Investors Sell Scripps Networks Interactive (SNI) on Strength (SNI)
Traders sold shares of Scripps Networks Interactive, Inc. (NASDAQ:SNI) on strength during trading on Friday. $58.49 million flowed into the stock on the tick-up and $102.28 million flowed out of the stock on the tick-down, for a money net flow of $43.79 million out of the stock. Of all stocks tracked, Scripps Networks Interactive had the 0th highest net out-flow for the day. Scripps Networks Interactive traded up $0.62 for the day and closed at $90.26
Several equities analysts have issued reports on SNI shares. Zacks Investment Research raised Scripps Networks Interactive from a “hold” rating to a “buy” rating and set a $99.00 price objective on the stock in a report on Wednesday, January 24th. BidaskClub raised Scripps Networks Interactive from a “sell” rating to a “hold” rating in a report on Monday, February 5th. Finally, Cowen reaffirmed a “hold” rating and set a $90.00 price objective on shares of Scripps Networks Interactive in a report on Monday, February 5th. Fourteen analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Scripps Networks Interactive has an average rating of “Hold” and an average target price of $86.36.
The company has a market cap of $11,726.13, a P/E ratio of 15.70, a price-to-earnings-growth ratio of 3.17 and a beta of 1.31. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.05 and a quick ratio of 3.19.
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 paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $1.20 annualized dividend and a dividend yield of 1.33%. Scripps Networks Interactive’s dividend payout ratio (DPR) is 25.16%.
In other news, Director Michael R. Costa sold 18,955 shares of the stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $83.64, for a total transaction of $1,585,396.20. Following the completion of the sale, the director now owns 13,035 shares in the company, valued at $1,090,247.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.50% of the stock is currently owned by corporate insiders.
Large investors have recently made changes to their positions in the stock. P Schoenfeld Asset Management LP acquired a new stake in Scripps Networks Interactive in the third quarter valued at about $12,884,000. State Board of Administration of Florida Retirement System lifted its position in Scripps Networks Interactive by 1.4% in the third quarter. State Board of Administration of Florida Retirement System now owns 125,122 shares of the company’s stock valued at $10,747,000 after purchasing an additional 1,680 shares during the period. DekaBank Deutsche Girozentrale lifted its position in Scripps Networks Interactive by 66.2% in the third quarter. DekaBank Deutsche Girozentrale now owns 30,434 shares of the company’s stock valued at $2,661,000 after purchasing an additional 12,124 shares during the period. Russell Investments Group Ltd. lifted its position in Scripps Networks Interactive by 21.8% in the third quarter. Russell Investments Group Ltd. now owns 61,354 shares of the company’s stock valued at $5,269,000 after purchasing an additional 10,962 shares during the period. Finally, Aperio Group LLC lifted its position in Scripps Networks Interactive by 2.3% in the third quarter. Aperio Group LLC now owns 76,912 shares of the company’s stock valued at $6,606,000 after purchasing an additional 1,738 shares during the period. Hedge funds and other institutional investors own 60.08% of the company’s stock.
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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