Investec Asset Management LTD lifted its position in shares of Scripps Networks Interactive, Inc (NASDAQ:SNI) by 25.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 74,624 shares of the company’s stock after purchasing an additional 15,345 shares during the quarter. Investec Asset Management LTD owned approximately 0.06% of Scripps Networks Interactive worth $5,098,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. BlackRock Inc. boosted its stake 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 buying an additional 1,308,844 shares in the last quarter. Vanguard Group Inc. boosted its stake in Scripps Networks Interactive by 3.3% in the 1st quarter. Vanguard Group Inc. now owns 8,145,598 shares of the company’s stock valued at $638,371,000 after buying an additional 260,963 shares in the last quarter. State Street Corp boosted its stake in Scripps Networks Interactive by 1.5% in the 1st quarter. State Street Corp now owns 3,732,993 shares of the company’s stock valued at $292,564,000 after buying an additional 53,491 shares in the last quarter. FMR LLC boosted its stake in Scripps Networks Interactive by 10.1% in the 1st quarter. FMR LLC now owns 2,705,277 shares of the company’s stock valued at $212,012,000 after buying an additional 248,772 shares in the last quarter. Finally, Pioneer Investment Management Inc. boosted its stake in Scripps Networks Interactive by 20.9% in the 2nd quarter. Pioneer Investment Management Inc. now owns 2,288,068 shares of the company’s stock valued at $156,298,000 after buying an additional 396,253 shares in the last quarter. 75.85% of the stock is currently owned by institutional investors.

In related news, Director Jeffrey Sagansky sold 1,159 shares of the firm’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $87.83, for a total transaction of $101,794.97. Following the sale, the director now owns 9,457 shares of the company’s stock, valued at approximately $830,608.31. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.50% of the company’s stock.

Several analysts recently commented on the company. UBS AG reaffirmed a “neutral” rating and issued a $90.00 price target (up previously from $83.00) on shares of Scripps Networks Interactive in a research note on Tuesday, August 1st. Argus lowered Scripps Networks Interactive from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Citigroup Inc. raised Scripps Networks Interactive from a “sell” rating to a “neutral” rating and boosted their price target for the company from $66.00 to $90.00 in a research note on Tuesday, August 1st. Needham & Company LLC lowered Scripps Networks Interactive from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Finally, Moffett Nathanson raised Scripps Networks Interactive from a “sell” rating to a “neutral” rating and boosted their price target for the company from $61.00 to $87.00 in a research note on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $84.20.

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Shares of Scripps Networks Interactive, Inc (NASDAQ SNI) opened at 85.84 on Wednesday. The company has a market cap of $11.14 billion, a P/E ratio of 17.71 and a beta of 1.47. Scripps Networks Interactive, Inc has a 52-week low of $59.32 and a 52-week high of $88.45. The stock’s 50 day moving average price is $86.14 and its 200-day moving average price is $76.15.

The company also recently disclosed a quarterly dividend, which was paid on Sunday, September 10th. Investors of record on Thursday, August 31st were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend was Tuesday, August 29th. Scripps Networks Interactive’s dividend payout ratio (DPR) is 24.79%.

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

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