Traders Sell Shares of Scripps Networks Interactive (SNI) on Strength (SNI)

Investors sold shares of Scripps Networks Interactive, Inc. (NASDAQ:SNI) on strength during trading hours on Tuesday. $4.03 million flowed into the stock on the tick-up and $24.59 million flowed out of the stock on the tick-down, for a money net flow of $20.56 million out of the stock. Of all equities tracked, Scripps Networks Interactive had the 0th highest net out-flow for the day. Scripps Networks Interactive traded up $0.33 for the day and closed at $85.68

A number of brokerages have recently weighed in on SNI. Sanford C. Bernstein reissued a “market perform” rating on shares of Scripps Networks Interactive in a research report on Tuesday, September 12th. Cowen reissued a “hold” rating and set a $90.00 price target on shares of Scripps Networks Interactive in a research report on Friday, September 8th. BidaskClub cut shares of Scripps Networks Interactive from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 12th. Finally, Royal Bank of Canada reissued a “hold” rating and set a $90.00 price target on shares of Scripps Networks Interactive in a research report on Wednesday, September 20th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and three have assigned a buy rating to the company. Scripps Networks Interactive currently has an average rating of “Hold” and an average target price of $85.62.

The firm has a market cap of $11,080.00, a P/E ratio of 18.29, a price-to-earnings-growth ratio of 2.16 and a beta of 1.45. The company has a debt-to-equity ratio of 0.90, a current ratio of 3.19 and a quick ratio of 3.19.

Scripps Networks Interactive (NASDAQ:SNI) last announced its quarterly earnings results on Wednesday, November 1st. The company reported $1.05 EPS for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.09. Scripps Networks Interactive had a net margin of 17.46% and a return on equity of 27.04%. The business had revenue of $825.53 million for the quarter, compared to analyst estimates of $838.63 million. During the same quarter in the prior year, the business earned $1.26 EPS. sell-side analysts expect that Scripps Networks Interactive, Inc. will post 5.53 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, December 10th. Shareholders of record on Thursday, November 30th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend was Wednesday, November 29th. Scripps Networks Interactive’s dividend payout ratio is currently 12.88%.

In other 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 transaction of $85,739.97. Following the completion of the sale, the director now owns 7,520 shares of the company’s stock, valued at approximately $598,667.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Michael R. Costa sold 18,955 shares of the company’s stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $83.64, for a total transaction of $1,585,396.20. Following the sale, the director now directly owns 13,035 shares of the company’s stock, valued at approximately $1,090,247.40. The disclosure for this sale can be found here. Insiders own 2.50% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Scripps Networks Interactive by 6.7% in the 2nd quarter. Vanguard Group Inc. now owns 8,688,173 shares of the company’s stock valued at $593,489,000 after acquiring an additional 542,575 shares during the period. BlackRock Inc. increased its position in Scripps Networks Interactive by 18.3% in the 2nd quarter. BlackRock Inc. now owns 8,455,399 shares of the company’s stock valued at $577,591,000 after acquiring an additional 1,308,844 shares during the period. State Street Corp increased its position in Scripps Networks Interactive by 0.5% in the 2nd quarter. State Street Corp now owns 3,749,940 shares of the company’s stock valued at $256,149,000 after acquiring an additional 16,947 shares during the period. Pentwater Capital Management LP acquired a new position in Scripps Networks Interactive in the 3rd quarter valued at approximately $310,922,000. Finally, FMR LLC increased its position in Scripps Networks Interactive by 24.6% in the 2nd quarter. FMR LLC now owns 3,371,082 shares of the company’s stock valued at $230,278,000 after acquiring an additional 665,805 shares during the period. Institutional investors and hedge funds own 60.86% of the company’s stock.

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About Scripps Networks Interactive

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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