Scripps Networks Interactive, Inc. (SNI) Holdings Cut by Alpine Associates Management Inc.
Alpine Associates Management Inc. lessened its position in shares of Scripps Networks Interactive, Inc. (NASDAQ:SNI) by 6.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,565,822 shares of the company’s stock after selling 99,478 shares during the period. Scripps Networks Interactive comprises 4.8% of Alpine Associates Management Inc.’s holdings, making the stock its 6th largest position. Alpine Associates Management Inc.’s holdings in Scripps Networks Interactive were worth $133,689,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also recently added to or reduced their stakes in SNI. Cerebellum GP LLC acquired a new position in shares of Scripps Networks Interactive during the 4th quarter worth about $133,000. Valeo Financial Advisors LLC acquired a new position in shares of Scripps Networks Interactive during the 3rd quarter worth about $162,000. Meiji Yasuda Asset Management Co Ltd. acquired a new position in shares of Scripps Networks Interactive during the 3rd quarter worth about $202,000. Welch & Forbes LLC acquired a new position in shares of Scripps Networks Interactive during the 3rd quarter worth about $204,000. Finally, Savant Capital LLC acquired a new position in shares of Scripps Networks Interactive during the 3rd quarter worth about $210,000. Hedge funds and other institutional investors own 61.65% of the company’s stock.
In related news, Director Michael R. Costa sold 18,955 shares of the firm’s stock in a transaction dated 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 approximately $1,090,247.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.50% of the company’s stock.
Shares of Scripps Networks Interactive, Inc. (NASDAQ SNI) opened at $87.50 on Wednesday. Scripps Networks Interactive, Inc. has a one year low of $64.87 and a one year high of $88.87. The stock has a market cap of $11,251.94, a PE ratio of 18.74, a P/E/G ratio of 3.08 and a beta of 1.40. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.90.
ILLEGAL ACTIVITY NOTICE: This report was first posted by TheOlympiaReport and is owned by of TheOlympiaReport. If you are accessing this report on another website, it was stolen and reposted in violation of U.S. and international trademark & copyright legislation. The legal version of this report can be accessed at https://theolympiareport.com/2018/02/14/scripps-networks-interactive-inc-sni-holdings-cut-by-alpine-associates-management-inc.html.
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.
Want to see what other hedge funds are holding SNI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Scripps Networks Interactive, Inc. (NASDAQ:SNI).
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 MarketBeat.com's FREE daily email newsletter.