Private Management Group Inc. increased its position in shares of Scripps Networks Interactive, Inc (NASDAQ:SNI) by 28.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 236,096 shares of the company’s stock after buying an additional 52,519 shares during the period. Private Management Group Inc. owned about 0.18% of Scripps Networks Interactive worth $16,128,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SNI. Westpac Banking Corp increased its position in Scripps Networks Interactive by 1,621.0% in the second quarter. Westpac Banking Corp now owns 93,641 shares of the company’s stock valued at $6,397,000 after buying an additional 88,200 shares during the last quarter. Delta Lloyd Asset Management N.V. acquired a new position in Scripps Networks Interactive during the second quarter valued at $471,000. Swiss National Bank increased its position in Scripps Networks Interactive by 9.1% in the second quarter. Swiss National Bank now owns 312,861 shares of the company’s stock valued at $21,372,000 after buying an additional 26,000 shares during the last quarter. Bronfman E.L. Rothschild L.P. increased its position in Scripps Networks Interactive by 1.1% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,954 shares of the company’s stock valued at $202,000 after buying an additional 32 shares during the last quarter. Finally, Pacad Investment Ltd. increased its position in Scripps Networks Interactive by 51.1% in the second quarter. Pacad Investment Ltd. now owns 5,200 shares of the company’s stock valued at $355,000 after buying an additional 1,758 shares during the last quarter. Institutional investors own 75.88% of the company’s stock.

Shares of Scripps Networks Interactive, Inc (NASDAQ:SNI) traded up 0.32% during trading on Friday, reaching $85.92. 105,224 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $83.30 and a 200 day moving average price of $75.66. The firm has a market cap of $11.15 billion, a price-to-earnings ratio of 17.73 and a beta of 1.49. Scripps Networks Interactive, Inc has a 12 month low of $59.32 and a 12 month high of $88.45.

The firm also recently announced a quarterly dividend, which will be paid on Sunday, September 10th. Shareholders of record on Thursday, August 31st will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend is Tuesday, August 29th. Scripps Networks Interactive’s dividend payout ratio (DPR) is 24.79%.

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SNI has been the topic of several research reports. Zacks Investment Research downgraded shares of Scripps Networks Interactive from a “hold” rating to a “sell” rating in a report on Monday, July 17th. Wells Fargo & Company initiated coverage on shares of Scripps Networks Interactive in a report on Thursday, July 20th. They set a “market perform” rating and a $82.00 price objective on the stock. Moffett Nathanson restated a “sell” rating on shares of Scripps Networks Interactive in a report on Friday, June 9th. J P Morgan Chase & Co upgraded shares of Scripps Networks Interactive to a “neutral” rating and set a $83.00 price objective on the stock in a report on Monday, May 15th. Finally, Jefferies Group LLC restated a “hold” rating and set a $76.00 price objective on shares of Scripps Networks Interactive in a report on Friday, May 5th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $83.79.

In other Scripps Networks Interactive news, Director Jeffrey Sagansky sold 1,159 shares of the business’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $87.83, for a total value of $101,794.97. Following the completion of the transaction, the director now owns 9,457 shares of the company’s stock, valued at approximately $830,608.31. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.50% of the stock is currently owned by insiders.

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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