Scripps Networks Interactive, Inc. (SNI) Stake Lowered by Exxonmobil Investment Management Inc. TX

Exxonmobil Investment Management Inc. TX trimmed its holdings in shares of Scripps Networks Interactive, Inc. (NASDAQ:SNI) by 12.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,275 shares of the company’s stock after selling 2,249 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in Scripps Networks Interactive were worth $1,304,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SNI. Amalgamated Bank increased its holdings in Scripps Networks Interactive by 56.5% in the 2nd quarter. Amalgamated Bank now owns 10,074 shares of the company’s stock worth $688,000 after acquiring an additional 3,638 shares during the last quarter. P Schoenfeld Asset Management LP purchased a new stake in Scripps Networks Interactive in the 3rd quarter worth about $12,884,000. State Board of Administration of Florida Retirement System increased its holdings in Scripps Networks Interactive by 1.4% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 125,122 shares of the company’s stock worth $10,747,000 after acquiring an additional 1,680 shares during the last quarter. DekaBank Deutsche Girozentrale increased its holdings in Scripps Networks Interactive by 66.2% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 30,434 shares of the company’s stock worth $2,661,000 after acquiring an additional 12,124 shares during the last quarter. Finally, Athos Capital Ltd purchased a new stake in Scripps Networks Interactive in the 3rd quarter worth about $315,000. Institutional investors own 60.82% of the company’s stock.

Several brokerages recently weighed in on SNI. BidaskClub lowered Scripps Networks Interactive from a “hold” rating to a “sell” rating in a report on Friday, October 6th. Zacks Investment Research lowered Scripps Networks Interactive from a “hold” rating to a “sell” rating in a report on Friday, January 5th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and set a $90.00 target price on shares of Scripps Networks Interactive in a report on Wednesday, September 20th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have assigned a buy rating to the stock. Scripps Networks Interactive currently has a consensus rating of “Hold” and an average price target of $85.62.

In other news, Director Jeffrey Sagansky sold 1,077 shares of Scripps Networks Interactive stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $79.61, for a total transaction of $85,739.97. Following the completion of the sale, the director now owns 7,520 shares in the company, valued at approximately $598,667.20. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Michael R. Costa sold 18,955 shares of Scripps Networks Interactive stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $83.64, for a total value of $1,585,396.20. Following the sale, the director now owns 13,035 shares of the company’s stock, valued at approximately $1,090,247.40. The disclosure for this sale can be found here. Company insiders own 2.50% of the company’s stock.

Shares of Scripps Networks Interactive, Inc. (SNI) opened at $88.04 on Thursday. The stock has a market capitalization of $11,430.00, a PE ratio of 18.89, a PEG ratio of 2.31 and a beta of 1.44. The company has a current ratio of 3.19, a quick 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.

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

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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.

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

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