Economy

Discovery scores Q4 revenue growth and DOJ OK for Scripps acquisition

Its down 0.63, from 1.21 in 2017Q2. It dived, as 97 investors sold SNI shares while 186 reduced holdings. 92 funds opened positions while 72 raised stakes. Jlb And Associate Inc has 0.33% invested in Scripps Networks Interactive, Inc. (NASDAQ:SNI). Deutsche Fincl Bank Ag stated it has 604,747 shares. Kanawha Cap Mgmt Limited Liability Company accumulated 96,305 shares or 2.27% of the stock. Salient Trust Lta owns 146,845 shares or 1.37% of their U.S. portfolio. Valeo Financial Advisors LLC acquired a new position in shares of Scripps Networks Interactive in the 3rd quarter valued at $162,000. (NASDAQ:SNI) by 17.0% during the 4th quarter, HoldingsChannel reports. Bancorp Of Nova Scotia holds 16,651 shares. (NASDAQ:SNI). Sumitomo Mitsui Tru Holdg Incorporated invested in 0.03% or 244,203 shares. Natl Pension Serv invested in 1.19 million shares or 0.52% of the stock. Farr Miller & Washington Limited Liability Co Dc holds 0.03% or 3,406 shares in its portfolio. Rhumbline Advisers has 0.03% invested in Scripps Networks Interactive, Inc. (NASDAQ:SNI) for 10,102 shares. Schroder Mgmt has 0.08% invested in Scripps Networks Interactive, Inc.

Scripps Networks Interactive, Inc. develops lifestyle-oriented content in the United States, the United Kingdom and other European markets, the Middle East and Africa, the Asia-Pacific, and Latin America. Keybank National Association OH's holdings in Scripps Networks Interactive were worth $381,000 at the end of the most recent quarter. Following the sale, the director now directly owns 13,035 shares in the company, valued at approximately $1,090,247.40. The company reported $1.38 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $1.21 by $0.17, Bloomberg Earnings reports. Scripps Networks Interact In now has $11.66 billion valuation. The stock increased 1.71% or $1.51 during the last trading session, reaching $89.72. The firm owned 4,468 shares of the company's stock after selling 912 shares during the quarter. Johnson holds 0% of its portfolio in Scripps Networks Interactive, Inc. CIT Group Inc. (NYSE:CIT) has risen 46.21% since February 27, 2017 and is uptrending. It has underperformed by 6.87% the S&P500.

Ct Mason, which manages about $311.59 million and $275.34 million US Long portfolio, upped its stake in Check Point Software Technolog (NASDAQ:CHKP) by 27,009 shares to 65,516 shares, valued at $7.47 million in 2017Q3, according to the filing. The stock of Scripps Networks Interactive, Inc.

Commenting on the results, Kenneth W. Lowe, chairman, president and CEO, said, "Scripps Networks Interactive finished a pivotal 2017 year with a strong fourth quarter, executing on our strategic objectives and delivering financially with record revenue and growing segment profit". Scripps Networks Interactive, Inc. The firm has "Buy" rating given on Tuesday, February 6 by Needham.

Discovery announced in July 2017 that it had reached a definitive agreement to acquire Scripps Networks in a cash-and-stock transaction that would see the company take over Scripps' brands, including HGTV, Food Network, Travel Channel, DIY Network, Cooking Channel and Great American Country, as well as TVN, UKTV, Asian Food Channel and Fine Living Network. Therefore 86% are positive.

COPYRIGHT VIOLATION NOTICE: "Scripps Networks Interactive, Inc". Scripps Networks had 52 analyst reports since August 14, 2015 according to SRatingsIntel. (NASDAQ:MU) on Friday, October 13 with "Buy" rating. (NASDAQ:SNI) rating on Wednesday, July 20. The rating was downgraded by TheStreet to "Buy" on Tuesday, September 1. The stock of Microsoft Corporation (NASDAQ:MSFT) earned "Overweight" rating by KeyBanc Capital Markets on Thursday, February 1. The firm has "Hold" rating by Evercore given on Thursday, August 11. As per Monday, August 24, the company rating was maintained by Citigroup.

Discovery Communications (NASDAQ:DISCA) is up 1.8% in choppy trading out of the open, after posting double-digit revenue gains in each of its segments in Q4 earnings that topped Street expectations even as the company got a key merger sign-off. As per Wednesday, August 10, the company rating was maintained by Jefferies.



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