OLD Second National Bank of Aurora decreased its stake in Scripps Networks Interactive, Inc. (NASDAQ:SNI) by 1.1% during the first quarter, Holdings Channel reports. The firm owned 30,500 shares of the company’s stock after selling 343 shares during the period. OLD Second National Bank of Aurora’s holdings in Scripps Networks Interactive were worth $2,391,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its stake in Scripps Networks Interactive by 40.5% in the third quarter. Tower Research Capital LLC TRC now owns 1,794 shares of the company’s stock valued at $114,000 after buying an additional 517 shares during the period. Salem Investment Counselors Inc. acquired a new stake in Scripps Networks Interactive during the third quarter valued at $116,000. Contravisory Investment Management Inc. raised its stake 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. acquired a new stake in Scripps Networks Interactive during the fourth quarter valued at $136,000. Finally, Virtus Investment Advisers Inc. acquired a new stake in Scripps Networks Interactive during the third quarter valued at $157,000. Hedge funds and other institutional investors own 66.76% of the company’s stock.

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

Scripps Networks Interactive, Inc. (NASDAQ:SNI) traded down 0.76% on Tuesday, hitting $74.25. 842,917 shares of the company were exchanged. The firm has a market cap of $9.61 billion, a price-to-earnings ratio of 14.33 and a beta of 1.16. The stock has a 50 day moving average price of $78.29 and a 200 day moving average price of $72.66. Scripps Networks Interactive, Inc. has a one year low of $58.73 and a one year high of $83.42.

Scripps Networks Interactive (NASDAQ:SNI) last announced its earnings results on Tuesday, February 21st. The company reported $1.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.07 by $0.05. Scripps Networks Interactive had a return on equity of 34.21% and a net margin of 23.37%. The business had revenue of $888.70 million for the quarter, compared to analyst estimates of $879.45 million. During the same quarter in the previous year, the company posted $1.20 EPS. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. On average, equities research analysts forecast that Scripps Networks Interactive, Inc. will post $5.42 EPS for the current fiscal year.

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Several research firms recently weighed in 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 stock a “sector perform” rating in a research note on Wednesday, February 22nd. Needham & Company LLC increased their price objective on shares of Scripps Networks Interactive from $82.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, February 22nd. MKM Partners reiterated a “neutral” rating on shares of Scripps Networks Interactive in a research note on Thursday, February 23rd. Stifel Nicolaus increased their price objective on shares of Scripps Networks Interactive from $75.00 to $90.00 and gave the stock a “positive” rating in a research note on Wednesday, February 22nd. Finally, Guggenheim reiterated a “neutral” rating and set a $82.00 price objective on shares of Scripps Networks Interactive in a research note on Wednesday, February 22nd. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the stock. Scripps Networks Interactive presently has an average rating of “Hold” and a consensus target price of $74.77.

In other Scripps Networks Interactive news, major shareholder William A. Scripps sold 200,000 shares of the company’s stock in a transaction on Friday, March 3rd. The shares were sold at an average price of $78.19, for a total transaction of $15,638,000.00. Following the sale, the insider now directly owns 117,535 shares of the company’s stock, valued at $9,190,061.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Jimmy R. Scripps sold 100,000 shares of the company’s stock in a transaction on Tuesday, March 7th. The stock was sold at an average price of $77.94, for a total transaction of $7,794,000.00. Following the sale, the insider now directly owns 473,706 shares in the company, valued at $36,920,645.64. The disclosure for this sale can be found here. Insiders have sold 1,413,093 shares of company stock valued at $111,837,282 in the last 90 days. 2.30% of the stock is currently owned by corporate 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

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