Scripps Networks Interactive, Inc. (SNI) Position Reduced by Janney Montgomery Scott LLC
Janney Montgomery Scott LLC lessened its stake in Scripps Networks Interactive, Inc. (NASDAQ:SNI) by 3.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 56,849 shares of the company’s stock after selling 1,930 shares during the period. Janney Montgomery Scott LLC’s holdings in Scripps Networks Interactive were worth $4,883,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of SNI. Vanguard Group Inc. grew its holdings in Scripps Networks Interactive by 6.7% during the 2nd quarter. Vanguard Group Inc. now owns 8,688,173 shares of the company’s stock worth $593,489,000 after acquiring an additional 542,575 shares in the last quarter. BlackRock Inc. grew its holdings in Scripps Networks Interactive by 18.3% during the 2nd quarter. BlackRock Inc. now owns 8,455,399 shares of the company’s stock worth $577,591,000 after acquiring an additional 1,308,844 shares in the last quarter. State Street Corp grew its holdings in Scripps Networks Interactive by 0.5% during the 2nd quarter. State Street Corp now owns 3,749,940 shares of the company’s stock worth $256,149,000 after acquiring an additional 16,947 shares in the last quarter. Pentwater Capital Management LP bought a new position in Scripps Networks Interactive during the 3rd quarter worth about $310,922,000. Finally, FMR LLC grew its holdings in Scripps Networks Interactive by 24.6% during the 2nd quarter. FMR LLC now owns 3,371,082 shares of the company’s stock worth $230,278,000 after acquiring an additional 665,805 shares in the last quarter. 60.95% of the stock is currently owned by institutional investors.
SNI has been the topic of several recent research reports. Morgan Stanley increased their target price on shares of Scripps Networks Interactive from $82.00 to $90.00 and gave the stock an “equal weight” rating in a report on Thursday, August 24th. BidaskClub cut shares of Scripps Networks Interactive from a “buy” rating to a “hold” rating in a report on Saturday, September 2nd. Royal Bank of Canada set a $90.00 target price on shares of Scripps Networks Interactive and gave the stock a “hold” rating in a report on Friday, October 20th. Cowen reiterated a “hold” rating and set a $90.00 target price on shares of Scripps Networks Interactive in a report on Friday, September 8th. Finally, Sanford C. Bernstein restated a “market perform” rating on shares of Scripps Networks Interactive in a report on Tuesday, September 12th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and three have given a buy rating to the company’s stock. Scripps Networks Interactive presently has a consensus rating of “Hold” and an average target price of $85.62.
Shares of Scripps Networks Interactive, Inc. (SNI) opened at $81.56 on Thursday. Scripps Networks Interactive, Inc. has a 1-year low of $64.87 and a 1-year high of $88.45. The firm has a market cap of $10,570.00, a PE ratio of 15.18, a PEG ratio of 2.07 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 (NASDAQ:SNI) last released its quarterly earnings results on Wednesday, November 1st. The company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.09. The business had revenue of $825.53 million for the quarter, compared to analysts’ expectations of $838.63 million. Scripps Networks Interactive had a net margin of 17.46% and a return on equity of 27.04%. During the same period last year, the business earned $1.26 EPS. sell-side analysts predict that Scripps Networks Interactive, Inc. will post 5.53 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Sunday, December 10th. Investors of record on Thursday, November 30th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend was Wednesday, November 29th. Scripps Networks Interactive’s dividend payout ratio (DPR) is presently 12.88%.
In related news, Director Jeffrey Sagansky sold 1,077 shares of Scripps Networks Interactive stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $79.61, for a total value of $85,739.97. Following the completion of the sale, the director now directly 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 can be accessed through the SEC website. 2.50% of the stock is owned by company insiders.
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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.
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