Discovery, Scripps Networks discuss merger

by Frankie Norman July 21, 2017, 0:31
Discovery, Scripps Networks discuss merger

The yield on the 10-year Treasury note remained at 2.26 percent. (NASDAQ:SNI) shares were sold by Parham Richelle P. Jablin Burton F sold $1.12M worth of stock. Ontario Teachers Pension Plan Board holds 0.01% or 8,474 shares. Pinebridge Invs Ltd Partnership holds 3,365 shares or 0.01% of its portfolio. National Bank Of Nova Scotia invested in 67,900 shares. Contrarian Capital Management L.L.C., a Connecticut-based fund reported 101,423 shares.

The volume of the particular stock is the shares bought and sold in a single trading day. The company also recently announced a dividend that was paid on Saturday the 10th of June 2017.

SNI has a mean analyst rating of 3.10.

Separately, Scripps appears to have been a target of the Redstone family controlled Viacom, according to several reports. As per Tuesday, August 25, the company rating was upgraded by Vetr. The firm earned "Buy" rating on Friday, April 29 by Suntrust Robinson.

5/15/2017-Jefferies Group LLC Reiterated Rating of Hold. The company was maintained on Thursday, July 6 by Stifel Nicolaus. As per Friday, July 7, the company rating was maintained by Cowen & Co. It also reduced Biomarin Pharmaceutical (NASDAQ:BMRN) stake by 15,875 shares and now owns 96,725 shares. Scripps Eli W sold $4.03 million worth of stock or 50,000 shares. Therefore 31% are positive. As per Monday, November 30, the company rating was maintained by RBC Capital Markets. Needham maintained the shares of SNI in report on Monday, January 9 with "Buy" rating. The value of the total investment in Scripps Networks Interactive, I went from $5,882,000 to $5,135,000 a change of $747,000 since the last quarter. We have $83.52 PT which if reached, will make NASDAQ:SNI worth $879.30M more.

Investors sentiment increased to 1.1 in Q4 2016. A stock with a beta between 0.0 and 1.0 has smaller ups and downs.

The stock has Return on Assets (ROA) of 9.1 percent. Public Sector Pension Investment Board raised its stake in Scripps Networks Interactive by 0.5% in the fourth quarter. (NASDAQ:SNI) was sold by Scripps William A. Assetmark reported 2,475 shares. The original version of this piece can be viewed at (NASDAQ:SNI) on Friday, March 3. Clark Estates Incorporated holds 0.49% of its portfolio in Scripps Networks Interactive, Inc. (NASDAQ:SNI). Moreover, Mariner Wealth Llc has 0.02% invested in Scripps Networks Interactive, Inc. (NASDAQ:SNI) is a huge mover today! The company trades on average around 148000 shares per market session. EPS breaks down the profitability of the company on a single share basis. Private Commerce Na owns 18,217 shares. Finally, BlackRock Inc. boosted its position in shares of Scripps Networks Interactive by 4,188.7% in the first quarter. (SNI) in the open market. SNI's profit will be $226.28 million for 12.83 P/E if the $1.52 EPS becomes a reality.

In January 2014, however, the Wall Street Journal reported that Discovery and Scripps had abandoned merger talks without getting beyond an "early, exploratory stage". Citigroup downgraded Scripps Networks Interactive, Inc.

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