Published: Fri, March 09, 2018
Finance | By Loren Pratt

Discovery Communications Completes Acquisition Of Scripps Networks Interactive, Inc. (NASDAQ:SNI)

Discovery Communications Completes Acquisition Of Scripps Networks Interactive, Inc. (NASDAQ:SNI)

The institutional investor held 10,342 shares of the military and government and technical company at the end of 2017Q3, valued at $3.21M, up from 9,105 at the end of the previous reported quarter. The company had a trading volume of 11,124,777 shares, compared to its average volume of 1,537,022.

Scripps Networks Interactive Inc (NASDAQ: SNI) has grabbed attention from the analysts when it experienced a change of -0.07% in the last trading session to close at $90.04. About 755,486 shares traded. Enterprise Products Partners L.P. (NYSE:EPD) has declined 0.18% since March 7, 2017 and is downtrending. It has outperformed by 6.84% the S&P500. The Relative Volume value measured for Scripps Networks Interactive, Inc. stands at 9.27. EPS is an indicator of company profit because the more earnings a company can generate per share, the more valuable each share is to investors. Entrustpermal Management Ltd Liability Co owns 117,500 shares or 1.28% of their U.S. portfolio. The company has market cap of $32.42 billion. The stock increased 5.14% or $1.04 during the last trading session, reaching $21.27.

Analysts Target Price: Wall Street analysts that cover the Scripps Networks Interactive, Inc. (NYSE:SNI) has risen 9.83% since March 6, 2017 and is uptrending. It has underperformed by 2.51% the S&P500. 971 shares were sold by Gilliland Dwight Gary, worth $149,068. The Renaissance Technologies Llc holds 625,805 shares with $94.48M value, up from 506,405 last quarter.

Investors sentiment decreased to 1.45 in Q3 2017. Its up 0.09, from 1 in 2017Q2. It dropped, as 20 investors sold HHC shares while 54 reduced holdings. 65 funds opened positions while 194 raised stakes.

Burgundy Asset Management Ltd. trimmed its position in shares of Scripps Networks Interactive, Inc. (NASDAQ:SNI). Brandywine Glob Investment Mgmt Lc has 69,846 shares for 0.04% of their portfolio. Alphaone Limited Liability Co owns 0.01% invested in The Hershey Company (NYSE:HSY) for 187 shares. About 11.13M shares traded or 710.35% up from the average. Ibm Retirement Fund invested 0.04% in The Hershey Company (NYSE:HSY). "(NASDAQ:SNI) Position Lowered by Burgundy Asset Management Ltd." was reported by Week Herald and is the sole property of of Week Herald. 14,261 are held by Wallace Cap Management. (NYSE:TSN). National Bank Of America Corporation De reported 0.01% stake. Cadence Retail Bank Na has 3.03% invested in Johnson & Johnson (NYSE:JNJ) for 61,612 shares. Riverhead Mngmt Limited Liability Com reported 217 shares.

Analysts await Enterprise Products Partners L.P. (NYSE:EPD) to report earnings on May, 1. According to their predictions high & low revenue estimates are 899.55 Million and 873.94 Million respectively. The company reported $1.38 EPS for the quarter, beating the Zacks' consensus estimate of $1.21 by $0.17. As a general matter investors should not rely exclusively on an analyst's recommendation when deciding whether to buy, sell or hold a stock. Therefore 48% are positive. Morgan Stanley maintained it with "Equal-Weight" rating and $90 target in Thursday, August 24 report. The firm has "Sector Perform" rating by RBC Capital Markets given on Monday, November 30. (NASDAQ:SNI). Moving forward, the combined company will be officially known as simply: Discovery, Inc. Jefferies maintained the shares of SNI in report on Wednesday, September 6 with "Hold" rating. The stock has "Buy" rating by Citigroup on Thursday, October 27. On Tuesday, August 2 the stock rating was maintained by CLSA with "Outperform". The company was downgraded on Monday, July 11 by Tigress Financial.

Riverhead Capital Management Llc, which manages about $2.13 billion US Long portfolio, upped its stake in Ross Stores Inc (NASDAQ:ROST) by 14,440 shares to 106,368 shares, valued at $6.87M in 2017Q3, according to the filing. Guggenheim Ltd Liability stated it has 0.16% in Scripps Networks Interactive, Inc. Fourteen equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. It increased, as 97 investors sold Scripps Networks Interactive, Inc. shares while 186 reduced holdings. The company was downgraded on Tuesday, August 1 by Argus Research. The firm has "Neutral" rating by Macquarie Research given on Tuesday, April 26. As per Friday, July 7, the company rating was maintained by RBC Capital Markets. (NASDAQ:SNI). Envestnet Asset, a Illinois-based fund reported 21,271 shares. On Tuesday, December 8 the stock rating was maintained by Compass Point with "Buy". (NASDAQ:SNI) earned "Hold" rating by Evercore on Thursday, August 11. Cowen & Co has "Hold" rating and $90.0 target. Another trade for 44,687 shares valued at $7.01 million was sold by KING DAVID P.

Investors sentiment increased to 0.8 in 2017 Q3.

Since February 15, 2018, it had 0 insider purchases, and 1 insider sale for $20.17 million activity. 92 funds opened positions while 72 raised stakes. Ct Mason holds 17,987 shares. Citadel holds 0.01% or 427,625 shares in its portfolio. California Pub Employees Retirement System accumulated 233,995 shares. 322,841 are owned by State Of Wisconsin Invest Board. Clean Yield Grp invested in 3.32% or 62,689 shares. Horan Limited Liability Corp has 0.01% invested in Scripps Networks Interactive, Inc.

The company's stock is now moving with a +ve distance from the 200 day SMA of approximately 10.79%, and has a solid year to date (YTD) performance of 5.46% which means that the stock is constantly adding to its value from the previous fiscal year end price. 86,182 are held by Manufacturers Life Ins The. Amalgamated Bancorporation has invested 0.03% in Scripps Networks Interactive, Inc. (NASDAQ:SNI) or 322,841 shares. Voya Management Limited Com reported 53,987 shares.

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