2,796 Shares in Scripps Networks Interactive, Inc. (SNI) Acquired by First Republic Investment Management Inc.

First Republic Investment Management Inc. acquired a new stake in shares of Scripps Networks Interactive, Inc. (NASDAQ:SNI) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,796 shares of the company’s stock, valued at approximately $240,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Amalgamated Bank increased its holdings in shares of Scripps Networks Interactive by 56.5% during the second quarter. Amalgamated Bank now owns 10,074 shares of the company’s stock valued at $688,000 after acquiring an additional 3,638 shares in the last quarter. P Schoenfeld Asset Management LP bought a new stake in Scripps Networks Interactive during the third quarter worth $12,884,000. Schwab Charles Investment Management Inc. grew its holdings in Scripps Networks Interactive by 17.1% during the second quarter. Schwab Charles Investment Management Inc. now owns 500,910 shares of the company’s stock worth $34,218,000 after buying an additional 73,006 shares in the last quarter. Swiss National Bank grew its holdings in Scripps Networks Interactive by 9.1% during the second quarter. Swiss National Bank now owns 312,861 shares of the company’s stock worth $21,372,000 after buying an additional 26,000 shares in the last quarter. Finally, Alliancebernstein L.P. grew its holdings in Scripps Networks Interactive by 1,107.7% during the second 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 in the last quarter. Hedge funds and other institutional investors own 60.95% of the company’s stock.

SNI has been the subject of several recent research reports. KeyCorp reiterated a “hold” rating on shares of Scripps Networks Interactive in a report on Friday, August 25th. BidaskClub downgraded Scripps Networks Interactive from a “sell” rating to a “strong sell” rating in a report on Friday, October 13th. Royal Bank of Canada set a $90.00 price target on Scripps Networks Interactive and gave the stock a “hold” rating in a report on Friday, October 20th. Sanford C. Bernstein reiterated a “market perform” rating on shares of Scripps Networks Interactive in a report on Tuesday, September 12th. Finally, Morgan Stanley upped their price target on Scripps Networks Interactive from $82.00 to $90.00 and gave the stock an “equal weight” rating in a report on Thursday, August 24th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $85.62.

Scripps Networks Interactive, Inc. (NASDAQ:SNI) opened at $83.39 on Tuesday. The stock has a market capitalization of $10,810.23, a price-to-earnings ratio of 15.44, a price-to-earnings-growth ratio of 2.11 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, Inc. has a 12 month low of $64.87 and a 12 month high of $88.45.

Scripps Networks Interactive (NASDAQ:SNI) last announced its quarterly earnings data on Wednesday, November 1st. The company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.09. The firm had revenue of $825.53 million during the quarter, compared to the consensus estimate 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 in the prior year, the company earned $1.26 EPS. equities research 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 paid a $0.30 dividend. The ex-dividend date was Wednesday, November 29th. This represents a $1.20 dividend on an annualized basis and a yield of 1.44%. Scripps Networks Interactive’s dividend payout ratio (DPR) is presently 12.85%.

In other Scripps Networks Interactive news, Director Jeffrey Sagansky sold 1,077 shares of the company’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $79.61, for a total value of $85,739.97. Following the completion of the transaction, the director now owns 7,520 shares in the company, valued at approximately $598,667.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.50% of the stock is owned by corporate insiders.

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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.

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

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