Barings LLC maintained its position in Scripps Networks Interactive, Inc (NASDAQ:SNI) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 47,096 shares of the company’s stock at the close of the 2nd quarter. Barings LLC’s holdings in Scripps Networks Interactive were worth $3,691,000 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. UBS Asset Management Americas Inc. lifted its stake in shares of Scripps Networks Interactive by 8.1% in the 1st quarter. UBS Asset Management Americas Inc. now owns 241,402 shares of the company’s stock valued at $18,919,000 after acquiring an additional 18,099 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of Scripps Networks Interactive by 196.0% in the 1st quarter. Ameriprise Financial Inc. now owns 206,245 shares of the company’s stock valued at $16,164,000 after acquiring an additional 136,559 shares during the last quarter. Mutual of America Capital Management LLC lifted its stake in shares of Scripps Networks Interactive by 25.3% in the 1st quarter. Mutual of America Capital Management LLC now owns 17,407 shares of the company’s stock valued at $1,364,000 after acquiring an additional 3,512 shares during the last quarter. Oxford Asset Management bought a new stake in shares of Scripps Networks Interactive in the 1st quarter valued at about $992,000. Finally, Mason Street Advisors LLC lifted its stake in shares of Scripps Networks Interactive by 1.3% in the 1st quarter. Mason Street Advisors LLC now owns 13,202 shares of the company’s stock valued at $1,035,000 after acquiring an additional 171 shares during the last quarter. 75.85% of the stock is owned by institutional investors.

Scripps Networks Interactive, Inc (NASDAQ:SNI) traded down 0.16% on Thursday, hitting $86.14. The company’s stock had a trading volume of 83,831 shares. The firm has a market cap of $11.18 billion, a price-to-earnings ratio of 17.78 and a beta of 1.47. The firm has a 50 day moving average of $85.75 and a 200 day moving average of $76.73. Scripps Networks Interactive, Inc has a 12 month low of $60.63 and a 12 month high of $88.45.

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

In other news, Director Jeffrey Sagansky sold 1,159 shares of Scripps Networks Interactive stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $87.83, for a total transaction of $101,794.97. Following the completion of the sale, the director now owns 9,457 shares of the company’s stock, valued at $830,608.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.50% of the company’s stock.

A number of equities research analysts have recently weighed in on SNI shares. Moffett Nathanson reissued a “sell” rating on shares of Scripps Networks Interactive in a research note on Friday, June 9th. J P Morgan Chase & Co restated an “overweight” rating and set a $83.00 price target on shares of Scripps Networks Interactive in a report on Monday, July 10th. Zacks Investment Research downgraded Scripps Networks Interactive from a “hold” rating to a “sell” rating in a report on Monday, July 17th. Wells Fargo & Company started coverage on Scripps Networks Interactive in a report on Thursday, July 20th. They set a “market perform” rating and a $82.00 price target on the stock. Finally, MKM Partners restated a “neutral” rating and set a $73.00 price target (down previously from $84.00) on shares of Scripps Networks Interactive in a report on Friday, July 21st. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $84.21.

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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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