Blair William & Co. IL boosted its position in Scripps Networks Interactive Inc. (NASDAQ:SNI) by 9.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,368 shares of the company’s stock after buying an additional 278 shares during the period. Blair William & Co. IL’s holdings in Scripps Networks Interactive were worth $210,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of SNI. Winslow Evans & Crocker Inc. increased its stake in 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 in the last quarter. Mn Services Vermogensbeheer B.V. increased its stake 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 in the last quarter. NEXT Financial Group Inc increased its stake 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 in the last quarter. Barnett & Company Inc. bought a new stake in Scripps Networks Interactive during the first quarter valued at $177,000. Finally, Sentry Investment Management LLC increased its stake in Scripps Networks Interactive by 76.9% in the first quarter. Sentry Investment Management LLC now owns 3,099 shares of the company’s stock valued at $203,000 after buying an additional 1,347 shares in the last quarter. 66.39% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Scripps Networks Interactive Inc. (NASDAQ:SNI) traded down 0.73% during midday trading on Tuesday, hitting $59.67. 832,771 shares of the stock were exchanged. The firm has a 50-day moving average price of $63.65 and a 200 day moving average price of $64.14. The firm has a market cap of $7.70 billion, a PE ratio of 10.13 and a beta of 1.24. Scripps Networks Interactive Inc. has a 12-month low of $47.62 and a 12-month high of $68.44.

Scripps Networks Interactive (NASDAQ:SNI) last announced its earnings results on Tuesday, August 9th. The company reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.50 by $0.08. The business had revenue of $892.80 million for the quarter, compared to analyst estimates of $893.46 million. Scripps Networks Interactive had a net margin of 22.91% and a return on equity of 35.33%. The company’s revenue for the quarter was up 22.0% compared to the same quarter last year. During the same period last year, the firm posted $1.47 earnings per share. Analysts predict that Scripps Networks Interactive Inc. will post $5.16 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Saturday, September 10th. Stockholders of record on Wednesday, August 31st were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, August 29th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.66%. Scripps Networks Interactive’s dividend payout ratio (DPR) is presently 16.98%.

Several analysts have recently commented on the stock. Stifel Nicolaus raised shares of Scripps Networks Interactive from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a report on Wednesday, July 20th. Argus reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Scripps Networks Interactive in a report on Tuesday, August 16th. Evercore ISI downgraded 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 report on Wednesday, August 10th. Jefferies Group dropped their price objective on shares of Scripps Networks Interactive from $69.00 to $67.00 and set a “hold” rating on the stock in a report on Wednesday, August 10th. Finally, MKM Partners reiterated a “hold” rating on shares of Scripps Networks Interactive in a research note on Monday, July 18th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the company’s stock. Scripps Networks Interactive currently has an average rating of “Hold” and a consensus price target of $69.73.

In related news, major shareholder Julia Scripps Heidt sold 152,863 shares of Scripps Networks Interactive stock in a transaction on Friday, September 16th. The shares were sold at an average price of $60.44, for a total value of $9,239,039.72. Following the transaction, the insider now directly owns 208,766 shares in the company, valued at approximately $12,617,817.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Edward W. Scripps sold 45,190 shares of Scripps Networks Interactive stock in a transaction on Monday, September 12th. The shares were sold at an average price of $62.17, for a total transaction of $2,809,462.30. Following the completion of the transaction, the insider now owns 130,000 shares in the company, valued at $8,082,100. 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.

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