Renaissance Group LLC lowered its stake in Scripps Networks Interactive, Inc (NASDAQ:SNI) by 93.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 27,750 shares of the company’s stock after selling 404,797 shares during the quarter. Renaissance Group LLC’s holdings in Scripps Networks Interactive were worth $2,383,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of SNI. Amalgamated Bank grew its stake in Scripps Networks Interactive by 56.5% during the 2nd quarter. Amalgamated Bank now owns 10,074 shares of the company’s stock valued at $688,000 after purchasing an additional 3,638 shares in the last quarter. LMR Partners LLP acquired a new stake in Scripps Networks Interactive during the 2nd quarter valued at approximately $1,380,000. Schwab Charles Investment Management Inc. grew its stake in Scripps Networks Interactive by 17.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 500,910 shares of the company’s stock valued at $34,218,000 after purchasing an additional 73,006 shares in the last quarter. Swiss National Bank grew its stake in Scripps Networks Interactive by 9.1% during the 2nd quarter. Swiss National Bank now owns 312,861 shares of the company’s stock valued at $21,372,000 after purchasing an additional 26,000 shares in the last quarter. Finally, P Schoenfeld Asset Management LP acquired a new stake in Scripps Networks Interactive during the 3rd quarter valued at approximately $12,884,000. Institutional investors and hedge funds own 63.88% of the company’s stock.

Shares of Scripps Networks Interactive, Inc (NASDAQ:SNI) traded down $0.20 during midday trading on Wednesday, hitting $80.10. The company had a trading volume of 1,519,400 shares, compared to its average volume of 1,660,608. The company has a market cap of $10,432.17, a P/E ratio of 14.90, a price-to-earnings-growth ratio of 2.03 and a beta of 1.47. Scripps Networks Interactive, Inc has a 1-year low of $64.87 and a 1-year high of $88.45. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.90.

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

The business also recently declared a quarterly dividend, which will be paid on Sunday, December 10th. Investors of record on Thursday, November 30th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend is Wednesday, November 29th. Scripps Networks Interactive’s dividend payout ratio (DPR) is 18.20%.

In related news, Director Jeffrey Sagansky sold 1,077 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $79.61, for a total value of $85,739.97. Following 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 SEC, which is available at the SEC website. Company insiders own 2.50% of the company’s stock.

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SNI has been the subject of a number of recent analyst reports. Gabelli restated a “buy” rating on shares of Scripps Networks Interactive in a research note on Thursday, July 27th. Zacks Investment Research upgraded Scripps Networks Interactive from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. Citigroup Inc. upgraded Scripps Networks Interactive from a “sell” rating to a “neutral” rating and raised their price objective for the company from $66.00 to $90.00 in a research note on Tuesday, August 1st. KeyCorp restated a “hold” rating on shares of Scripps Networks Interactive in a research note on Friday, August 25th. Finally, BidaskClub lowered Scripps Networks Interactive from a “sell” rating to a “strong sell” rating in a research note on Friday, October 13th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $85.62.

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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