Brown Advisory Inc. reduced its stake in Scripps Networks Interactive, Inc (NASDAQ:SNI) by 87.1% during the third quarter, according to its most recent filing with the SEC. The fund owned 25,671 shares of the company’s stock after selling 173,455 shares during the quarter. Brown Advisory Inc.’s holdings in Scripps Networks Interactive were worth $2,205,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of SNI. Alliancebernstein L.P. boosted its holdings in shares of Scripps Networks Interactive by 1,107.7% in the 2nd quarter. Alliancebernstein L.P. now owns 2,084,212 shares of the company’s stock worth $142,373,000 after buying an additional 1,911,635 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Scripps Networks Interactive by 18.3% in the 2nd quarter. BlackRock Inc. now owns 8,455,399 shares of the company’s stock worth $577,591,000 after buying an additional 1,308,844 shares during the last quarter. Cheyne Capital Management UK LLP purchased a new position in shares of Scripps Networks Interactive in the 3rd quarter worth about $1,796,000. Renaissance Technologies LLC boosted its holdings in shares of Scripps Networks Interactive by 312.1% in the 2nd quarter. Renaissance Technologies LLC now owns 1,293,300 shares of the company’s stock worth $88,345,000 after buying an additional 979,500 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Scripps Networks Interactive by 319.1% during the second quarter. JPMorgan Chase & Co. now owns 1,224,046 shares of the company’s stock valued at $83,614,000 after purchasing an additional 931,958 shares during the last quarter. 60.95% of the stock is currently owned by institutional investors.
Shares of Scripps Networks Interactive, Inc (NASDAQ:SNI) opened at $81.51 on Thursday. Scripps Networks Interactive, Inc has a 52-week low of $64.87 and a 52-week high of $88.45. The firm has a market capitalization of $10,650.43, a PE ratio of 15.21, a PEG ratio of 2.07 and a beta of 1.45. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.90.
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, December 10th. Investors of record on Thursday, November 30th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend is Wednesday, November 29th. Scripps Networks Interactive’s dividend payout ratio (DPR) is 12.85%.
Several research firms have commented on SNI. KeyCorp reaffirmed a “hold” rating on shares of Scripps Networks Interactive in a report on Friday, August 25th. BidaskClub downgraded shares of Scripps Networks Interactive from a “hold” rating to a “sell” rating in a report on Friday, October 6th. Royal Bank Of Canada upped their price objective on shares of Scripps Networks Interactive from $76.00 to $90.00 and gave the company an “outperform” rating in a report on Thursday, August 17th. Morgan Stanley upped their price target on Scripps Networks Interactive from $82.00 to $90.00 and gave the company an “equal weight” rating in a research report on Thursday, August 24th. Finally, Sanford C. Bernstein reiterated a “market perform” rating on shares of Scripps Networks Interactive in a research report on Tuesday, September 12th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $85.62.
In related news, Director Jeffrey Sagansky sold 1,077 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $79.61, for a total value of $85,739.97. Following the transaction, the director now directly owns 7,520 shares in the company, valued at $598,667.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.50% of the stock is currently owned by corporate insiders.
Scripps Networks Interactive 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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