Banque Pictet & Cie SA decreased its stake in Scripps Networks Interactive Inc. (NASDAQ:SNI) by 10.1% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 48,905 shares of the company’s stock after selling 5,480 shares during the period. Banque Pictet & Cie SA’s holdings in Scripps Networks Interactive were worth $3,105,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of SNI. Boston Advisors LLC bought a new position in shares of Scripps Networks Interactive during the second quarter valued at about $11,485,000. World Asset Management Inc raised its position in shares of Scripps Networks Interactive by 3.3% in the third quarter. World Asset Management Inc now owns 9,810 shares of the company’s stock valued at $623,000 after buying an additional 312 shares in the last quarter. AT Bancorp bought a new position in shares of Scripps Networks Interactive during the third quarter valued at about $1,566,000. Janney Montgomery Scott LLC raised its position in shares of Scripps Networks Interactive by 3,710.4% in the second quarter. Janney Montgomery Scott LLC now owns 175,052 shares of the company’s stock valued at $10,900,000 after buying an additional 170,458 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of Scripps Networks Interactive by 155.4% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 21,696 shares of the company’s stock valued at $1,351,000 after buying an additional 13,200 shares in the last quarter. Institutional investors own 66.99% of the company’s stock.

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

Scripps Networks Interactive Inc. (NASDAQ:SNI) traded up 1.51% during trading on Tuesday, hitting $70.06. 1,132,706 shares of the stock traded hands. The firm has a 50-day moving average price of $65.89 and a 200 day moving average price of $64.28. Scripps Networks Interactive Inc. has a 52-week low of $50.81 and a 52-week high of $73.71. The company has a market cap of $9.05 billion, a P/E ratio of 11.58 and a beta of 1.12.

Scripps Networks Interactive (NASDAQ:SNI) last released its earnings results on Monday, November 7th. The company reported $1.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.31. The firm had revenue of $803.10 million for the quarter, compared to the consensus estimate of $794.62 million. Scripps Networks Interactive had a net margin of 23.37% and a return on equity of 34.21%. The company’s revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.06 EPS. On average, equities analysts expect that Scripps Networks Interactive Inc. will post $5.23 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Saturday, December 10th. Investors of record on Wednesday, November 30th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date is Monday, November 28th. Scripps Networks Interactive’s payout ratio is 16.53%.

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SNI has been the topic of a number of recent research reports. Argus reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Scripps Networks Interactive in a research note on Tuesday, August 16th. Zacks Investment Research raised shares of Scripps Networks Interactive from a “sell” rating to a “hold” rating in a research note on Wednesday, November 9th. Jefferies Group reaffirmed a “hold” rating and issued a $67.00 price objective on shares of Scripps Networks Interactive in a research note on Tuesday, October 4th. Evercore ISI lowered shares of Scripps Networks Interactive from a “buy” rating to a “hold” rating and set a $68.00 price objective on the stock. in a research note on Wednesday, August 10th. Finally, Citigroup Inc. dropped their price objective on shares of Scripps Networks Interactive from $65.00 to $62.00 and set a “neutral” rating on the stock in a research note on Thursday, August 25th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the stock. Scripps Networks Interactive currently has an average rating of “Hold” and a consensus price target of $68.73.

In other Scripps Networks Interactive news, major shareholder Cynthia J. Scripps sold 95,000 shares of the company’s stock in a transaction dated Thursday, September 8th. The shares were sold at an average price of $63.17, for a total transaction of $6,001,150.00. Following the transaction, the insider now owns 65,706 shares in the company, valued at approximately $4,150,648.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Eva Scripps Attal sold 500,000 shares of the company’s stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $69.15, for a total transaction of $34,575,000.00. Following the transaction, the insider now owns 319,454 shares in the company, valued at approximately $22,090,244.10. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by corporate insiders.

About Scripps Networks Interactive

Scripps Networks Interactive, Inc is a developer of lifestyle-oriented content for linear and interactive video platforms, including television and the Internet brands. The Company’s segments include U.S. Networks, International Networks, and Corporate and Other. Its U.S. Networks segment includes its approximately six national television networks: HGTV, Food Network, Travel Channel, DIY Network, Cooking Channel and Great American Country.

5 Day Chart for NASDAQ:SNI

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