BNP Paribas Arbitrage SA boosted its stake in shares of Scripps Networks Interactive, Inc (NASDAQ:SNI) by 2.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 153,919 shares of the company’s stock after acquiring an additional 3,339 shares during the quarter. BNP Paribas Arbitrage SA owned 0.12% of Scripps Networks Interactive worth $13,220,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in SNI. YorkBridge Wealth Partners LLC raised its stake in Scripps Networks Interactive by 14.2% during the second quarter. YorkBridge Wealth Partners LLC now owns 1,552 shares of the company’s stock worth $106,000 after acquiring an additional 193 shares in the last quarter. Mountain Capital Investment Advisors Inc bought a new stake in shares of Scripps Networks Interactive during the second quarter worth $126,000. Federated Investors Inc. PA grew its holdings in shares of Scripps Networks Interactive by 48.4% during the second quarter. Federated Investors Inc. PA now owns 2,378 shares of the company’s stock worth $163,000 after purchasing an additional 776 shares during the last quarter. Bronfman E.L. Rothschild L.P. grew its holdings in shares of Scripps Networks Interactive by 1.1% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,954 shares of the company’s stock worth $202,000 after purchasing an additional 32 shares during the last quarter. Finally, Eagle Global Advisors LLC bought a new stake in shares of Scripps Networks Interactive during the second quarter worth $208,000. Hedge funds and other institutional investors own 72.52% of the company’s stock.
In related news, Director Jeffrey Sagansky sold 1,077 shares of the firm’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $79.61, for a total value of $85,739.97. Following the transaction, the director now owns 7,520 shares in the company, valued at $598,667.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.50% of the stock is owned by company insiders.
Several analysts have recently commented on the company. Citigroup Inc. upgraded Scripps Networks Interactive from a “sell” rating to a “neutral” rating and increased their target price for the stock from $66.00 to $90.00 in a report on Tuesday, August 1st. Royal Bank Of Canada increased their target price on Scripps Networks Interactive from $76.00 to $90.00 and gave the stock an “outperform” rating in a report on Thursday, August 17th. Argus cut Scripps Networks Interactive from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. UBS AG restated a “neutral” rating and set a $90.00 target price (up previously from $83.00) on shares of Scripps Networks Interactive in a report on Tuesday, August 1st. Finally, Needham & Company LLC cut Scripps Networks Interactive from a “buy” rating to a “hold” rating in a report on Monday, July 31st. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $85.62.
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Scripps Networks Interactive, Inc (NASDAQ SNI) opened at $78.88 on Tuesday. The stock has a market capitalization of $10,240.00, a PE ratio of 14.69, a P/E/G ratio of 2.00 and a beta of 1.47. Scripps Networks Interactive, Inc has a 1-year low of $64.87 and a 1-year high of $88.45. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.90.
Scripps Networks Interactive (NASDAQ:SNI) last posted its quarterly earnings results on Wednesday, November 1st. The company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.09. The business had revenue of $825.53 million for the quarter, compared to analysts’ expectations of $838.63 million. Scripps Networks Interactive had a return on equity of 27.04% and a net margin of 17.46%. During the same quarter last year, the business earned $1.26 earnings per share. equities analysts forecast that Scripps Networks Interactive, Inc will post 5.53 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Sunday, December 10th. Investors of record on Thursday, November 30th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.52%. The ex-dividend date is Wednesday, November 29th. Scripps Networks Interactive’s dividend payout ratio is 18.20%.
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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