Thrivent Financial For Lutherans Has $106.55 Million Position in Scripps Networks Interactive, Inc (SNI)
Thrivent Financial For Lutherans increased its position in Scripps Networks Interactive, Inc (NASDAQ:SNI) by 16.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,559,835 shares of the company’s stock after acquiring an additional 217,390 shares during the quarter. Thrivent Financial For Lutherans owned about 1.20% of Scripps Networks Interactive worth $106,553,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC increased its holdings in Scripps Networks Interactive by 93.9% in the 1st quarter. SG Americas Securities LLC now owns 40,921 shares of the company’s stock worth $3,207,000 after acquiring an additional 19,812 shares in the last quarter. Soros Fund Management LLC purchased a new stake in Scripps Networks Interactive in the 1st quarter worth approximately $4,945,000. LMR Partners LLP purchased a new stake in Scripps Networks Interactive in the 2nd quarter worth approximately $1,380,000. BlackRock Inc. increased its holdings in Scripps Networks Interactive by 4,188.7% in the 1st quarter. BlackRock Inc. now owns 7,146,555 shares of the company’s stock worth $560,078,000 after acquiring an additional 6,979,918 shares in the last quarter. Finally, State of Wisconsin Investment Board increased its holdings in Scripps Networks Interactive by 21.2% in the 1st quarter. State of Wisconsin Investment Board now owns 54,509 shares of the company’s stock worth $4,272,000 after acquiring an additional 9,529 shares in the last quarter. 75.90% of the stock is owned by institutional investors.
In related news, Director Jeffrey Sagansky sold 1,159 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $87.83, for a total transaction of $101,794.97. Following the completion of the sale, the director now directly owns 9,457 shares in the company, valued at $830,608.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.50% of the stock is currently owned by insiders.
SNI has been the subject of several analyst reports. Zacks Investment Research lowered shares of Scripps Networks Interactive from a “hold” rating to a “sell” rating in a report on Monday, July 17th. Wells Fargo & Company began coverage on shares of Scripps Networks Interactive in a report on Thursday, July 20th. They set a “market perform” rating and a $82.00 price objective for the company. Morgan Stanley increased their price objective on shares of Scripps Networks Interactive from $82.00 to $90.00 and gave the company an “equal weight” rating in a report on Thursday, August 24th. Moffett Nathanson reaffirmed a “sell” rating on shares of Scripps Networks Interactive in a report on Friday, June 9th. Finally, J P Morgan Chase & Co reaffirmed an “overweight” rating and set a $83.00 price objective on shares of Scripps Networks Interactive in a report on Monday, July 10th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $84.20.
Scripps Networks Interactive, Inc (NASDAQ SNI) traded up 0.79% on Friday, hitting $86.01. The stock had a trading volume of 2,030,403 shares. Scripps Networks Interactive, Inc has a 12 month low of $59.32 and a 12 month high of $88.45. The company has a market cap of $11.17 billion, a PE ratio of 17.75 and a beta of 1.47. The company has a 50-day moving average of $86.23 and a 200 day moving average of $76.11.
The company also recently declared a quarterly dividend, which was paid on Sunday, September 10th. Investors of record on Thursday, August 31st were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend was Tuesday, August 29th. Scripps Networks Interactive’s payout ratio is 24.79%.
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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