Scripps Networks Interactive Inc. (NASDAQ:SNI) was the target of a large growth in short interest in August. As of August 31st, there was short interest totalling 12,321,193 shares, a growth of 12.0% from the August 15th total of 11,004,083 shares. Currently, 15.3% of the shares of the stock are short sold. Based on an average daily volume of 737,349 shares, the days-to-cover ratio is presently 16.7 days.

In other news, major shareholder Cynthia J. Scripps sold 95,000 shares of Scripps Networks Interactive stock in a transaction dated Thursday, September 8th. The shares were sold at an average price of $63.17, for a total transaction of $6,001,150.00. Following the completion of the sale, the insider now directly owns 65,706 shares in the company, valued at $4,150,648.02. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Julia Scripps Heidt sold 152,863 shares of Scripps Networks Interactive stock in a transaction dated Friday, September 16th. The stock was sold at an average price of $60.44, for a total transaction of $9,239,039.72. Following the sale, the insider now owns 208,766 shares of the company’s stock, valued at $12,617,817.04. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by insiders.

Several large investors have recently made changes to their positions in the stock. Boston Partners boosted its stake in shares of Scripps Networks Interactive by 2,097.4% in the second quarter. Boston Partners now owns 1,407,636 shares of the company’s stock valued at $87,653,000 after buying an additional 1,343,577 shares during the last quarter. Schroder Investment Management Group boosted its stake in shares of Scripps Networks Interactive by 95.2% in the second quarter. Schroder Investment Management Group now owns 2,148,028 shares of the company’s stock valued at $133,758,000 after buying an additional 1,047,600 shares during the last quarter. NN Investment Partners Holdings N.V. purchased a new stake in shares of Scripps Networks Interactive during the first quarter valued at approximately $47,515,000. Norges Bank purchased a new stake in shares of Scripps Networks Interactive during the fourth quarter valued at approximately $39,318,000. Finally, Wellington Management Group LLP boosted its stake 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 valued at $69,969,000 after buying an additional 631,753 shares during the last quarter. 66.35% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts recently issued reports on the stock. Stifel Nicolaus raised shares of Scripps Networks Interactive from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research report on Wednesday, July 20th. Argus reaffirmed a “buy” rating and set a $100.00 price target on shares of Scripps Networks Interactive in a research report on Tuesday, August 16th. Evercore ISI cut shares of Scripps Networks Interactive from a “buy” rating to a “hold” rating and set a $68.00 price target on the stock. in a research report on Wednesday, August 10th. Jefferies Group reduced their price target on shares of Scripps Networks Interactive from $69.00 to $67.00 and set a “hold” rating on the stock in a research report on Wednesday, August 10th. Finally, MKM Partners reaffirmed a “hold” rating on shares of Scripps Networks Interactive in a research report on Monday, July 18th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the company. Scripps Networks Interactive has an average rating of “Hold” and an average price target of $69.73.

Shares of Scripps Networks Interactive (NASDAQ:SNI) opened at 59.82 on Thursday. The company has a 50 day moving average of $63.28 and a 200-day moving average of $64.09. Scripps Networks Interactive has a 52 week low of $47.62 and a 52 week high of $68.44. The company has a market cap of $7.72 billion, a price-to-earnings ratio of 10.15 and a beta of 1.24.

Scripps Networks Interactive (NASDAQ:SNI) last announced its quarterly earnings results on Tuesday, August 9th. The company reported $1.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.50 by $0.08. The business earned $892.80 million during 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 quarterly revenue was up 22.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.47 EPS. On average, equities research analysts expect that Scripps Networks Interactive will post $5.16 earnings per share for the current fiscal year.

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

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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