Scripps Networks Interactive, Inc (NASDAQ:SNI) Stake Increased by Tealwood Asset Management Inc.

Tealwood Asset Management Inc. increased its stake in Scripps Networks Interactive, Inc (NASDAQ:SNI) by 0.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,947 shares of the company’s stock after buying an additional 5 shares during the period. Tealwood Asset Management Inc.’s holdings in Scripps Networks Interactive were worth $2,797,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. BlackRock Inc. increased its stake in shares of Scripps Networks Interactive by 4,188.7% in the first quarter. BlackRock Inc. now owns 7,146,555 shares of the company’s stock worth $560,078,000 after buying an additional 6,979,918 shares during the last quarter. Norges Bank bought a new stake in Scripps Networks Interactive during the fourth quarter valued at about $48,031,000. Ardevora Asset Management LLP bought a new stake in Scripps Networks Interactive during the second quarter valued at about $36,286,000. WINTON GROUP Ltd increased its stake in Scripps Networks Interactive by 114.5% in the first quarter. WINTON GROUP Ltd now owns 670,023 shares of the company’s stock valued at $42,540,000 after buying an additional 357,704 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Scripps Networks Interactive by 40.5% in the first quarter. Bank of New York Mellon Corp now owns 1,166,026 shares of the company’s stock valued at $91,381,000 after buying an additional 335,940 shares during the last quarter. 69.61% of the stock is owned by institutional investors and hedge funds.

Scripps Networks Interactive, Inc (NASDAQ SNI) opened at 87.29 on Friday. The firm’s 50-day moving average price is $71.91 and its 200 day moving average price is $73.93. The firm has a market capitalization of $11.33 billion, a price-to-earnings ratio of 19.51 and a beta of 1.49. Scripps Networks Interactive, Inc has a 1-year low of $59.32 and a 1-year high of $88.45.

Scripps Networks Interactive (NASDAQ:SNI) last posted its quarterly earnings data on Thursday, May 4th. The company reported $1.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.18 by $0.35. The business had revenue of $855 million for the quarter, compared to analysts’ expectations of $856.98 million. Scripps Networks Interactive had a return on equity of 30.71% and a net margin of 16.94%. The business’s revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.37 EPS. On average, analysts predict that Scripps Networks Interactive, Inc will post $5.49 EPS for the current year.

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A number of equities analysts have recently weighed in on the company. Jefferies Group LLC reiterated a “hold” rating and issued a $76.00 target price on shares of Scripps Networks Interactive in a report on Monday, May 15th. Royal Bank Of Canada reiterated a “hold” rating and issued a $76.00 target price on shares of Scripps Networks Interactive in a report on Monday, May 15th. J P Morgan Chase & Co upgraded Scripps Networks Interactive from an “underweight” rating to a “neutral” rating and set a $83.00 target price on the stock in a report on Friday, May 5th. Zacks Investment Research cut Scripps Networks Interactive from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. Finally, Needham & Company LLC cut Scripps Networks Interactive from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company. Scripps Networks Interactive currently has a consensus rating of “Hold” and an average price target of $82.47.

In related news, major shareholder Edward W. Scripps sold 300,000 shares of the company’s 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 transaction, the insider now directly owns 232,071 shares of the company’s stock, valued at approximately $15,539,474.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Gerald J. Scripps sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $69.65, for a total value of $2,089,500.00. Following the completion of the transaction, the insider now directly 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 ninety days, insiders have sold 376,466 shares of company stock worth $25,477,051. Insiders own 2.50% of the company’s stock.

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.