Sei Investments Co. reduced its stake in shares of Scripps Networks Interactive, Inc (NASDAQ:SNI) by 0.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 241,510 shares of the company’s stock after selling 1,760 shares during the period. Sei Investments Co. owned 0.25% of Scripps Networks Interactive worth $16,497,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. raised its stake in shares of Scripps Networks Interactive by 4,188.7% in the first quarter. BlackRock Inc. now owns 7,146,555 shares of the company’s stock valued at $560,078,000 after buying an additional 6,979,918 shares during the period. Smead Capital Management Inc. raised its stake in shares of Scripps Networks Interactive by 199.0% in the second quarter. Smead Capital Management Inc. now owns 910,817 shares of the company’s stock valued at $62,218,000 after buying an additional 606,218 shares during the period. Ardevora Asset Management LLP bought a new stake in shares of Scripps Networks Interactive during the second quarter valued at about $36,286,000. WINTON GROUP Ltd raised its stake in shares of Scripps Networks Interactive by 114.5% in the first quarter. WINTON GROUP Ltd now owns 670,023 shares of the company’s stock valued at $42,540,000 after buying an additional 357,704 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of Scripps Networks Interactive by 40.5% in the first quarter. Bank of New York Mellon Corp now owns 1,166,026 shares of the company’s stock valued at $91,381,000 after buying an additional 335,940 shares during the period. Institutional investors and hedge funds own 70.48% of the company’s stock.

Scripps Networks Interactive, Inc (NASDAQ SNI) opened at 87.29 on Monday. The stock has a market capitalization of $11.33 billion, a P/E ratio of 19.51 and a beta of 1.49. Scripps Networks Interactive, Inc has a 52 week low of $59.32 and a 52 week high of $88.45. The firm’s 50-day moving average is $71.91 and its 200-day moving average is $73.93.

Scripps Networks Interactive (NASDAQ:SNI) last issued its quarterly earnings data on Thursday, May 4th. The company reported $1.53 EPS for the quarter, beating the Zacks’ consensus estimate of $1.18 by $0.35. The firm had revenue of $855 million for the quarter, compared to analysts’ expectations of $856.98 million. Scripps Networks Interactive had a net margin of 16.94% and a return on equity of 30.71%. The firm’s revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.37 EPS. On average, equities research analysts predict that Scripps Networks Interactive, Inc will post $5.49 EPS for the current fiscal year.

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Several analysts have recently issued reports on SNI shares. Zacks Investment Research lowered shares of Scripps Networks Interactive from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. Wells Fargo & Company assumed coverage on shares of Scripps Networks Interactive in a research report on Thursday, July 20th. They set a “market perform” rating and a $82.00 price target on the stock. Moffett Nathanson restated a “sell” rating on shares of Scripps Networks Interactive in a research report on Friday, June 9th. J P Morgan Chase & Co upgraded shares of Scripps Networks Interactive to a “neutral” rating and set a $83.00 price target on the stock in a research report on Monday, May 15th. Finally, Jefferies Group LLC restated a “hold” rating and set a $76.00 price target on shares of Scripps Networks Interactive in a research report on Friday, May 5th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $82.47.

In other Scripps Networks Interactive news, major shareholder Gerald J. Scripps sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $69.65, for a total transaction of $2,089,500.00. Following the sale, the insider now directly owns 78,323 shares of the company’s stock, valued at approximately $5,455,196.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Edward W. Scripps sold 300,000 shares of the firm’s stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $66.96, for a total transaction of $20,088,000.00. Following the sale, the insider now directly owns 232,071 shares in the company, valued at $15,539,474.16. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by corporate insiders.

About Scripps Networks Interactive

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.

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

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