Discovery, Scripps Shares Rise Following Report on Merger Talks

Jon Howard
July 21, 2017

Elm Ltd has 4,118 shares. The negative sentiment surrounding the stock can be gauged from the fact that the Zacks Consensus Estimate for the quarter has moved down 1.93% in the last month to $1.52 per share. Old Mutual Customised Solutions (Proprietary) Ltd owns 2,100 shares for 0.03% of their portfolio. Legal And General Public Limited holds 0.02% or 339,576 shares. National Bank Of Nova Scotia invested in 67,900 shares. The company also recently announced a dividend that was paid on Saturday the 10th of June 2017. 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. More interesting news about Scripps Networks Interactive, Inc. The company was upgraded on Friday, May 5 by JP Morgan. The company was maintained on Thursday, July 6 by Stifel Nicolaus. $353,621 worth of Scripps Networks Interactive, Inc. As per Monday, April 18, the company rating was maintained by Citigroup. The rating was maintained by Barclays Capital with "Equalweight" on Wednesday, July 27. Following the completion of the sale, the insider now owns 10,013 shares in the company, valued at approximately $711,023.13. It also reduced Ensco Pl (NYSE:ESV) stake by 326,879 shares and now owns 340,192 shares.

There are 2 sell ratings, 7 hold ratings, 4 buy ratings on the stock. Therefore 31% are positive.

"The pressures on the traditional cable network ecosystem are acute enough - and valuations are low enough - that we can see merits to this potential combination", Jason Bazinet, an analyst at Citigroup Inc., said in a note Wednesday. The rating was maintained by RBC Capital Markets on Friday, January 29 with "Outperform".

Discovery Communications and Scripps Networks in Talks to Combine

Analyst rating about Scripps Networks Interactive, Inc. The firm earned "Neutral" rating on Monday, August 24 by Citigroup. As per Monday, October 5, the company rating was downgraded by Goldman Sachs. 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. (NASDAQ:SNI). Silvercrest Asset Gp Ltd Liability Corporation accumulated 0.18% or 221,316 shares. Its down 0.13, from 1.11 in 2016Q3. Avalon Advisors Ltd Company has 33,190 shares for 0.09% of their portfolio. The original version of this story can be accessed at https://transcriptdaily.com/2017/07/20/capstone-asset-management-co-sells-402-shares-of-scripps-networks-interactive-inc-nasdaqsni.html. Delphi Mngmt Inc Ma reported 17,538 shares. Stephens Incorporated Ar has invested 0.2% in Scripps Networks Interactive, Inc. 14,202 were reported by Tcw. Gam Holding Ag stated it has 13,442 shares or 0.02% of all its holdings. Assetmark reported 2,475 shares.

Scripps (SNI) rose more than 15% in early trading to $77.56. (SNI)'s shares projecting a $75.71 target price.

Scripps Networks Interactive (NASDAQ SNI) opened at 76.89 on Thursday. (NASDAQ:SNI) for 343,436 shares. Finally, Aviva PLC raised its stake in Scripps Networks Interactive by 5.2% in the fourth quarter. (NASDAQ:ADES) to report earnings on August, 8.

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