Alpine Associates Management Inc. lessened its position in shares of Scripps Networks Interactive, Inc. (NASDAQ:SNI) by 6.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,565,822 shares of the company’s stock after selling 99,478 shares during the period. Scripps Networks Interactive comprises 4.8% of Alpine Associates Management Inc.’s holdings, making the stock its 6th largest position. Alpine Associates Management Inc.’s holdings in Scripps Networks Interactive were worth $133,689,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in SNI. Cerebellum GP LLC acquired a new position in shares of Scripps Networks Interactive during the 4th quarter worth about $133,000. Valeo Financial Advisors LLC acquired a new position in shares of Scripps Networks Interactive during the 3rd quarter worth about $162,000. Meiji Yasuda Asset Management Co Ltd. acquired a new position in shares of Scripps Networks Interactive during the 3rd quarter worth about $202,000. Welch & Forbes LLC acquired a new position in shares of Scripps Networks Interactive during the 3rd quarter worth about $204,000. Finally, Savant Capital LLC acquired a new position in shares of Scripps Networks Interactive during the 3rd quarter worth about $210,000. Hedge funds and other institutional investors own 61.65% of the company’s stock.

In related news, Director Michael R. Costa sold 18,955 shares of the firm’s stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $83.64, for a total value of $1,585,396.20. Following the completion of the sale, the director now directly owns 13,035 shares in the company, valued at approximately $1,090,247.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.50% of the company’s stock.

A number of research firms have recently commented on SNI. Zacks Investment Research downgraded shares of Scripps Networks Interactive from a “buy” rating to a “hold” rating in a research note on Thursday, February 1st. Cowen restated a “hold” rating and set a $90.00 price objective on shares of Scripps Networks Interactive in a research note on Monday, February 5th. BidaskClub upgraded shares of Scripps Networks Interactive from a “sell” rating to a “hold” rating in a research note 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 note on Friday, October 20th. Fifteen analysts have rated the stock with a hold rating and four have given a buy rating to the company. Scripps Networks Interactive presently has a consensus rating of “Hold” and an average price target of $86.57.

Shares of Scripps Networks Interactive, Inc. (NASDAQ SNI) opened at $87.50 on Wednesday. Scripps Networks Interactive, Inc. has a one year low of $64.87 and a one year high of $88.87. The stock has a market cap of $11,251.94, a PE ratio of 18.74, a P/E/G ratio of 3.08 and a beta of 1.40. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.90.

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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.

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

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