Commonwealth Equity Services Inc reduced its holdings in Scripps Networks Interactive, Inc (NASDAQ:SNI) by 15.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,346 shares of the company’s stock after selling 775 shares during the quarter. Commonwealth Equity Services Inc’s holdings in Scripps Networks Interactive were worth $373,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. YorkBridge Wealth Partners LLC raised its holdings in Scripps Networks Interactive by 14.2% during the second quarter. YorkBridge Wealth Partners LLC now owns 1,552 shares of the company’s stock worth $106,000 after purchasing an additional 193 shares during the last quarter. Mountain Capital Investment Advisors Inc acquired a new position in Scripps Networks Interactive during the second quarter worth $126,000. Federated Investors Inc. PA raised its holdings in Scripps Networks Interactive by 48.4% during the second quarter. Federated Investors Inc. PA now owns 2,378 shares of the company’s stock worth $163,000 after purchasing an additional 776 shares during the last quarter. Bronfman E.L. Rothschild L.P. raised its holdings in Scripps Networks Interactive by 1.1% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,954 shares of the company’s stock worth $202,000 after purchasing an additional 32 shares during the last quarter. Finally, Eagle Global Advisors LLC acquired a new position in Scripps Networks Interactive during the second quarter worth $208,000. 60.98% of the stock is owned by institutional investors and hedge funds.

In other news, Director Jeffrey Sagansky sold 1,077 shares of the business’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $79.61, for a total value of $85,739.97. Following the completion of the transaction, the director now directly owns 7,520 shares of the company’s stock, valued at $598,667.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.50% of the company’s stock.

Several equities analysts recently issued reports on the company. KeyCorp reaffirmed a “hold” rating on shares of Scripps Networks Interactive in a report on Friday, August 25th. BidaskClub cut Scripps Networks Interactive from a “hold” rating to a “sell” rating in a report on Friday, October 6th. Royal Bank Of Canada lifted their price objective on Scripps Networks Interactive from $76.00 to $90.00 and gave the stock an “outperform” rating in a report on Thursday, August 17th. Morgan Stanley lifted their price objective on Scripps Networks Interactive from $82.00 to $90.00 and gave the stock an “equal weight” rating in a report on Thursday, August 24th. Finally, Sanford C. Bernstein reaffirmed 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 assigned a hold rating and three have assigned a buy rating to the company’s stock. Scripps Networks Interactive currently has an average rating of “Hold” and an average price target of $85.62.

Scripps Networks Interactive, Inc (NASDAQ:SNI) opened at $82.30 on Friday. 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 capitalization of $10,632.24, a price-to-earnings 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, topping the Zacks’ consensus estimate of $0.96 by $0.09. Scripps Networks Interactive had a return on equity of 27.04% and a net margin of 17.46%. The company had revenue of $825.53 million during the quarter, compared to analysts’ expectations of $838.63 million. During the same period in the previous year, the firm posted $1.26 earnings per share. equities research analysts anticipate that Scripps Networks Interactive, Inc will post 5.53 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Sunday, December 10th. Stockholders of record on Thursday, November 30th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.46%. Scripps Networks Interactive’s dividend payout ratio (DPR) is 12.85%.

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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.

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

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