HL Financial Services LLC raised its stake in Scripps Networks Interactive Inc. (NASDAQ:SNI) by 0.7% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 43,945 shares of the company’s stock after buying an additional 304 shares during the period. HL Financial Services LLC’s holdings in Scripps Networks Interactive were worth $2,736,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in SNI. Grimes & Company Inc. boosted its stake in Scripps Networks Interactive by 1.0% in the second quarter. Grimes & Company Inc. now owns 71,259 shares of the company’s stock worth $4,437,000 after buying an additional 674 shares in the last quarter. Bank of Montreal Can purchased a new stake in Scripps Networks Interactive during the second quarter worth $9,089,000. Shell Asset Management Co. boosted its stake in Scripps Networks Interactive by 2.2% in the second quarter. Shell Asset Management Co. now owns 18,709 shares of the company’s stock worth $1,165,000 after buying an additional 402 shares in the last quarter. Northwest Investment Counselors LLC raised its stake in Scripps Networks Interactive by 2.9% in the second quarter. Northwest Investment Counselors LLC now owns 25,813 shares of the company’s stock worth $1,607,000 after buying an additional 727 shares during the last quarter. Finally, New York State Teachers Retirement System raised its stake in Scripps Networks Interactive by 5.7% in the second quarter. New York State Teachers Retirement System now owns 169,728 shares of the company’s stock worth $10,569,000 after buying an additional 9,215 shares during the last quarter. Institutional investors own 66.35% of the company’s stock.

Shares of Scripps Networks Interactive Inc. (NASDAQ:SNI) traded up 0.25% during mid-day trading on Wednesday, reaching $59.82. The company had a trading volume of 1,099,116 shares. The company’s 50-day moving average is $63.28 and its 200 day moving average is $64.09. The stock has a market capitalization of $7.72 billion, a P/E ratio of 10.15 and a beta of 1.24. Scripps Networks Interactive Inc. has a 52-week low of $47.62 and a 52-week high of $68.44.

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

The company also recently declared a quarterly dividend, which was paid on Saturday, September 10th. Shareholders of record on Wednesday, August 31st were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, August 29th. This represents a $1.00 dividend on an annualized basis and a yield of 1.67%. Scripps Networks Interactive’s dividend payout ratio (DPR) is presently 16.98%.

A number of equities research analysts recently issued reports on the company. Jefferies Group reduced their target price on Scripps Networks Interactive from $69.00 to $67.00 and set a “hold” rating on the stock in a research note on Wednesday, August 10th. Argus reaffirmed a “buy” rating and issued a $100.00 target price on shares of Scripps Networks Interactive in a research note on Tuesday, August 16th. Stifel Nicolaus raised Scripps Networks Interactive from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research note on Wednesday, July 20th. JPMorgan Chase & Co. reaffirmed a “hold” rating on shares of Scripps Networks Interactive in a research note on Friday, July 8th. Finally, MKM Partners reaffirmed a “hold” rating on shares of Scripps Networks Interactive in a research note on Monday, July 18th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $69.73.

In other news, major shareholder Julia Scripps Heidt sold 152,863 shares of the company’s stock in a transaction that occurred on Friday, September 16th. The shares were sold at an average price of $60.44, for a total transaction of $9,239,039.72. Following the transaction, the insider now directly owns 208,766 shares in the company, valued at $12,617,817.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Cynthia J. Scripps sold 95,000 shares of the company’s stock in a transaction that occurred on Thursday, September 8th. The stock was 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 $4,150,648.02. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by company 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.

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