Scripps Networks Interactive, Inc. (SNI) Shares Sold by UBS Asset Management Americas Inc.
UBS Asset Management Americas Inc. decreased its position in Scripps Networks Interactive, Inc. (NASDAQ:SNI) by 1.9% in the fourth quarter, Holdings Channel reports. The fund owned 260,769 shares of the company’s stock after selling 5,060 shares during the period. UBS Asset Management Americas Inc.’s holdings in Scripps Networks Interactive were worth $22,264,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently modified their holdings of the company. Cerebellum GP LLC purchased a new position in Scripps Networks Interactive in the 4th quarter worth $133,000. Valeo Financial Advisors LLC purchased a new position in Scripps Networks Interactive in the 3rd quarter worth $162,000. Meiji Yasuda Asset Management Co Ltd. purchased a new position in Scripps Networks Interactive in the 3rd quarter worth $202,000. Welch & Forbes LLC purchased a new position in Scripps Networks Interactive in the 3rd quarter worth $204,000. Finally, Savant Capital LLC purchased a new position in Scripps Networks Interactive in the 3rd quarter worth $210,000. Institutional investors own 60.08% of the company’s stock.
In other news, Director Michael R. Costa sold 18,955 shares of the firm’s stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $83.64, for a total transaction of $1,585,396.20. Following the sale, the director now directly owns 13,035 shares in the company, valued at approximately $1,090,247.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.50% of the stock is owned by company insiders.
Scripps Networks Interactive (NASDAQ:SNI) last announced its quarterly earnings results on Monday, February 26th. The company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.17. The company had revenue of $956.12 million for the quarter, compared to the consensus estimate of $912.81 million. Scripps Networks Interactive had a return on equity of 26.63% and a net margin of 17.52%. During the same period last year, the firm earned $1.02 EPS. equities analysts anticipate that Scripps Networks Interactive, Inc. will post 5.61 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 10th. Stockholders of record on Wednesday, February 28th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date is Tuesday, February 27th. Scripps Networks Interactive’s dividend payout ratio (DPR) is presently 25.16%.
Several brokerages have weighed in on SNI. Zacks Investment Research downgraded Scripps Networks Interactive from a “buy” rating to a “hold” rating in a research report on Thursday, February 1st. BidaskClub raised Scripps Networks Interactive from a “sell” rating to a “hold” rating in a research report on Monday, February 5th. Finally, Cowen reaffirmed a “hold” rating and set a $90.00 price target on shares of Scripps Networks Interactive in a research report on Monday, February 5th. Fourteen research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $86.36.
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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