California State Teachers Retirement System reduced its position in Scripps Networks Interactive, Inc. (NASDAQ:SNI) by 7.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 148,565 shares of the company’s stock after selling 12,035 shares during the period. California State Teachers Retirement System owned approximately 0.11% of Scripps Networks Interactive worth $12,760,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. YorkBridge Wealth Partners LLC increased its holdings in Scripps Networks Interactive by 14.2% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,552 shares of the company’s stock worth $106,000 after purchasing an additional 193 shares during the last quarter. Mountain Capital Investment Advisors Inc purchased a new stake in Scripps Networks Interactive during the 2nd quarter worth approximately $126,000. Federated Investors Inc. PA increased its holdings in Scripps Networks Interactive by 48.4% during the 2nd quarter. Federated Investors Inc. PA now owns 2,378 shares of the company’s stock worth $163,000 after purchasing an additional 776 shares during the last quarter. Bronfman E.L. Rothschild L.P. increased its holdings in Scripps Networks Interactive by 1.1% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,954 shares of the company’s stock worth $202,000 after purchasing an additional 32 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. purchased a new stake in Scripps Networks Interactive during the 3rd quarter worth approximately $202,000. 60.86% of the stock is currently owned by institutional investors and hedge funds.

SNI has been the topic of several analyst reports. BidaskClub downgraded Scripps Networks Interactive from a “sell” rating to a “strong sell” rating in a report on Friday, October 13th. Royal Bank of Canada set a $90.00 price objective on Scripps Networks Interactive and gave the stock a “hold” rating in a report on Friday, October 20th. Sanford C. Bernstein restated a “market perform” rating on shares of Scripps Networks Interactive in a report on Tuesday, September 12th. Finally, Cowen restated a “hold” rating and set a $90.00 price objective on shares of Scripps Networks Interactive in a report on Friday, September 8th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $85.62.

Shares of Scripps Networks Interactive, Inc. (NASDAQ:SNI) opened at $85.35 on Friday. Scripps Networks Interactive, Inc. has a twelve month low of $64.87 and a twelve month high of $88.45. The company has a debt-to-equity ratio of 0.90, a current ratio of 3.19 and a quick ratio of 3.19. The firm has a market capitalization of $11,030.00, a P/E ratio of 18.32, a PEG ratio of 2.17 and a beta of 1.45.

Scripps Networks Interactive (NASDAQ:SNI) last issued its quarterly earnings results on Wednesday, November 1st. The company reported $1.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.09. Scripps Networks Interactive had a return on equity of 27.04% and a net margin of 17.46%. The business had revenue of $825.53 million during the quarter, compared to the consensus estimate of $838.63 million. During the same period in the previous year, the business earned $1.26 EPS. sell-side analysts predict that Scripps Networks Interactive, Inc. will post 5.53 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Sunday, December 10th. Stockholders of record on Thursday, November 30th were issued a $0.30 dividend. The ex-dividend date was Wednesday, November 29th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.41%. Scripps Networks Interactive’s dividend payout ratio (DPR) is 12.88%.

In related news, Director Michael R. Costa sold 18,955 shares of the company’s stock in a transaction on 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 completion of the transaction, the director now directly owns 13,035 shares in the company, valued at approximately $1,090,247.40. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Jeffrey Sagansky sold 1,077 shares of the company’s stock in a transaction on Friday, November 3rd. The stock was 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 of the company’s stock, valued at $598,667.20. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by insiders.

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

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