Public Sector Pension investment Board lowered its stake in Scripps Networks Interactive, Inc (NASDAQ:SNI) by 51.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,484 shares of the company’s stock after selling 11,100 shares during the period. Public Sector Pension investment Board’s holdings in Scripps Networks Interactive were worth $716,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Soros Fund Management LLC bought a new position in shares of Scripps Networks Interactive in the first quarter worth $4,945,000. LMR Partners LLP bought a new position in shares of Scripps Networks Interactive in the second quarter worth $1,380,000. Schwab Charles Investment Management Inc. increased its position in shares of Scripps Networks Interactive by 17.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 500,910 shares of the company’s stock worth $34,218,000 after purchasing an additional 73,006 shares during the period. Swiss National Bank increased its position in shares of Scripps Networks Interactive by 9.1% in the second quarter. Swiss National Bank now owns 312,861 shares of the company’s stock worth $21,372,000 after purchasing an additional 26,000 shares during the period. Finally, BlackRock Inc. increased its position in shares of Scripps Networks Interactive by 4,188.7% in the first quarter. BlackRock Inc. now owns 7,146,555 shares of the company’s stock worth $560,078,000 after purchasing an additional 6,979,918 shares during the period. Institutional investors own 75.85% of the company’s stock.

In other news, Director Jeffrey Sagansky sold 1,159 shares of the stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $87.83, for a total transaction of $101,794.97. Following the transaction, the director now directly owns 9,457 shares in the company, valued at approximately $830,608.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.50% of the stock is currently owned by corporate insiders.

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Shares of Scripps Networks Interactive, Inc (NASDAQ:SNI) opened at 86.07 on Friday. The firm has a market capitalization of $11.17 billion, a price-to-earnings ratio of 17.76 and a beta of 1.47. Scripps Networks Interactive, Inc has a 52 week low of $60.63 and a 52 week high of $88.45. The stock’s 50 day moving average price is $85.75 and its 200-day moving average price is $76.79.

The company also recently disclosed a quarterly dividend, which was paid on Sunday, September 10th. Stockholders of record on Thursday, August 31st were given a dividend of $0.30 per share. The ex-dividend date was Tuesday, August 29th. This represents a $1.20 annualized dividend and a dividend yield of 1.39%. Scripps Networks Interactive’s dividend payout ratio (DPR) is presently 24.79%.

A number of research firms have issued reports on SNI. BidaskClub cut Scripps Networks Interactive from a “hold” rating to a “sell” rating in a research report on Friday. Royal Bank Of Canada reiterated a “hold” rating and issued a $90.00 target price on shares of Scripps Networks Interactive in a research report on Wednesday, September 20th. Citigroup Inc. upgraded Scripps Networks Interactive from a “sell” rating to a “neutral” rating and lifted their target price for the company from $66.00 to $90.00 in a research report on Tuesday, August 1st. Argus cut Scripps Networks Interactive from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, UBS AG reiterated a “neutral” rating and issued a $90.00 target price (up previously from $83.00) on shares of Scripps Networks Interactive in a research report on Tuesday, August 1st. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $84.21.

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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