Pictet Asset Management Ltd. grew its holdings in shares of Scripps Networks Interactive, Inc (NASDAQ:SNI) by 6.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,261 shares of the company’s stock after buying an additional 3,400 shares during the quarter. Pictet Asset Management Ltd.’s holdings in Scripps Networks Interactive were worth $5,004,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of SNI. Vanguard Group Inc. boosted its holdings in Scripps Networks Interactive by 6.7% during the second quarter. Vanguard Group Inc. now owns 8,688,173 shares of the company’s stock worth $593,489,000 after purchasing an additional 542,575 shares during the last quarter. BlackRock Inc. boosted its holdings in Scripps Networks Interactive by 18.3% during the second quarter. BlackRock Inc. now owns 8,455,399 shares of the company’s stock worth $577,591,000 after purchasing an additional 1,308,844 shares during the last quarter. State Street Corp boosted its holdings in Scripps Networks Interactive by 0.5% during the second quarter. State Street Corp now owns 3,749,940 shares of the company’s stock worth $256,149,000 after purchasing an additional 16,947 shares during the last quarter. FMR LLC boosted its holdings in Scripps Networks Interactive by 24.6% during the second quarter. FMR LLC now owns 3,371,082 shares of the company’s stock worth $230,278,000 after purchasing an additional 665,805 shares during the last quarter. Finally, Pioneer Investment Management Inc. boosted its holdings in Scripps Networks Interactive by 20.9% during the second quarter. Pioneer Investment Management Inc. now owns 2,288,068 shares of the company’s stock worth $156,298,000 after purchasing an additional 396,253 shares during the last quarter. Hedge funds and other institutional investors own 74.00% of the company’s stock.

Shares of Scripps Networks Interactive, Inc (NASDAQ:SNI) opened at $79.18 on Friday. The company has a market cap of $10,168.17, a PE ratio of 14.53, a price-to-earnings-growth ratio of 1.98 and a beta of 1.47. The company has a debt-to-equity ratio of 0.90, a current ratio of 3.19 and a quick ratio of 4.15. Scripps Networks Interactive, Inc has a 12-month low of $64.87 and a 12-month high of $88.45.

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

The firm also recently declared a quarterly dividend, which will be paid on Sunday, December 10th. Stockholders of record on Thursday, November 30th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.52%. The ex-dividend date of this dividend is Wednesday, November 29th. Scripps Networks Interactive’s dividend payout ratio (DPR) is currently 18.20%.

SNI has been the topic of several analyst reports. Gabelli restated a “buy” rating on shares of Scripps Networks Interactive in a report on Thursday, July 27th. Morgan Stanley boosted their price target on shares of Scripps Networks Interactive from $82.00 to $90.00 and gave the stock an “equal weight” rating in a report on Thursday, August 24th. KeyCorp restated a “hold” rating on shares of Scripps Networks Interactive in a report on Friday, August 25th. Needham & Company LLC cut shares of Scripps Networks Interactive from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Finally, Argus cut shares of Scripps Networks Interactive from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. 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. Scripps Networks Interactive currently has a consensus rating of “Hold” and a consensus price target of $85.62.

In other news, Director Jeffrey Sagansky sold 1,077 shares of the business’s stock in a transaction that occurred 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 sale, the director now owns 7,520 shares of the company’s stock, valued at $598,667.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 2.50% of the company’s stock.

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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.

Institutional Ownership by Quarter for Scripps Networks Interactive (NASDAQ:SNI)

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