As Scripps Networks Interactive (SNI) Share Value Declined, Grimes & Company Cut by $747,745 Its Holding; Force Capital Management Stake in Apple (AAPL) Has Upped as Share Price Rose

February 15, 2018 - By Linda Rogers

Robert Jaffe increased its stake in Apple Inc (AAPL) by 62.79% based on its latest 2017Q3 regulatory filing with the SEC. Force Capital Management Llc bought 10,200 shares as the company’s stock rose 12.78% with the market. The hedge fund run by Robert Jaffe held 26,445 shares of the computer manufacturing company at the end of 2017Q3, valued at $4.08M, up from 16,245 at the end of the previous reported quarter. Force Capital Management Llc who had been investing in Apple Inc for a number of months, seems to be bullish on the $869.38 billion market cap company. The stock increased 2.37% or $3.97 during the last trading session, reaching $171.34. About 16.44 million shares traded. Apple Inc. (NASDAQ:AAPL) has risen 62.48% since February 15, 2017 and is uptrending. It has outperformed by 45.78% the S&P500.

Grimes & Company Inc decreased its stake in Scripps Networks Interactive (SNI) by 12.23% based on its latest 2017Q3 regulatory filing with the SEC. Grimes & Company Inc sold 8,797 shares as the company’s stock declined 10.51% while stock markets rallied. The institutional investor held 63,124 shares of the consumer services company at the end of 2017Q3, valued at $5.42 million, down from 71,921 at the end of the previous reported quarter. Grimes & Company Inc who had been investing in Scripps Networks Interactive for a number of months, seems to be less bullish one the $11.40B market cap company. The stock increased 0.23% or $0.2 during the last trading session, reaching $87.78. About 158,463 shares traded. Scripps Networks Interactive, Inc. (NYSE:SNI) has risen 9.83% since February 15, 2017 and is uptrending. It has underperformed by 6.87% the S&P500.

Among 53 analysts covering Apple Inc. (NASDAQ:AAPL), 35 have Buy rating, 1 Sell and 17 Hold. Therefore 66% are positive. Apple Inc. had 377 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Apple Inc. (NASDAQ:AAPL) has “Buy” rating given on Wednesday, July 27 by Drexel Hamilton. The stock has “Buy” rating by Drexel Hamilton on Tuesday, September 19. On Wednesday, October 12 the stock rating was maintained by Goldman Sachs with “Buy”. The firm has “Buy” rating given on Monday, July 24 by Loop Capital Markets. The firm has “Buy” rating given on Tuesday, September 22 by Goldman Sachs. The firm has “Buy” rating by Nomura given on Wednesday, September 6. As per Wednesday, January 17, the company rating was maintained by Bank of America. Barclays Capital maintained Apple Inc. (NASDAQ:AAPL) on Wednesday, October 28 with “Overweight” rating. The firm has “Outperform” rating given on Thursday, December 17 by RBC Capital Markets. Deutsche Bank maintained Apple Inc. (NASDAQ:AAPL) rating on Wednesday, August 2. Deutsche Bank has “Hold” rating and $140 target.

Since August 15, 2017, it had 0 insider buys, and 7 insider sales for $70.47 million activity. The insider Riccio Daniel J. sold 15,641 shares worth $2.65 million. KONDO CHRIS had sold 6,209 shares worth $1.01 million. 63,388 Apple Inc. (NASDAQ:AAPL) shares with value of $9.78 million were sold by AHRENDTS ANGELA J. $8.79M worth of stock was sold by SCHILLER PHILIP W on Tuesday, October 3. Shares for $43.15M were sold by COOK TIMOTHY D on Thursday, August 24.

Investors sentiment increased to 0.7 in 2017 Q3. Its up 0.02, from 0.68 in 2017Q2. It is positive, as 52 investors sold AAPL shares while 1034 reduced holdings. 116 funds opened positions while 640 raised stakes. 2.97 billion shares or 2.78% less from 3.06 billion shares in 2017Q2 were reported. Sls Mgmt Limited Liability Company reported 19,050 shares. Parsons Capital Ri stated it has 6.39% of its portfolio in Apple Inc. (NASDAQ:AAPL). Mngmt Associate invested 1.91% of its portfolio in Apple Inc. (NASDAQ:AAPL). Natixis invested in 2.13% or 1.50 million shares. Trb Advisors Ltd Partnership invested 10.27% in Apple Inc. (NASDAQ:AAPL). Diligent Invsts Limited Liability Corporation holds 3.18% of its portfolio in Apple Inc. (NASDAQ:AAPL) for 28,203 shares. Pekin Singer Strauss Asset Il holds 0.98% of its portfolio in Apple Inc. (NASDAQ:AAPL) for 33,818 shares. Glynn Cap Management Ltd Liability Corp invested 0.33% of its portfolio in Apple Inc. (NASDAQ:AAPL). Virginia-based Union State Bank Corporation has invested 2.57% in Apple Inc. (NASDAQ:AAPL). Glob X Mgmt Co Ltd owns 0.15% invested in Apple Inc. (NASDAQ:AAPL) for 35,901 shares. Swarthmore Gp Inc holds 2.06% of its portfolio in Apple Inc. (NASDAQ:AAPL) for 58,425 shares. Polaris Greystone Fin Grp Limited Liability reported 29,279 shares stake. Commerzbank Aktiengesellschaft Fi stated it has 3.01% of its portfolio in Apple Inc. (NASDAQ:AAPL). Peak6 Invs L P, Illinois-based fund reported 449,145 shares. Utd Securities (D B A Uas Asset Management) stated it has 0.38% in Apple Inc. (NASDAQ:AAPL).

Among 19 analysts covering Scripps Networks (NYSE:SNI), 4 have Buy rating, 2 Sell and 13 Hold. Therefore 21% are positive. Scripps Networks had 52 analyst reports since August 14, 2015 according to SRatingsIntel. JP Morgan upgraded it to “Overweight” rating and $83 target in Friday, May 5 report. Cowen & Co maintained the shares of SNI in report on Wednesday, August 2 with “Hold” rating. The company was maintained on Monday, November 30 by RBC Capital Markets. The company was maintained on Friday, May 6 by M Partners. As per Monday, July 31, the company rating was downgraded by Needham. As per Monday, October 5, the company rating was downgraded by Goldman Sachs. The rating was downgraded by Argus Research to “Hold” on Tuesday, August 1. The firm has “Hold” rating given on Monday, September 18 by RBC Capital Markets. The stock of Scripps Networks Interactive, Inc. (NASDAQ:SNI) earned “Hold” rating by Cowen & Co on Wednesday, September 6. The firm has “Sell” rating given on Wednesday, May 18 by Citigroup.

Investors sentiment decreased to 0.58 in Q3 2017. Its down 0.63, from 1.21 in 2017Q2. It dropped, 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. Kbc Grp Nv has invested 0.01% of its portfolio in Scripps Networks Interactive, Inc. (NASDAQ:SNI). Westport Asset owns 10,000 shares. Macquarie Group Ltd has 0% invested in Scripps Networks Interactive, Inc. (NASDAQ:SNI) for 28,687 shares. Silvercrest Asset Mgmt Grp Ltd Llc stated it has 22,904 shares or 0.02% of all its holdings. Murphy Pohlad Asset Mngmt Ltd Llc holds 2.03% or 33,920 shares in its portfolio. Hikari Power Ltd accumulated 2,510 shares. United Service Automobile Association reported 0.02% stake. Riverhead Cap Mngmt Ltd Company invested in 0% or 217 shares. Gateway Inv Advisers Limited Liability Company invested in 0.01% or 7,094 shares. Brandywine Glob Investment Mgmt Ltd Co reported 69,846 shares. Voloridge Inv Mngmt Limited has 102,296 shares for 0.2% of their portfolio. Capital Fund Mgmt reported 72,151 shares. Hsbc Holdings Public Limited Liability Company holds 0.02% of its portfolio in Scripps Networks Interactive, Inc. (NASDAQ:SNI) for 167,095 shares. Banque Pictet Cie Sa holds 88,298 shares or 0.17% of its portfolio. Guggenheim Capital Ltd Llc stated it has 774,773 shares.

Grimes & Company Inc, which manages about $1.63B and $940.51M US Long portfolio, upped its stake in Ishares Dow Jones Us Industria (IYJ) by 11,249 shares to 117,844 shares, valued at $16.33M in 2017Q3, according to the filing. It also increased its holding in Spdr Nuveen S&P High Yield Mun (HYMB) by 46,528 shares in the quarter, for a total of 549,452 shares, and has risen its stake in Powershares Bank Loan Etf (BKLN).

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 17.56 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.

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By1 Linda Rogers

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