Renaissance Group LLC reduced its position in shares of Scripps Networks Interactive, Inc (NASDAQ:SNI) by 0.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 432,547 shares of the company’s stock after selling 63 shares during the period. Renaissance Group LLC owned 0.33% of Scripps Networks Interactive worth $29,547,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the stock. Teachers Advisors LLC increased its position in Scripps Networks Interactive by 6.1% in the fourth quarter. Teachers Advisors LLC now owns 99,167 shares of the company’s stock worth $7,078,000 after buying an additional 5,702 shares in the last quarter. Macquarie Group Ltd. increased its position in Scripps Networks Interactive by 14.3% in the fourth quarter. Macquarie Group Ltd. now owns 16,000 shares of the company’s stock worth $1,142,000 after buying an additional 2,000 shares in the last quarter. Bank of Montreal Can increased its position in Scripps Networks Interactive by 11.2% in the first quarter. Bank of Montreal Can now owns 41,245 shares of the company’s stock worth $3,233,000 after buying an additional 4,169 shares in the last quarter. Nisa Investment Advisors LLC increased its position in Scripps Networks Interactive by 4.3% in the first quarter. Nisa Investment Advisors LLC now owns 41,637 shares of the company’s stock worth $3,263,000 after buying an additional 1,732 shares in the last quarter. Finally, Retirement Systems of Alabama increased its position in Scripps Networks Interactive by 2.3% in the first quarter. Retirement Systems of Alabama now owns 46,178 shares of the company’s stock worth $3,619,000 after buying an additional 1,028 shares in the last quarter. 75.88% of the stock is currently owned by institutional investors and hedge funds.

Scripps Networks Interactive, Inc (NASDAQ:SNI) opened at 86.22 on Monday. The company has a market capitalization of $11.19 billion, a P/E ratio of 17.79 and a beta of 1.49. Scripps Networks Interactive, Inc has a 52 week low of $59.32 and a 52 week high of $88.45. The stock’s 50 day moving average price is $81.24 and its 200 day moving average price is $75.40.

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, September 10th. Stockholders of record on Thursday, August 31st 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 1.39%. The ex-dividend date is Tuesday, August 29th. Scripps Networks Interactive’s payout ratio is 24.79%.

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A number of research firms have weighed in on SNI. MKM Partners restated a “neutral” rating and issued a $73.00 price target (down from $84.00) on shares of Scripps Networks Interactive in a research note on Friday, July 21st. Argus downgraded Scripps Networks Interactive from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Morgan Stanley raised their price target on Scripps Networks Interactive from $82.00 to $90.00 and gave the company an “equal weight” rating in a research note on Thursday. J P Morgan Chase & Co upgraded Scripps Networks Interactive from an “underweight” rating to a “neutral” rating and set a $83.00 price target for the company in a research note on Friday, May 5th. Finally, Needham & Company LLC downgraded Scripps Networks Interactive from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $83.79.

In other news, Director Jeffrey Sagansky sold 1,159 shares of the business’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $87.83, for a total transaction of $101,794.97. Following the completion of the sale, the director now owns 9,457 shares of the company’s stock, valued at approximately $830,608.31. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 2.50% 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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Institutional Ownership by Quarter for Scripps Networks Interactive (NASDAQ:SNI)

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