HL Financial Services LLC Has $2,736,000 Stake in Scripps Networks Interactive Inc. (SNI)
HL Financial Services LLC increased its position in Scripps Networks Interactive Inc. (NASDAQ:SNI) by 0.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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.
Several other large investors also recently modified their holdings of the company. NN Investment Partners Holdings N.V. acquired a new position in shares of Scripps Networks Interactive during the first quarter valued at about $47,515,000. Norges Bank purchased a new position in shares of Scripps Networks Interactive during the fourth quarter worth $39,318,000. Wellington Management Group LLP raised its position in shares of Scripps Networks Interactive by 144.7% in the first quarter. Wellington Management Group LLP now owns 1,068,220 shares of the company’s stock worth $69,969,000 after buying an additional 631,753 shares in the last quarter. TIAA CREF Investment Management LLC raised its position in shares of Scripps Networks Interactive by 76.7% in the first quarter. TIAA CREF Investment Management LLC now owns 1,033,275 shares of the company’s stock worth $67,680,000 after buying an additional 448,521 shares in the last quarter. Finally, Virginia Retirement System purchased a new position in shares of Scripps Networks Interactive during the first quarter worth $16,266,000. Hedge funds and other institutional investors own 66.35% of the company’s stock.
Scripps Networks Interactive Inc. (NASDAQ:SNI) traded up 0.25% during trading on Wednesday, hitting $59.82. The stock had a trading volume of 1,099,116 shares. The stock’s 50 day moving average price is $63.28 and its 200 day moving average price is $64.09. Scripps Networks Interactive Inc. has a 12-month low of $47.62 and a 12-month high of $68.44. The firm has a market cap of $7.72 billion, a P/E ratio of 10.15 and a beta of 1.24.
Scripps Networks Interactive (NASDAQ:SNI) last issued its quarterly earnings results on Tuesday, August 9th. The company reported $1.58 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.50 by $0.08. The firm had revenue of $892.80 million for the quarter, compared to analysts’ expectations of $893.46 million. Scripps Networks Interactive had a return on equity of 35.33% and a net margin of 22.91%. 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 EPS. On average, analysts anticipate that Scripps Networks Interactive Inc. will post $5.16 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Saturday, September 10th. Investors of record on Wednesday, August 31st were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.67%. The ex-dividend date was Monday, August 29th. Scripps Networks Interactive’s dividend payout ratio (DPR) is presently 16.98%.
A number of brokerages have recently weighed in on SNI. Stifel Nicolaus raised 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. Citigroup Inc. cut their price objective on Scripps Networks Interactive from $65.00 to $62.00 and set a “neutral” rating on the stock in a report on Thursday, August 25th. Jefferies Group cut their price objective on Scripps Networks Interactive from $69.00 to $67.00 and set a “hold” rating on the stock in a report on Wednesday, August 10th. MKM Partners reissued a “hold” rating on shares of Scripps Networks Interactive in a report on Monday, July 18th. Finally, Evercore ISI lowered 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. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $69.73.
In other Scripps Networks Interactive news, major shareholder Edward W. Scripps sold 45,190 shares of the business’s stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of $62.17, for a total transaction of $2,809,462.30. Following the transaction, the insider now owns 130,000 shares in the company, valued at approximately $8,082,100. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Cynthia J. Scripps sold 95,000 shares of the business’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 value of $6,001,150.00. Following the transaction, the insider now owns 65,706 shares in the company, valued at approximately $4,150,648.02. The disclosure for this sale can be found here. 2.30% of the stock is owned by corporate insiders.
Scripps Networks Interactive Company Profile
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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