Swiss National Bank Increases Holdings in Scripps Networks Interactive, Inc (SNI)

Swiss National Bank boosted its stake in Scripps Networks Interactive, Inc (NASDAQ:SNI) by 1.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 317,161 shares of the company’s stock after acquiring an additional 4,300 shares during the period. Swiss National Bank owned 244,327.09% of Scripps Networks Interactive worth $27,241,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Alliancebernstein L.P. raised its position 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 purchasing an additional 1,911,635 shares during the period. BlackRock Inc. raised its position in shares of Scripps Networks Interactive by 18.3% in the second quarter. BlackRock Inc. now owns 8,455,399 shares of the company’s stock valued at $577,591,000 after purchasing an additional 1,308,844 shares during the period. Renaissance Technologies LLC raised its position in shares of Scripps Networks Interactive by 312.1% in the second quarter. Renaissance Technologies LLC now owns 1,293,300 shares of the company’s stock valued at $88,345,000 after purchasing an additional 979,500 shares during the period. JPMorgan Chase & Co. raised its position in shares of Scripps Networks Interactive by 319.1% in the second quarter. JPMorgan Chase & Co. now owns 1,224,046 shares of the company’s stock valued at $83,614,000 after purchasing an additional 931,958 shares during the period. Finally, FMR LLC raised its position in shares of Scripps Networks Interactive by 24.6% in the second quarter. FMR LLC now owns 3,371,082 shares of the company’s stock valued at $230,278,000 after purchasing an additional 665,805 shares during the period. 72.52% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have recently issued reports on SNI shares. Morgan Stanley boosted their price target on shares of Scripps Networks Interactive from $82.00 to $90.00 and gave the company an “equal weight” rating in a research report on Thursday, August 24th. BidaskClub lowered shares of Scripps Networks Interactive from a “buy” rating to a “hold” rating in a research report on Saturday, September 2nd. Zacks Investment Research raised shares of Scripps Networks Interactive from a “sell” rating to a “hold” rating in a research report on Tuesday, July 25th. 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. Finally, Cowen and Company reaffirmed a “hold” rating and set a $90.00 target price on shares of Scripps Networks Interactive in a report on Friday, September 8th. One equities research analyst has rated the stock with a sell rating, fifteen have given 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 target price of $85.62.

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Scripps Networks Interactive, Inc (NASDAQ:SNI) opened at $80.62 on Friday. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.90. Scripps Networks Interactive, Inc has a 12 month low of $64.87 and a 12 month high of $88.45. The company has a market cap of $10,470.00, a P/E ratio of 14.48, a price-to-earnings-growth ratio of 1.98 and a beta of 1.47.

Scripps Networks Interactive (NASDAQ:SNI) last released its quarterly earnings results on Wednesday, November 1st. The company reported $1.05 EPS for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.09. Scripps Networks Interactive had a net margin of 17.46% and a return on equity of 27.04%. The business had revenue of $825.53 million during the quarter, compared to analysts’ expectations of $838.63 million. During the same quarter in the previous year, the company earned $1.26 EPS. sell-side analysts expect that Scripps Networks Interactive, Inc will post 5.53 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Sunday, December 10th. Shareholders of record on Thursday, November 30th will be paid a $0.30 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $1.20 dividend on an annualized basis and a yield of 1.49%. Scripps Networks Interactive’s dividend payout ratio is presently 18.20%.

In other news, Director Jeffrey Sagansky sold 1,077 shares of the company’s stock in a transaction 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 owns 7,520 shares of the company’s stock, valued at approximately $598,667.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.50% of the stock is owned by insiders.

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

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