Sei Investments Co. increased its stake in shares of Scripps Networks Interactive Inc. (NASDAQ:SNI) by 5.7% during the third quarter, Holdings Channel reports. The fund owned 272,956 shares of the company’s stock after buying an additional 14,722 shares during the period. Sei Investments Co.’s holdings in Scripps Networks Interactive were worth $17,330,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Winslow Evans & Crocker Inc. increased its stake in shares of Scripps Networks Interactive by 2.9% in the second quarter. Winslow Evans & Crocker Inc. now owns 1,808 shares of the company’s stock valued at $113,000 after buying an additional 51 shares during the last quarter. Mn Services Vermogensbeheer B.V. increased its position in Scripps Networks Interactive by 9.1% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 2,037 shares of the company’s stock valued at $114,000 after buying an additional 170 shares during the last quarter. Pacer Advisors Inc. increased its position in Scripps Networks Interactive by 8.8% in the second quarter. Pacer Advisors Inc. now owns 1,929 shares of the company’s stock valued at $120,000 after buying an additional 156 shares during the last quarter. NEXT Financial Group Inc increased its position in Scripps Networks Interactive by 17.8% in the second quarter. NEXT Financial Group Inc now owns 1,988 shares of the company’s stock valued at $123,000 after buying an additional 300 shares during the last quarter. Finally, Toronto Dominion Bank increased its position in Scripps Networks Interactive by 499.8% in the third quarter. Toronto Dominion Bank now owns 2,657 shares of the company’s stock valued at $168,000 after buying an additional 2,214 shares during the last quarter. 66.99% of the stock is owned by institutional investors and hedge funds.

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

Scripps Networks Interactive Inc. (NASDAQ:SNI) traded down 0.69% during trading on Wednesday, hitting $69.58. The company’s stock had a trading volume of 222,463 shares. Scripps Networks Interactive Inc. has a one year low of $50.81 and a one year high of $73.71. The firm has a market cap of $8.98 billion, a PE ratio of 11.50 and a beta of 1.12. The company has a 50-day moving average of $65.89 and a 200 day moving average of $64.28.

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

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

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A number of research analysts have recently issued reports on SNI shares. Argus reiterated a “buy” rating and issued a $100.00 price target on shares of Scripps Networks Interactive in a report on Tuesday, August 16th. Bank of America Corp. downgraded Scripps Networks Interactive from a “neutral” rating to an “underperform” rating and set a $66.00 price target on the stock. in a report on Thursday, October 27th. Zacks Investment Research upgraded Scripps Networks Interactive from a “sell” rating to a “hold” rating in a report on Wednesday, November 9th. Evercore ISI downgraded Scripps Networks Interactive from a “buy” rating to a “hold” rating and set a $68.00 price target on the stock. in a report on Wednesday, August 10th. Finally, Moffett Nathanson downgraded Scripps Networks Interactive from a “neutral” rating to a “sell” rating and cut their price target for the company from $71.00 to $52.00 in a report on Tuesday, September 27th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $68.73.

In related news, major shareholder Eva Scripps Attal sold 500,000 shares of the stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $69.15, for a total value of $34,575,000.00. Following the transaction, the insider now owns 319,454 shares of the company’s stock, valued at $22,090,244.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Edward W. Scripps sold 354,810 shares of the stock in a transaction on Thursday, November 10th. The shares were sold at an average price of $65.23, for a total value of $23,144,256.30. Following the completion of the transaction, the insider now directly owns 337,848 shares in the company, valued at approximately $22,037,825.04. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.

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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