Investors sold shares of Scripps Networks Interactive, Inc. (NASDAQ:SNI) on strength during trading on Tuesday. $4.03 million flowed into the stock on the tick-up and $24.59 million flowed out of the stock on the tick-down, for a money net flow of $20.56 million out of the stock. Of all stocks tracked, Scripps Networks Interactive had the 31st highest net out-flow for the day. Scripps Networks Interactive traded up $0.33 for the day and closed at $85.68

Several research firms have recently weighed in on SNI. Royal Bank of Canada set a $90.00 target price on shares of Scripps Networks Interactive and gave the stock a “hold” rating in a research report on Friday, October 20th. BidaskClub downgraded shares of Scripps Networks Interactive from a “buy” rating to a “hold” rating in a research report on Saturday, September 2nd. Cowen reissued a “hold” rating and issued a $90.00 target price on shares of Scripps Networks Interactive in a research report on Friday, September 8th. Finally, Sanford C. Bernstein reissued a “market perform” rating on shares of Scripps Networks Interactive in a research report on Tuesday, September 12th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $85.62.

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 company has a market cap of $11,080.00, a PE ratio of 18.39, a P/E/G ratio of 2.16 and a beta of 1.45.

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

The firm also recently announced a quarterly dividend, which was paid on Sunday, December 10th. Shareholders of record on Thursday, November 30th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend was Wednesday, November 29th. Scripps Networks Interactive’s dividend payout ratio is 12.88%.

In other news, Director Michael R. Costa sold 18,955 shares of the business’s stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $83.64, for a total value of $1,585,396.20. Following the completion of the sale, the director now directly owns 13,035 shares in the company, valued at $1,090,247.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jeffrey Sagansky sold 1,077 shares of the business’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $79.61, for a total transaction of $85,739.97. Following the completion of the sale, 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. Insiders own 2.50% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in SNI. YorkBridge Wealth Partners LLC increased its holdings in Scripps Networks Interactive by 14.2% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,552 shares of the company’s stock valued at $106,000 after buying an additional 193 shares during the period. Mountain Capital Investment Advisors Inc bought a new stake in Scripps Networks Interactive in the 2nd quarter valued at $126,000. Valeo Financial Advisors LLC bought a new stake in Scripps Networks Interactive in the 3rd quarter valued at $162,000. Meiji Yasuda Asset Management Co Ltd. bought a new stake in Scripps Networks Interactive in the 3rd quarter valued at $202,000. Finally, Welch & Forbes LLC bought a new stake in Scripps Networks Interactive in the 3rd quarter valued at $204,000. Hedge funds and other institutional investors own 60.86% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Investors Sell Shares of Scripps Networks Interactive (SNI) on Strength (SNI)” was reported by TheOlympiaReport and is the property of of TheOlympiaReport. If you are reading this story on another publication, it was stolen and republished in violation of international copyright legislation. The correct version of this story can be viewed at https://theolympiareport.com/2017/12/26/investors-sell-shares-of-scripps-networks-interactive-sni-on-strength-sni.html.

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.

Receive News & Ratings for Scripps Networks Interactive Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Scripps Networks Interactive and related companies with Analyst Ratings Network's FREE daily email newsletter.