Goldman Sachs Group Inc. lowered its holdings in shares of Scripps Networks Interactive, Inc. (NASDAQ:SNI) by 19.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,108,756 shares of the company’s stock after selling 764,491 shares during the period. Goldman Sachs Group Inc.’s holdings in Scripps Networks Interactive were worth $265,426,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Fuller & Thaler Asset Management Inc. bought a new position in shares of Scripps Networks Interactive in the fourth quarter worth approximately $111,000. Financial Gravity Companies Inc. bought a new position in shares of Scripps Networks Interactive in the fourth quarter worth approximately $129,000. Cerebellum GP LLC bought a new position in shares of Scripps Networks Interactive in the fourth quarter worth approximately $133,000. Valeo Financial Advisors LLC bought a new position in shares of Scripps Networks Interactive in the third quarter worth approximately $162,000. Finally, Meiji Yasuda Asset Management Co Ltd. bought a new position in shares of Scripps Networks Interactive in the third quarter worth approximately $202,000. 62.59% of the stock is currently owned by institutional investors and hedge funds.
In other Scripps Networks Interactive news, Director Michael R. Costa sold 18,955 shares of the company’s stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $83.64, for a total transaction of $1,585,396.20. Following the completion of the sale, the director now directly owns 13,035 shares of the company’s stock, valued at $1,090,247.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Ronald W. Tysoe sold 5,873 shares of the company’s stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $89.90, for a total transaction of $527,982.70. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 149,956 shares of company stock valued at $13,338,612. 2.50% of the stock is owned by corporate insiders.
Scripps Networks Interactive, Inc. (SNI) opened at $90.04 on Friday. The company has a current ratio of 3.05, a quick ratio of 3.05 and a debt-to-equity ratio of 0.81. Scripps Networks Interactive, Inc. has a twelve month low of $64.87 and a twelve month high of $93.58. The firm has a market cap of $11,690.00, a P/E ratio of 16.77, a PEG ratio of 3.17 and a beta of 1.31.
Scripps Networks Interactive (NASDAQ:SNI) last released its quarterly earnings data on Monday, February 26th. The company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.17. Scripps Networks Interactive had a net margin of 17.52% and a return on equity of 26.63%. The firm had revenue of $956.12 million during the quarter, compared to analysts’ expectations of $912.81 million. During the same period in the previous year, the company earned $1.02 earnings per share. analysts anticipate that Scripps Networks Interactive, Inc. will post 5.61 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Saturday, March 10th. Shareholders of record on Wednesday, February 28th were issued a dividend of $0.30 per share. The ex-dividend date was Tuesday, February 27th. This represents a $1.20 dividend on an annualized basis and a yield of 1.33%. Scripps Networks Interactive’s dividend payout ratio is currently 22.35%.
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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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