Stock Worth Watching: Will Scripps Networks Interactive, Inc. Run Out of Steam Soon?

Stock Worth Watching: Will Scripps Networks Interactive, Inc. Run Out of Steam Soon?

The stock of Scripps Networks Interactive, Inc. (NASDAQ:SNI) hit a new 52-week high and has $84.17 target or 26.00% above today’s $66.80 share price. The 9 months bullish chart indicates low risk for the $8.56B company. The 1-year high was reported on Nov, 7 by Barchart.com. If the $84.17 price target is reached, the company will be worth $2.23 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 569,052 shares traded hands. Scripps Networks Interactive, Inc. (NASDAQ:SNI) has declined 2.76% since April 5, 2016 and is downtrending. It has underperformed by 4.72% the S&P500.

Analysts await Scripps Networks Interactive, Inc. (NASDAQ:SNI) to report earnings on November, 14. They expect $0.96 earnings per share, down 9.43% or $0.10 from last year’s $1.06 per share. SNI’s profit will be $123.02M for 17.40 P/E if the $0.96 EPS becomes a reality. After $1.58 actual earnings per share reported by Scripps Networks Interactive, Inc. for the previous quarter, Wall Street now forecasts -39.24% negative EPS growth.

According to Zacks Investment Research, “SCRIPPS NETWORKS INTERACTIVE INC. is the leading developer of lifestyle-oriented content for television and the Internet, where on-air programming is complemented with online video, social media areas and e-commerce components on companion Web sites and broadband vertical channels. The company’s media portfolio includes: Lifestyle Media, with popular lifestyle television and Internet brands HGTV, Food Network, DIY Network, Fine Living Network and country music network Great American Country (GAC); and Interactive Services, with leading online search and comparison shopping services, Shopzilla and uSwitch.”

Insitutional Activity: The institutional sentiment decreased to 1.31 in Q2 2016. Its down 0.08, from 1.39 in 2016Q1. The ratio dived, as 44 funds sold all Scripps Networks Interactive, Inc. shares owned while 125 reduced positions. 49 funds bought stakes while 173 increased positions. They now own 83.57 million shares or 1.73% less from 85.04 million shares in 2016Q1.
Clark Estates Ny has 0.51% invested in the company for 41,000 shares. Blackrock Investment Mngmt Limited Liability Corp holds 0.06% of its portfolio in Scripps Networks Interactive, Inc. (NASDAQ:SNI) for 709,916 shares. Westfield Capital Co Lp accumulated 0.31% or 609,785 shares. Advsr Asset Mgmt Inc last reported 0.01% of its portfolio in the stock. Savings Bank Of New York Mellon Corporation, a New York-based fund reported 872,626 shares. Amica Mutual accumulated 0.04% or 7,378 shares. Oxbow Advsr Limited last reported 60,595 shares in the company. Liberty Mutual Gru Asset Management has invested 0.02% of its portfolio in Scripps Networks Interactive, Inc. (NASDAQ:SNI). Barclays Pcl last reported 0.02% of its portfolio in the stock. Eqis Capital Management Inc accumulated 0.14% or 33,755 shares. Delta Lloyd Nv accumulated 12,521 shares or 0.03% of the stock. Moreover, Raub Brock Cap Limited Partnership has 3.57% invested in Scripps Networks Interactive, Inc. (NASDAQ:SNI) for 190,914 shares. Winton Capital Gp Limited has invested 0.49% of its portfolio in Scripps Networks Interactive, Inc. (NASDAQ:SNI). Tealwood Asset Management last reported 45,190 shares in the company. California State Teachers Retirement System accumulated 174,242 shares or 0.02% of the stock.

Insider Transactions: Since May 10, 2016, the stock had 0 insider purchases, and 7 insider sales for $43.95 million net activity. Another trade for 152,863 shares valued at $9.24M was made by Heidt Julia Scripps on Friday, September 16. Scripps Jimmy R. had sold 400,000 shares worth $24.87 million on Thursday, May 19. $2.81 million worth of Scripps Networks Interactive, Inc. (NASDAQ:SNI) was sold by SCRIPPS EDWARD W on Friday, September 9. Scripps Cynthia J had sold 95,000 shares worth $6.00M on Thursday, September 8. Gibson Cynthia L sold 2,238 shares worth $139,319. On Friday, May 13 Hale Mark S sold $524,843 worth of the stock or 8,118 shares. Shares for $1.36M were sold by Scripps Gerald J..

More recent Scripps Networks Interactive, Inc. (NASDAQ:SNI) news were published by: Wsj.com which released: “Scripps Networks Benefits From Higher TV Advertising Revenue” on November 07, 2016. Also Nasdaq.com published the news titled: “Earnings Reaction History: Scripps Networks Interactive, Inc., 28.6% Follow …” on November 07, 2016. Forbes.com‘s news article titled: “The New #7 Most Shorted S&P 500 Component: Scripps Networks Interactive” with publication date: October 26, 2016 was also an interesting one.

SNI Company Profile

Scripps Networks Interactive, Inc., incorporated on October 23, 2007, is a developer of lifestyle-oriented content for linear and interactive video platforms, including television and the Internet brands. The Company’s divisions include U.S. Networks, International Networks, and Corporate and Other.

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