LMR Partners LLP cut its holdings in Scripps Networks Interactive, Inc (NASDAQ:SNI) by 64.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,248 shares of the company’s stock after selling 12,958 shares during the quarter. LMR Partners LLP’s holdings in Scripps Networks Interactive were worth $622,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of SNI. YorkBridge Wealth Partners LLC increased its holdings in shares of Scripps Networks Interactive by 14.2% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,552 shares of the company’s stock valued at $106,000 after acquiring an additional 193 shares during the last quarter. Mountain Capital Investment Advisors Inc acquired a new stake in shares of Scripps Networks Interactive in the 2nd quarter valued at approximately $126,000. Meiji Yasuda Asset Management Co Ltd. acquired a new stake in shares of Scripps Networks Interactive in the 3rd quarter valued at approximately $202,000. Federated Investors Inc. PA lifted its holdings in shares of Scripps Networks Interactive by 48.4% in the 2nd quarter. Federated Investors Inc. PA now owns 2,378 shares of the company’s stock valued at $163,000 after buying an additional 776 shares during the period. Finally, Savant Capital LLC acquired a new stake in shares of Scripps Networks Interactive in the 3rd quarter valued at approximately $210,000. Institutional investors and hedge funds own 60.95% of the company’s stock.
In related news, Director Jeffrey Sagansky sold 1,077 shares of the firm’s stock in a transaction that occurred 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 $598,667.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 2.50% of the company’s stock.
Scripps Networks Interactive (NASDAQ:SNI) last issued its quarterly earnings data on Wednesday, November 1st. The company reported $1.05 earnings per share (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 firm had revenue of $825.53 million during the quarter, compared to analysts’ expectations of $838.63 million. During the same period in the prior year, the company posted $1.26 earnings per share. analysts anticipate that Scripps Networks Interactive, Inc will post 5.53 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Sunday, December 10th. Investors of record on Thursday, November 30th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend is Wednesday, November 29th. Scripps Networks Interactive’s dividend payout ratio (DPR) is presently 12.85%.
Several equities analysts recently weighed in on the company. Morgan Stanley raised their price objective on Scripps Networks Interactive from $82.00 to $90.00 and gave the company an “equal weight” rating in a research note on Thursday, August 24th. BidaskClub cut Scripps Networks Interactive from a “buy” rating to a “hold” rating in a report on Saturday, September 2nd. Royal Bank Of Canada set a $90.00 target price on Scripps Networks Interactive and gave the company a “hold” rating in a report on Friday, October 20th. Cowen restated a “hold” rating and set a $90.00 price objective on shares of Scripps Networks Interactive in a research note on Friday, September 8th. Finally, Sanford C. Bernstein restated a “market perform” rating on shares of Scripps Networks Interactive in a research note 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. The company presently has a consensus rating of “Hold” and a consensus target price of $85.62.
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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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