Advisors Capital Management Increased Its Masco (MAS) Stake; First Manhattan Company Has Decreased Its Scripps Networks (SNI) Holding

December 7, 2017 - By Richard Conner

First Manhattan Company decreased Scripps Networks (SNI) stake by 61.77% reported in 2017Q2 SEC filing. First Manhattan Company sold 68,475 shares as Scripps Networks (SNI)’s stock declined 10.51%. The First Manhattan Company holds 42,375 shares with $2.89M value, down from 110,850 last quarter. Scripps Networks now has $10.59B valuation. The stock increased 0.02% or $0.02 during the last trading session, reaching $81.53. About 123 shares traded. Scripps Networks Interactive, Inc. (NYSE:SNI) has risen 9.83% since December 7, 2016 and is uptrending. It has underperformed by 6.87% the S&P500.

Advisors Capital Management Llc increased Masco Corp (MAS) stake by 2767.94% reported in 2017Q2 SEC filing. Advisors Capital Management Llc acquired 175,017 shares as Masco Corp (MAS)’s stock rose 10.38%. The Advisors Capital Management Llc holds 181,340 shares with $6.93M value, up from 6,323 last quarter. Masco Corp now has $13.28 billion valuation. The stock increased 0.19% or $0.08 during the last trading session, reaching $42.23. About 83,340 shares traded. Masco Corporation (NYSE:MAS) has risen 18.02% since December 7, 2016 and is uptrending. It has outperformed by 1.32% the S&P500.

Investors sentiment decreased to 1.21 in 2017 Q2. Its down 0.09, from 1.3 in 2017Q1. It is negative, as 58 investors sold SNI shares while 132 reduced holdings. 54 funds opened positions while 175 raised stakes. 94.78 million shares or 9.39% more from 86.65 million shares in 2017Q1 were reported. Wesbanco Bank & Trust Incorporated holds 87,100 shares or 0.32% of its portfolio. Principal Fincl Gru Inc owns 454,452 shares for 0.03% of their portfolio. Voloridge Mgmt Ltd invested in 205,204 shares. Voya Ltd holds 0.01% or 57,626 shares. Northwest Counselors Limited has 27,101 shares for 0.84% of their portfolio. First Mercantile Co reported 0.07% stake. Citigroup Incorporated reported 17,026 shares. Old Second Bancshares Of Aurora invested in 0.89% or 30,344 shares. Korea Investment Corp invested in 79,300 shares or 0.03% of the stock. Stephens Incorporated Ar stated it has 0.18% of its portfolio in Scripps Networks Interactive, Inc. (NASDAQ:SNI). State Treasurer State Of Michigan holds 31,523 shares. 7,557 are held by Ifrah Fin Svcs Inc. City Tru Fl invested 0.63% in Scripps Networks Interactive, Inc. (NASDAQ:SNI). Bessemer Group Inc Inc has invested 0% in Scripps Networks Interactive, Inc. (NASDAQ:SNI). 13,367 were accumulated by Etrade Cap Mngmt Lc.

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. The stock has “Hold” rating by Jefferies on Thursday, June 1. Evercore downgraded Scripps Networks Interactive, Inc. (NASDAQ:SNI) on Thursday, August 11 to “Hold” rating. The stock has “Neutral” rating by Citigroup on Friday, August 14. On Tuesday, June 6 the stock rating was maintained by RBC Capital Markets with “Hold”. As per Monday, August 24, the company rating was maintained by Citigroup. RBC Capital Markets maintained Scripps Networks Interactive, Inc. (NASDAQ:SNI) on Tuesday, August 8 with “Hold” rating. The rating was downgraded by Needham on Monday, July 31 to “Hold”. As per Monday, January 9, the company rating was maintained by Needham. Bank of America downgraded the stock to “Underperform” rating in Thursday, October 27 report. The stock of Scripps Networks Interactive, Inc. (NASDAQ:SNI) has “Outperform” rating given on Friday, November 13 by CLSA.

Analysts await Scripps Networks Interactive, Inc. (NASDAQ:SNI) to report earnings on February, 20. They expect $1.25 earnings per share, up 22.55% or $0.23 from last year’s $1.02 per share. SNI’s profit will be $162.39 million for 16.31 P/E if the $1.25 EPS becomes a reality. After $1.05 actual earnings per share reported by Scripps Networks Interactive, Inc. for the previous quarter, Wall Street now forecasts 19.05% EPS growth.

First Manhattan Company increased Parke Bancorp Inc (NASDAQ:PKBK) stake by 15,216 shares to 29,876 valued at $669,000 in 2017Q2. It also upped Lamar Advertising (NASDAQ:LAMR) stake by 14,827 shares and now owns 33,921 shares. Safety Ins Group Inc (NASDAQ:SAFT) was raised too.

Among 22 analysts covering Masco (NYSE:MAS), 15 have Buy rating, 0 Sell and 7 Hold. Therefore 68% are positive. Masco had 53 analyst reports since July 28, 2015 according to SRatingsIntel. The rating was maintained by KeyBanc Capital Markets on Tuesday, August 22 with “Hold”. On Friday, December 16 the stock rating was maintained by Macquarie Research with “Outperform”. Argus Research maintained Masco Corporation (NYSE:MAS) rating on Thursday, October 26. Argus Research has “Buy” rating and $46 target. The stock has “Overweight” rating by Barclays Capital on Friday, July 28. The stock has “Market Perform” rating by Raymond James on Wednesday, October 25. The firm has “Buy” rating given on Wednesday, May 31 by Jefferies. As per Friday, January 15, the company rating was upgraded by UBS. Citigroup maintained the stock with “Neutral” rating in Wednesday, October 25 report. KeyBanc Capital Markets maintained the shares of MAS in report on Tuesday, September 26 with “Hold” rating. Robert W. Baird maintained Masco Corporation (NYSE:MAS) on Friday, September 29 with “Buy” rating.

Investors sentiment increased to 1.06 in 2017 Q2. Its up 0.21, from 0.85 in 2017Q1. It increased, as 43 investors sold MAS shares while 185 reduced holdings. 81 funds opened positions while 160 raised stakes. 275.10 million shares or 0.29% more from 274.32 million shares in 2017Q1 were reported. 70,407 were accumulated by Hartford Invest Management. Ameriprise Financial reported 285,903 shares. Spirit Of America Mngmt Ny owns 7,500 shares. Aqr Cap Mgmt Llc reported 1.22 million shares. Pictet Asset Management holds 0.36% or 3.11 million shares in its portfolio. Personal Capital Advisors Corporation invested in 221,803 shares or 0.19% of the stock. Bokf Na has invested 0.08% of its portfolio in Masco Corporation (NYSE:MAS). Chesapeake Asset Mngmt Limited Liability Com has 1.82% invested in Masco Corporation (NYSE:MAS). Boothbay Fund Management Limited Liability Company accumulated 12,800 shares. 942,543 were accumulated by Sumitomo Mitsui Trust. Private Advisor Gru Limited holds 0.01% or 6,527 shares in its portfolio. Bluecrest Mgmt Limited stated it has 0.03% in Masco Corporation (NYSE:MAS). Cetera Limited Liability Corporation reported 5,411 shares. Citadel Advsr Limited Co reported 2.59 million shares. Sigma Planning, Michigan-based fund reported 6,952 shares.

Since June 15, 2017, it had 0 insider buys, and 1 sale for $171,774 activity. Straber Renee sold $171,774 worth of stock.

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By1 Richard Conner




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