Investors Sell Shares of Scripps Networks Interactive (SNI) on Strength (SNI)
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.
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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.
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