Exxonmobil Investment Management Inc. TX cut its stake in shares of Scripps Networks Interactive, Inc (NASDAQ:SNI) by 13.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,414 shares of the company’s stock after selling 2,800 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in Scripps Networks Interactive were worth $1,258,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in the stock. Contravisory Investment Management Inc. boosted its position in shares of Scripps Networks Interactive by 68.5% in the first quarter. Contravisory Investment Management Inc. now owns 1,586 shares of the company’s stock worth $124,000 after buying an additional 645 shares in the last quarter. James Investment Research Inc. purchased a new position in shares of Scripps Networks Interactive during the first quarter worth $147,000. Mn Services Vermogensbeheer B.V. boosted its position in shares of Scripps Networks Interactive by 6.8% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 2,175 shares of the company’s stock worth $159,000 after buying an additional 138 shares in the last quarter. SRS Capital Advisors Inc. boosted its position in shares of Scripps Networks Interactive by 13.3% in the first quarter. SRS Capital Advisors Inc. now owns 2,152 shares of the company’s stock worth $168,000 after buying an additional 252 shares in the last quarter. Finally, Assetmark Inc. boosted its position in shares of Scripps Networks Interactive by 2.7% in the first quarter. Assetmark Inc. now owns 2,542 shares of the company’s stock worth $199,000 after buying an additional 67 shares in the last quarter. 69.14% of the stock is currently owned by hedge funds and other institutional investors.
Scripps Networks Interactive, Inc (NASDAQ SNI) opened at 78.75 on Friday. Scripps Networks Interactive, Inc has a 52-week low of $59.32 and a 52-week high of $83.42. The company’s 50-day moving average price is $68.00 and its 200 day moving average price is $73.39. The company has a market capitalization of $10.22 billion, a price-to-earnings ratio of 17.60 and a beta of 1.44.
Scripps Networks Interactive (NASDAQ:SNI) last issued its quarterly earnings data on Thursday, May 4th. The company reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.18 by $0.35. Scripps Networks Interactive had a return on equity of 30.71% and a net margin of 16.94%. The business had revenue of $855 million for the quarter, compared to the consensus estimate of $856.98 million. During the same period in the prior year, the business posted $1.37 earnings per share. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, equities analysts expect that Scripps Networks Interactive, Inc will post $5.49 EPS for the current fiscal year.
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A number of equities analysts recently weighed in on the company. Wells Fargo & Company assumed coverage on Scripps Networks Interactive in a report on Thursday. They set a “market perform” rating and a $82.00 price objective on the stock. Jefferies Group LLC reissued a “hold” rating and set a $76.00 price objective on shares of Scripps Networks Interactive in a report on Friday, April 28th. Royal Bank Of Canada reissued a “hold” rating and set a $87.00 price objective on shares of Scripps Networks Interactive in a report on Monday, April 24th. J P Morgan Chase & Co raised Scripps Networks Interactive from an “underweight” rating to a “neutral” rating and set a $83.00 price objective on the stock in a report on Friday, May 5th. Finally, Zacks Investment Research cut Scripps Networks Interactive from a “hold” rating to a “sell” rating in a report on Monday, July 17th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $76.86.
In other news, major shareholder Edward W. Scripps sold 300,000 shares of the stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $66.96, for a total value of $20,088,000.00. Following the sale, the insider now directly owns 232,071 shares in the company, valued at $15,539,474.16. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Gerald J. Scripps sold 30,000 shares of the stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $69.65, for a total value of $2,089,500.00. Following the completion of the sale, the insider now owns 78,323 shares in the company, valued at $5,455,196.95. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 376,466 shares of company stock worth $25,477,051. Company insiders own 2.50% of the company’s stock.
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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