AMP Capital Investors Ltd reduced its stake in shares of Scripps Networks Interactive, Inc. (NASDAQ:SNI) by 68.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 41,545 shares of the company’s stock after selling 90,329 shares during the quarter. AMP Capital Investors Ltd’s holdings in Scripps Networks Interactive were worth $3,569,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. YorkBridge Wealth Partners LLC grew its position in shares of Scripps Networks Interactive by 14.2% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,552 shares of the company’s stock worth $106,000 after buying an additional 193 shares during the period. Mountain Capital Investment Advisors Inc acquired a new position in shares of Scripps Networks Interactive in the 2nd quarter valued at approximately $126,000. Meiji Yasuda Asset Management Co Ltd. acquired a new position in shares of Scripps Networks Interactive in the 3rd quarter valued at approximately $202,000. Welch & Forbes LLC acquired a new position in shares of Scripps Networks Interactive in the 3rd quarter valued at approximately $204,000. Finally, Federated Investors Inc. PA grew its position in shares of Scripps Networks Interactive by 48.4% in the 2nd quarter. Federated Investors Inc. PA now owns 2,378 shares of the company’s stock valued at $163,000 after purchasing an additional 776 shares during the period. Institutional investors own 60.95% of the company’s stock.

In other Scripps Networks Interactive news, Director Jeffrey Sagansky sold 1,077 shares of the business’s stock in a transaction that occurred 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 sale, the director now owns 7,520 shares in the company, valued at approximately $598,667.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.50% of the company’s stock.

SNI has been the subject of several research analyst reports. Morgan Stanley boosted their price objective 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. Royal Bank of Canada set a $90.00 price objective on Scripps Networks Interactive and gave the company a “hold” rating in a research report on Friday, October 20th. Cowen reiterated a “hold” rating and issued a $90.00 price objective on shares of Scripps Networks Interactive in a research report on Friday, September 8th. BidaskClub lowered Scripps Networks Interactive from a “buy” rating to a “hold” rating in a research report on Saturday, September 2nd. Finally, KeyCorp reiterated a “hold” rating on shares of Scripps Networks Interactive in a research report on Friday, August 25th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and three have issued a buy rating to the stock. Scripps Networks Interactive has an average rating of “Hold” and an average price target of $85.62.

Shares of Scripps Networks Interactive, Inc. (NASDAQ SNI) opened at $83.21 on Friday. The company has a market capitalization of $11,040.00, a P/E ratio of 15.11, a price-to-earnings-growth ratio of 2.06 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 released its earnings results on Wednesday, November 1st. The company reported $1.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.09. The firm 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 in the previous year, the business posted $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 company also recently announced a quarterly dividend, which was paid on Sunday, December 10th. Shareholders of record on Thursday, November 30th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.44%. The ex-dividend date was Wednesday, November 29th. Scripps Networks Interactive’s payout ratio is 12.88%.

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Scripps Networks Interactive Company 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.

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

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