Williams Jones & Associates LLC cut its position in shares of Scripps Networks Interactive, Inc (NASDAQ:SNI) by 81.6% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 36,075 shares of the company’s stock after selling 160,400 shares during the quarter. Williams Jones & Associates LLC’s holdings in Scripps Networks Interactive were worth $2,464,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently modified their holdings of the stock. YorkBridge Wealth Partners LLC boosted its position in Scripps Networks Interactive by 14.2% during the second quarter. YorkBridge Wealth Partners LLC now owns 1,552 shares of the company’s stock worth $106,000 after purchasing an additional 193 shares in the last quarter. Mascoma Wealth Management LLC purchased a new position in shares of Scripps Networks Interactive in the second quarter valued at $130,000. Federated Investors Inc. PA increased its position in shares of Scripps Networks Interactive by 48.4% in the second quarter. Federated Investors Inc. PA now owns 2,378 shares of the company’s stock valued at $163,000 after buying an additional 776 shares in the last quarter. SRS Capital Advisors Inc. increased its position in shares of Scripps Networks Interactive by 13.3% in the first quarter. SRS Capital Advisors Inc. now owns 2,152 shares of the company’s stock valued at $168,000 after buying an additional 252 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. increased its position in shares of Scripps Networks Interactive by 1.1% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,954 shares of the company’s stock valued at $202,000 after buying an additional 32 shares in the last quarter. 75.85% of the stock is owned by hedge funds and other institutional investors.

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 sale, the director now 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 through this link. Company insiders own 2.50% of the company’s stock.

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SNI has been the subject of several research reports. Royal Bank Of Canada reaffirmed a “hold” rating and set a $90.00 price target on shares of Scripps Networks Interactive in a research note on Wednesday, September 20th. Sanford C. Bernstein reissued a “market perform” rating on shares of Scripps Networks Interactive in a research note on Tuesday, September 12th. Cowen and Company reissued a “hold” rating and issued a $90.00 price objective on shares of Scripps Networks Interactive in a research note on Friday, September 8th. BidaskClub downgraded shares of Scripps Networks Interactive from a “buy” rating to a “hold” rating in a report on Saturday, September 2nd. Finally, KeyCorp restated a “hold” rating on shares of Scripps Networks Interactive in a report on Friday, August 25th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and three have given a buy rating to the company. Scripps Networks Interactive presently has an average rating of “Hold” and an average price target of $84.20.

Shares of Scripps Networks Interactive, Inc (NASDAQ SNI) traded up 0.13% on Wednesday, reaching $86.25. The company’s stock had a trading volume of 137,415 shares. Scripps Networks Interactive, Inc has a 1-year low of $60.63 and a 1-year high of $88.45. The stock has a market capitalization of $11.20 billion, a PE ratio of 17.80 and a beta of 1.47. The stock has a 50-day moving average of $85.74 and a 200 day moving average of $76.66.

The business also recently declared a quarterly dividend, which was paid on Sunday, September 10th. Investors of record on Thursday, August 31st were given a $0.30 dividend. The ex-dividend date was Tuesday, August 29th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.39%. Scripps Networks Interactive’s dividend payout ratio (DPR) is 24.79%.

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.

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

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