What Does the Smart Money Think of These Media Stocks Goldman Just Downgraded?

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Follow Scripps Networks Interactive Inc. (NYSE:SNI)

In contrast to Goldman, hedge funds are optimistic on Scripps Networks Interactive, Inc. (NYSE:SNI). According to our data, the number of funds long the company increased to 31 at the end of June from 27 at the end of March, although the total value of their holdings in the stock declined to $1.35 billion (representing 16% of the float) from $1.42 billion. Mason Hawkins‘ Southeastern Asset Management increased its position by 7% to 13.25 million shares, while Jim Simons’ Renaissance Technologies raised its stake by 38% to 1.04 million shares. David Harding’s Winton Capital Management upped its stake by 12% to 933,684 shares as well.

Disclosure: None

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