Murphy Pohlad Asset Management LLC held its stake in Scripps Networks Interactive, Inc. (NASDAQ:SNI) during the first quarter, Holdings Channel reports. The institutional investor owned 36,765 shares of the company’s stock at the end of the first quarter. Scripps Networks Interactive accounts for approximately 2.1% of Murphy Pohlad Asset Management LLC’s holdings, making the stock its 17th largest position. Murphy Pohlad Asset Management LLC’s holdings in Scripps Networks Interactive were worth $2,881,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Scripps Networks Interactive by 0.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,461 shares of the company’s stock valued at $390,000 after buying an additional 24 shares during the last quarter. LBA Wealth Management LLC increased its position in shares of Scripps Networks Interactive by 0.6% in the fourth quarter. LBA Wealth Management LLC now owns 8,665 shares of the company’s stock valued at $618,000 after buying an additional 50 shares during the last quarter. Public Sector Pension Investment Board increased its position in shares of Scripps Networks Interactive by 0.5% in the fourth quarter. Public Sector Pension Investment Board now owns 20,984 shares of the company’s stock valued at $1,498,000 after buying an additional 100 shares during the last quarter. Norinchukin Bank The increased its position in shares of Scripps Networks Interactive by 2.3% in the third quarter. Norinchukin Bank The now owns 5,097 shares of the company’s stock valued at $324,000 after buying an additional 113 shares during the last quarter. Finally, Huntington National Bank increased its position in shares of Scripps Networks Interactive by 3.8% in the first quarter. Huntington National Bank now owns 5,164 shares of the company’s stock valued at $405,000 after buying an additional 190 shares during the last quarter. Institutional investors own 66.76% of the company’s stock.

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

Scripps Networks Interactive, Inc. (NASDAQ:SNI) traded down 0.60% on Friday, hitting $75.15. The stock had a trading volume of 1,029,320 shares. Scripps Networks Interactive, Inc. has a 1-year low of $58.73 and a 1-year high of $83.42. The company’s 50 day moving average is $77.83 and its 200-day moving average is $72.78. The firm has a market capitalization of $9.72 billion, a price-to-earnings ratio of 14.51 and a beta of 1.16.

Scripps Networks Interactive (NASDAQ:SNI) last posted its quarterly earnings results on Tuesday, February 21st. The company reported $1.02 earnings per share for the quarter, missing the consensus estimate of $1.07 by $0.05. Scripps Networks Interactive had a net margin of 23.37% and a return on equity of 34.21%. The company earned $888.70 million during the quarter, compared to the consensus estimate of $879.45 million. During the same period last year, the firm posted $1.20 earnings per share. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. On average, analysts forecast that Scripps Networks Interactive, Inc. will post $5.42 EPS for the current year.

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Several research analysts have recently commented on the company. Zacks Investment Research downgraded Scripps Networks Interactive from a “buy” rating to a “hold” rating in a report on Thursday, February 23rd. MKM Partners reissued a “neutral” rating on shares of Scripps Networks Interactive in a report on Thursday, February 23rd. Royal Bank of Canada reissued a “sector perform” rating and issued a $87.00 target price (up from $70.00) on shares of Scripps Networks Interactive in a report on Wednesday, February 22nd. Stifel Nicolaus boosted their target price on Scripps Networks Interactive from $75.00 to $90.00 and gave the stock a “positive” rating in a report on Wednesday, February 22nd. Finally, Needham & Company LLC boosted their target price on Scripps Networks Interactive from $78.00 to $82.00 and gave the stock a “buy” rating in a report on Monday, January 9th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the stock. Scripps Networks Interactive currently has an average rating of “Hold” and a consensus target price of $74.77.

In other news, major shareholder Eva Scripps Attal sold 319,454 shares of the business’s stock in a transaction dated Friday, February 24th. The shares were sold at an average price of $80.64, for a total transaction of $25,760,770.56. Following the completion of the sale, the insider now directly owns 6,085 shares of the company’s stock, valued at $490,694.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Michael R. Costa sold 9,390 shares of the business’s stock in a transaction dated Monday, March 20th. The stock was sold at an average price of $79.24, for a total transaction of $744,063.60. Following the sale, the director now directly owns 12,333 shares of the company’s stock, valued at $977,266.92. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,413,093 shares of company stock valued at $111,837,282. 2.30% of the stock is currently owned by insiders.

Scripps Networks Interactive Company 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.

5 Day Chart for NASDAQ:SNI

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