State of Tennessee Treasury Department boosted its holdings in Scripps Networks Interactive, Inc (NASDAQ:SNI) by 196.5% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 77,769 shares of the company’s stock after acquiring an additional 51,538 shares during the period. State of Tennessee Treasury Department owned about 0.06% of Scripps Networks Interactive worth $6,680,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of SNI. Teachers Advisors LLC raised its holdings in shares of Scripps Networks Interactive by 86.6% during the first quarter. Teachers Advisors LLC now owns 185,011 shares of the company’s stock valued at $14,499,000 after buying an additional 85,844 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Scripps Networks Interactive by 0.8% during the first quarter. Dimensional Fund Advisors LP now owns 481,249 shares of the company’s stock valued at $37,716,000 after buying an additional 3,814 shares during the last quarter. Atria Investments LLC increased its stake in shares of Scripps Networks Interactive by 6.2% during the second quarter. Atria Investments LLC now owns 4,741 shares of the company’s stock valued at $324,000 after acquiring an additional 276 shares during the period. Bank of Montreal Can increased its stake in shares of Scripps Networks Interactive by 47.0% during the second quarter. Bank of Montreal Can now owns 60,650 shares of the company’s stock valued at $4,143,000 after acquiring an additional 19,405 shares during the period. Finally, Chevy Chase Trust Holdings Inc. increased its stake in shares of Scripps Networks Interactive by 2.7% during the second quarter. Chevy Chase Trust Holdings Inc. now owns 84,574 shares of the company’s stock valued at $5,778,000 after acquiring an additional 2,220 shares during the period. 72.52% of the stock is currently owned by hedge funds and other institutional investors.

In other Scripps Networks Interactive news, Director Jeffrey Sagansky sold 1,077 shares of Scripps Networks Interactive stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $79.61, for a total transaction of $85,739.97. Following the completion of the sale, the director now owns 7,520 shares of the company’s stock, valued at approximately $598,667.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.50% of the company’s stock.

A number of research firms recently commented on SNI. Cowen and Company reiterated a “hold” rating and set a $90.00 price objective on shares of Scripps Networks Interactive in a research note on Friday, September 8th. Morgan Stanley raised 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 research note on Thursday, August 24th. MKM Partners restated a “neutral” rating and issued a $73.00 price target (down previously from $84.00) on shares of Scripps Networks Interactive in a research report on Friday, July 21st. Argus lowered shares of Scripps Networks Interactive from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $90.00 price target on shares of Scripps Networks Interactive in a research report on Wednesday, September 20th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $85.62.

Shares of Scripps Networks Interactive, Inc (NASDAQ:SNI) opened at $79.18 on Monday. The stock has a market cap of $10,286.67, a price-to-earnings ratio of 14.69, a price-to-earnings-growth ratio of 2.00 and a beta of 1.47. Scripps Networks Interactive, Inc has a 52 week low of $64.87 and a 52 week high of $88.45. The company has a debt-to-equity ratio of 0.90, a quick ratio of 3.19 and a current ratio of 3.19.

Scripps Networks Interactive (NASDAQ:SNI) last issued its earnings results on Wednesday, November 1st. The company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.09. The company had revenue of $825.53 million during the quarter, compared to analyst estimates of $838.63 million. Scripps Networks Interactive had a net margin of 17.46% and a return on equity of 27.04%. During the same quarter last year, the business posted $1.26 EPS. equities research analysts expect that Scripps Networks Interactive, Inc will post 5.53 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Sunday, December 10th. Shareholders of record on Thursday, November 30th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date of this dividend is Wednesday, November 29th. Scripps Networks Interactive’s dividend payout ratio (DPR) is currently 18.20%.

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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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