Trustmark National Bank Trust Department lessened its stake in shares of Scripps Networks Interactive, Inc (NASDAQ:SNI) by 8.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 29,780 shares of the company’s stock after selling 2,883 shares during the period. Trustmark National Bank Trust Department’s holdings in Scripps Networks Interactive were worth $2,034,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the stock. Mascoma Wealth Management LLC bought a new stake in Scripps Networks Interactive during the 2nd quarter valued at $130,000. Federated Investors Inc. PA increased its stake in Scripps Networks Interactive by 48.4% during the 2nd quarter. Federated Investors Inc. PA now owns 2,378 shares of the company’s stock valued at $163,000 after purchasing an additional 776 shares in the last quarter. SRS Capital Advisors Inc. increased its stake in Scripps Networks Interactive by 13.3% during the 1st quarter. SRS Capital Advisors Inc. now owns 2,152 shares of the company’s stock valued at $168,000 after purchasing an additional 252 shares in the last quarter. Assetmark Inc. increased its stake in Scripps Networks Interactive by 2.7% during the 1st quarter. Assetmark Inc. now owns 2,542 shares of the company’s stock valued at $199,000 after purchasing an additional 67 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. increased its stake in Scripps Networks Interactive by 1.1% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,954 shares of the company’s stock valued at $202,000 after purchasing an additional 32 shares in the last quarter. Institutional investors own 75.85% of the company’s stock.

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A number of analysts have commented on SNI shares. Gabelli restated a “buy” rating on shares of Scripps Networks Interactive in a research note on Thursday, July 27th. Citigroup Inc. upgraded shares of Scripps Networks Interactive from a “sell” rating to a “neutral” rating and boosted their price target for the company from $66.00 to $90.00 in a research note on Tuesday, August 1st. Zacks Investment Research upgraded shares of Scripps Networks Interactive from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. KeyCorp restated a “hold” rating on shares of Scripps Networks Interactive in a research note on Friday, August 25th. Finally, Royal Bank Of Canada boosted their price target on shares of Scripps Networks Interactive from $76.00 to $90.00 and gave the company an “outperform” rating in a research note on Thursday, August 17th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $84.20.

Scripps Networks Interactive, Inc (NASDAQ:SNI) traded down 0.11% during trading on Tuesday, reaching $85.57. 282,846 shares of the company traded hands. Scripps Networks Interactive, Inc has a 52 week low of $59.32 and a 52 week high of $88.45. The company’s 50-day moving average price is $86.19 and its 200 day moving average price is $76.10. The firm has a market capitalization of $11.11 billion, a price-to-earnings ratio of 17.66 and a beta of 1.47.

The company also recently declared a quarterly dividend, which was paid on Sunday, September 10th. Shareholders of record on Thursday, August 31st were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, August 29th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.40%. Scripps Networks Interactive’s dividend payout ratio is currently 24.79%.

In other Scripps Networks Interactive news, Director Jeffrey Sagansky sold 1,159 shares of the business’s stock in a transaction dated 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 approximately $830,608.31. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 2.50% of the company’s stock.

Scripps Networks Interactive 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.

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

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