Scripps Networks Interactive (SNI) Downgraded by BidaskClub to Strong Sell
BidaskClub downgraded shares of Scripps Networks Interactive (NASDAQ:SNI) from a sell rating to a strong sell rating in a report published on Tuesday morning.
Other equities analysts also recently issued research reports about the company. Cowen reiterated a hold rating and set a $90.00 price objective on shares of Scripps Networks Interactive in a research report on Friday, September 8th. 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 research report on Thursday, August 24th. Royal Bank of Canada reiterated a hold rating and set a $90.00 price objective on shares of Scripps Networks Interactive in a research report on Wednesday, September 20th. Sanford C. Bernstein reiterated a market perform rating on shares of Scripps Networks Interactive in a research report on Tuesday, September 12th. Finally, KeyCorp reiterated a hold rating on shares of Scripps Networks Interactive in a research report on Friday, August 25th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $85.62.
Shares of Scripps Networks Interactive (NASDAQ:SNI) traded up $1.77 during trading hours on Tuesday, hitting $83.21. The stock had a trading volume of 1,278,392 shares, compared to its average volume of 1,032,532. The company has a debt-to-equity ratio of 0.90, a current ratio of 3.19 and a quick ratio of 3.19. The firm has a market capitalization of $10,580.28, a price-to-earnings ratio of 15.11, a PEG ratio of 2.06 and a beta of 1.45. Scripps Networks Interactive has a 12-month low of $64.87 and a 12-month high of $88.45.
The firm also recently announced a quarterly dividend, which was paid on Sunday, December 10th. Shareholders of record on Thursday, November 30th were given a $0.30 dividend. The ex-dividend date was Wednesday, November 29th. This represents a $1.20 dividend on an annualized basis and a yield of 1.44%. Scripps Networks Interactive’s dividend payout ratio is currently 12.85%.
In other Scripps Networks Interactive news, Director Jeffrey Sagansky sold 1,077 shares of Scripps Networks Interactive 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 sale, the director now owns 7,520 shares in the company, valued at $598,667.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.50% of the stock is owned by insiders.
A number of large investors have recently bought and sold shares of SNI. Pentwater Capital Management LP acquired a new stake in shares of Scripps Networks Interactive in the third quarter valued at $310,922,000. Cowen Inc. acquired a new stake in shares of Scripps Networks Interactive in the third quarter valued at $223,568,000. Alliancebernstein L.P. grew its stake in shares of Scripps Networks Interactive by 1,107.7% in the second quarter. Alliancebernstein L.P. now owns 2,084,212 shares of the company’s stock valued at $142,373,000 after buying an additional 1,911,635 shares in the last quarter. Magnetar Financial LLC acquired a new stake in shares of Scripps Networks Interactive in the third quarter valued at $149,660,000. Finally, Alpine Associates Management Inc. acquired a new stake in shares of Scripps Networks Interactive in the third quarter valued at $143,032,000. Institutional investors own 60.95% of the company’s stock.
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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.
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