scripps Networks Interactive, I's P/E ratio is 17.18 and the market cap is 9.98B. The Firm has ATR of 2.22 that is explaining range of a day's trading is high-low; ATR expands it to yesterday's closing price if it was outside of today's range. Investors who observing the volume trend of Scripps Networks Interactive, Inc. The Wall Street Journal reported on the Discovery-Scripps talks earlier Tuesday. The business had revenue of $855 million during the quarter, compared to analyst estimates of $856.98 million. Citigroup downgraded Scripps Networks Interactive, Inc. During the same quarter previous year, the business posted $1.37 earnings per share. Year-to-date, AMC Networks' stock has been up 18%. If you are accessing this piece on another publication, it was copied illegally and republished in violation of global copyright laws. The Company's divisions include U.S. (NASDAQ:SNI). Suntrust Banks Inc stated it has 0.01% in Scripps Networks Interactive, Inc.

Several research firms have issued reports on SNI. The Iberiabank Corp holds 67,805 shares with $5.70M value, up from 60,669 last quarter.

Cable broadcaster Discovery Communications is in talks to combine with rival Scripps Networks Interactive, which produces HGTV and other television channels, as the companies seek greater scale to compete with digital newcomers. Pinebridge LP holds 0.01% in Scripps Networks Interactive, Inc. Needham maintained the shares of SNI in report on Monday, January 9 with "Buy" rating. Three analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock.

The Stock had a 2.45 Consensus Analyst Recommendation 30 Days Ago, whereas 60 days ago and 90 days ago the analyst recommendations were 2.54 and 2.69 respectively.

Discovery's US portfolio includes Discovery Channel, TLC, Animal Planet, Investigation Discovery, OWN: Oprah Winfrey Network, Velocity, Science, American Heroes, Discovery Family and Destination America. Shares for $705,706 were sold by SCRIPPS EDWARD W on Thursday, February 23. (SNI) now has a value of $76.89 while the company's 52 week low is at $59.32, the shares dropped to the 52 week low on 09/21/16. 09, 2017. The company's shares were given away at $69.65 per share worth to an income of some $2,089,500 on account of Scripps Gerald J. 26, 2017. These shares are worth $20,088,000 and were traded at $66.96 each. Following the completion of the transaction, the insider now directly owns 232,071 shares in the company, valued at $15,539,474.16. The disclosure for this sale can be found here.