Norinchukin Bank The Has $455,000 Stake in Scripps Networks Interactive, Inc (SNI)

Norinchukin Bank The lifted its position in Scripps Networks Interactive, Inc (NASDAQ:SNI) by 7.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,655 shares of the company’s stock after purchasing an additional 448 shares during the period. Norinchukin Bank The’s holdings in Scripps Networks Interactive were worth $455,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Scripps Networks Interactive by 3.3% in the first quarter. Vanguard Group Inc. now owns 8,145,598 shares of the company’s stock worth $638,371,000 after purchasing an additional 260,963 shares in the last quarter. BlackRock Inc. increased its stake in shares of Scripps Networks Interactive by 4,188.7% in the first quarter. BlackRock Inc. now owns 7,146,555 shares of the company’s stock worth $560,078,000 after purchasing an additional 6,979,918 shares in the last quarter. State Street Corp increased its stake in shares of Scripps Networks Interactive by 1.5% in the first quarter. State Street Corp now owns 3,732,993 shares of the company’s stock worth $292,564,000 after purchasing an additional 53,491 shares in the last quarter. FMR LLC increased its stake in shares of Scripps Networks Interactive by 10.1% in the first quarter. FMR LLC now owns 2,705,277 shares of the company’s stock worth $212,012,000 after purchasing an additional 248,772 shares in the last quarter. Finally, Pioneer Investment Management Inc. increased its stake in shares of Scripps Networks Interactive by 20.9% in the second quarter. Pioneer Investment Management Inc. now owns 2,288,068 shares of the company’s stock worth $156,298,000 after purchasing an additional 396,253 shares in the last quarter. 75.85% of the stock is owned by hedge funds and other institutional investors.

SNI has been the subject of a number of analyst reports. Gabelli reissued a “buy” rating on shares of Scripps Networks Interactive in a research note on Thursday, July 27th. Zacks Investment Research raised shares of Scripps Networks Interactive from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. Citigroup Inc. raised shares of Scripps Networks Interactive from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $66.00 to $90.00 in a research note on Tuesday, August 1st. KeyCorp reissued a “hold” rating on shares of Scripps Networks Interactive in a research note on Friday, August 25th. Finally, Royal Bank Of Canada increased their price objective on shares of Scripps Networks Interactive from $76.00 to $90.00 and gave the stock an “outperform” rating in a research note on Thursday, August 17th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and three have assigned a buy rating to the company. Scripps Networks Interactive currently has an average rating of “Hold” and a consensus price target of $84.20.

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Scripps Networks Interactive, Inc (NASDAQ SNI) opened at 85.75 on Thursday. The company has a market cap of $11.13 billion, a price-to-earnings ratio of 17.70 and a beta of 1.47. The firm’s 50-day moving average is $86.14 and its 200 day moving average is $76.15. Scripps Networks Interactive, Inc has a 52-week low of $59.32 and a 52-week high of $88.45.

The firm also recently announced a quarterly dividend, which was paid on Sunday, September 10th. Stockholders of record on Thursday, August 31st were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date was Tuesday, August 29th. Scripps Networks Interactive’s payout ratio is 24.79%.

In other news, Director Jeffrey Sagansky sold 1,159 shares of the company’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $87.83, for a total transaction of $101,794.97. Following the completion of the sale, the director now owns 9,457 shares of the company’s stock, valued at $830,608.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.50% of the stock is owned by corporate insiders.

Scripps Networks Interactive Company Profile

Scripps Networks Interactive, Inc is a developer of lifestyle-oriented content, providing primarily home, food, travel and other lifestyle-related programing. The Company’s content is distributed through multiple methods, including television, the Internet, digital platforms and licensing arrangements.

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Institutional Ownership by Quarter for Scripps Networks Interactive (NASDAQ:SNI)

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