Scripps Networks Interactive, Inc. (SNI) Position Raised by Swiss National Bank

Swiss National Bank increased its stake in shares of Scripps Networks Interactive, Inc. (NASDAQ:SNI) by 28.3% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 286,861 shares of the company’s stock after buying an additional 63,200 shares during the period. Swiss National Bank owned 0.22% of Scripps Networks Interactive worth $22,481,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Salem Investment Counselors Inc. bought a new position in Scripps Networks Interactive during the third quarter valued at about $116,000. Contravisory Investment Management Inc. boosted its position in Scripps Networks Interactive by 68.5% in the first quarter. Contravisory Investment Management Inc. now owns 1,586 shares of the company’s stock valued at $124,000 after buying an additional 645 shares during the period. SRS Capital Advisors Inc. bought a new position in Scripps Networks Interactive during the fourth quarter valued at about $136,000. James Investment Research Inc. bought a new position in Scripps Networks Interactive during the first quarter valued at about $147,000. Finally, Virtus Investment Advisers Inc. bought a new position in Scripps Networks Interactive during the third quarter valued at about $157,000. Institutional investors and hedge funds own 66.76% of the company’s stock.

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

Shares of Scripps Networks Interactive, Inc. (NASDAQ:SNI) traded up 1.86% during midday trading on Friday, hitting $67.86. 743,746 shares of the company traded hands. The stock’s 50-day moving average is $73.58 and its 200 day moving average is $73.95. The stock has a market capitalization of $8.81 billion, a P/E ratio of 15.16 and a beta of 1.16. Scripps Networks Interactive, Inc. has a 12-month low of $58.73 and a 12-month high of $83.42.

Scripps Networks Interactive (NASDAQ:SNI) last released its quarterly earnings data on Thursday, May 4th. The company reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.35. Scripps Networks Interactive had a net margin of 23.37% and a return on equity of 34.21%. The business had revenue of $855 million for the quarter, compared to analyst estimates of $856.98 million. During the same quarter last year, the firm earned $1.37 EPS. Scripps Networks Interactive’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, analysts expect that Scripps Networks Interactive, Inc. will post $5.50 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, June 10th. Investors of record on Wednesday, May 31st will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend is Friday, May 26th. Scripps Networks Interactive’s payout ratio is 16.53%.

ILLEGAL ACTIVITY NOTICE: “Scripps Networks Interactive, Inc. (SNI) Position Raised by Swiss National Bank” was published by Markets Daily and is the property of of Markets Daily. If you are reading this piece of content on another site, it was illegally stolen and republished in violation of U.S. & international copyright laws. The legal version of this piece of content can be viewed at https://www.themarketsdaily.com/2017/05/19/scripps-networks-interactive-inc-sni-position-raised-by-swiss-national-bank.html.

Several research firms have recently issued reports on SNI. Royal Bank of Canada increased their price objective on shares of Scripps Networks Interactive from $70.00 to $87.00 and gave the company a “sector perform” rating in a report on Wednesday, February 22nd. Needham & Company LLC increased their target price on shares of Scripps Networks Interactive from $82.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, February 22nd. JPMorgan Chase & Co. raised shares of Scripps Networks Interactive from an “underweight” rating to a “neutral” rating and set a $83.00 target price for the company in a research note on Friday, May 5th. MKM Partners reissued a “neutral” rating on shares of Scripps Networks Interactive in a research note on Thursday, February 23rd. Finally, Jefferies Group LLC reissued a “hold” rating and set a $76.00 target price on shares of Scripps Networks Interactive in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $77.42.

In other Scripps Networks Interactive news, COO Burton F. Jablin sold 14,321 shares of Scripps Networks Interactive stock in a transaction that occurred on Friday, March 3rd. The shares were sold at an average price of $78.45, for a total value of $1,123,482.45. Following the transaction, the chief operating officer now owns 48,037 shares of the company’s stock, valued at $3,768,502.65. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Eva Scripps Attal sold 319,454 shares of Scripps Networks Interactive stock in a transaction that occurred on 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 transaction, the insider now directly owns 6,085 shares in the company, valued at approximately $490,694.40. The disclosure for this sale can be found here. Insiders have sold a total of 1,489,559 shares of company stock worth $117,226,333 in the last three months. 2.30% of the stock is 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

Receive News & Ratings for Scripps Networks Interactive Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Scripps Networks Interactive Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply