BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp cut its holdings in Scripps Networks Interactive, Inc. (NASDAQ:SNI) by 51.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 53,675 shares of the company’s stock after selling 56,053 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Scripps Networks Interactive were worth $4,610,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Scripps Networks Interactive by 6.7% in the 2nd quarter. Vanguard Group Inc. now owns 8,688,173 shares of the company’s stock valued at $593,489,000 after purchasing an additional 542,575 shares during the period. BlackRock Inc. boosted its holdings in Scripps Networks Interactive by 18.3% in the 2nd quarter. BlackRock Inc. now owns 8,455,399 shares of the company’s stock valued at $577,591,000 after purchasing an additional 1,308,844 shares during the period. State Street Corp boosted its holdings in Scripps Networks Interactive by 0.5% in the 2nd quarter. State Street Corp now owns 3,749,940 shares of the company’s stock valued at $256,149,000 after purchasing an additional 16,947 shares during the period. FMR LLC boosted its holdings in Scripps Networks Interactive by 24.6% in the 2nd quarter. FMR LLC now owns 3,371,082 shares of the company’s stock valued at $230,278,000 after purchasing an additional 665,805 shares during the period. Finally, Alliancebernstein L.P. boosted its holdings in Scripps Networks Interactive by 1,107.7% in the 2nd quarter. Alliancebernstein L.P. now owns 2,084,212 shares of the company’s stock valued at $142,373,000 after purchasing an additional 1,911,635 shares during the period. 60.95% of the stock is owned by institutional investors.

Several research analysts have commented on the stock. Cowen reissued a “hold” rating and issued a $90.00 price target on shares of Scripps Networks Interactive in a report on Friday, September 8th. Morgan Stanley raised their price target 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. Royal Bank of Canada restated a “hold” rating and set a $90.00 price objective on shares of Scripps Networks Interactive in a research report on Wednesday, September 20th. BidaskClub cut shares of Scripps Networks Interactive from a “hold” rating to a “sell” rating in a research report on Friday, October 6th. Finally, Sanford C. Bernstein restated a “market perform” rating on shares of Scripps Networks Interactive in a research report on Tuesday, September 12th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and three have given a buy rating to the company. Scripps Networks Interactive currently has a consensus rating of “Hold” and an average target price of $85.62.

In related 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 value of $85,739.97. Following the transaction, the director now owns 7,520 shares in the company, valued at approximately $598,667.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.50% of the stock is owned by company insiders.

Shares of Scripps Networks Interactive, Inc. (NASDAQ:SNI) opened at $81.56 on Thursday. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.90. The firm has a market cap of $10,570.00, a price-to-earnings ratio of 15.18, a PEG ratio of 2.07 and a beta of 1.45. Scripps Networks Interactive, Inc. has a 52-week low of $64.87 and a 52-week high of $88.45.

Scripps Networks Interactive (NASDAQ:SNI) last posted its quarterly earnings data on Wednesday, November 1st. The company reported $1.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.09. The firm had revenue of $825.53 million for the quarter, compared to analysts’ expectations 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 company posted $1.26 EPS. sell-side analysts expect that Scripps Networks Interactive, Inc. will post 5.53 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Sunday, December 10th. Investors of record on Thursday, November 30th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend was Wednesday, November 29th. Scripps Networks Interactive’s payout ratio is presently 12.88%.

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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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