YY Inc. (YY) Reaches $135.23 52-Week High; Lord Abbett & Company Lowered Scripps Networks Interact In Cl A Com (SNI) Stake By $7.58 Million

January 14, 2018 - By Adrian Mccoy

Lord Abbett & Company decreased Scripps Networks Interact In Cl A Com (SNI) stake by 69.15% reported in 2017Q3 SEC filing. Lord Abbett & Company sold 89,208 shares as Scripps Networks Interact In Cl A Com (SNI)’s stock declined 10.51%. The Lord Abbett & Company holds 39,805 shares with $3.42M value, down from 129,013 last quarter. Scripps Networks Interact In Cl A Com now has $11.42 billion valuation. The stock increased 0.22% or $0.19 during the last trading session, reaching $87.87. About 528,248 shares traded. Scripps Networks Interactive, Inc. (NYSE:SNI) has risen 9.83% since January 14, 2017 and is uptrending. It has underperformed by 6.87% the S&P500.

The stock of YY Inc. (NASDAQ:YY) hit a new 52-week high and has $143.34 target or 6.00% above today’s $135.23 share price. The 7 months bullish chart indicates low risk for the $8.53 billion company. The 1-year high was reported on Jan, 14 by Barchart.com. If the $143.34 price target is reached, the company will be worth $511.50 million more. The stock increased 5.95% or $7.59 during the last trading session, reaching $135.23. About 1.77M shares traded or 26.61% up from the average. YY Inc. (NASDAQ:YY) has risen 20.20% since January 14, 2017 and is uptrending. It has outperformed by 3.50% the S&P500.

Investors sentiment decreased to 0.58 in 2017 Q3. Its down 0.63, from 1.21 in 2017Q2. It is negative, as 97 investors sold SNI shares while 186 reduced holdings. 92 funds opened positions while 72 raised stakes. 74.60 million shares or 21.30% less from 94.78 million shares in 2017Q2 were reported. Mason Street Advisors Lc reported 13,321 shares. Voloridge Management Lc reported 0.2% in Scripps Networks Interactive, Inc. (NASDAQ:SNI). The Ohio-based James Invest Inc has invested 0.06% in Scripps Networks Interactive, Inc. (NASDAQ:SNI). Zeke Advsr Ltd Liability accumulated 4,489 shares. Oakbrook Investments Lc reported 3,950 shares or 0.02% of all its holdings. Kbc Group Nv accumulated 10,492 shares. South Dakota Invest Council reported 9,700 shares. Foster & Motley stated it has 0.24% of its portfolio in Scripps Networks Interactive, Inc. (NASDAQ:SNI). York Cap Management Advsr Limited Com stated it has 0.66% of its portfolio in Scripps Networks Interactive, Inc. (NASDAQ:SNI). Pacad Investment Ltd has 0.15% invested in Scripps Networks Interactive, Inc. (NASDAQ:SNI) for 7,900 shares. 132,604 are owned by Prudential Financial Inc. North Star Investment Management owns 60 shares for 0% of their portfolio. The New York-based Tiaa Cref Investment Management Limited Liability Company has invested 0.06% in Scripps Networks Interactive, Inc. (NASDAQ:SNI). Sei Invs accumulated 0% or 3,014 shares. Blackrock reported 0.02% in Scripps Networks Interactive, Inc. (NASDAQ:SNI).

Among 19 analysts covering Scripps Networks (NYSE:SNI), 4 have Buy rating, 2 Sell and 13 Hold. Therefore 21% are positive. Scripps Networks had 51 analyst reports since August 14, 2015 according to SRatingsIntel. Morgan Stanley maintained the shares of SNI in report on Thursday, August 24 with “Equal-Weight” rating. As per Wednesday, September 6, the company rating was maintained by Cowen & Co. The stock of Scripps Networks Interactive, Inc. (NASDAQ:SNI) earned “Neutral” rating by M Partners on Friday, May 6. The rating was maintained by RBC Capital Markets on Monday, November 30 with “Sector Perform”. As per Monday, October 16, the company rating was maintained by KeyBanc Capital Markets. As per Wednesday, October 11, the company rating was maintained by Needham. RBC Capital Markets maintained it with “Hold” rating and $90.0 target in Thursday, October 19 report. As per Tuesday, April 26, the company rating was initiated by Macquarie Research. JP Morgan upgraded Scripps Networks Interactive, Inc. (NASDAQ:SNI) rating on Friday, May 5. JP Morgan has “Overweight” rating and $83 target. The stock of Scripps Networks Interactive, Inc. (NASDAQ:SNI) has “Buy” rating given on Tuesday, September 1 by TheStreet.

Since August 8, 2017, it had 0 buys, and 1 insider sale for $101,795 activity. $101,795 worth of stock was sold by SAGANSKY JEFFREY on Tuesday, August 8.

Analysts await Scripps Networks Interactive, Inc. (NASDAQ:SNI) to report earnings on February, 20. They expect $1.25 EPS, up 22.55% or $0.23 from last year’s $1.02 per share. SNI’s profit will be $162.40M for 17.57 P/E if the $1.25 EPS becomes a reality. After $1.05 actual EPS reported by Scripps Networks Interactive, Inc. for the previous quarter, Wall Street now forecasts 19.05% EPS growth.

Lord Abbett & Company increased Astoria Finl Corp Com (NYSE:AF) stake by 722,700 shares to 1.72 million valued at $36.88 million in 2017Q3. It also upped Firstenergy Corp Com (NYSE:FE) stake by 1.52M shares and now owns 1.69M shares. Tower Semiconductor Ltd Shs New (NASDAQ:TSEM) was raised too.

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