BB&T Securities LLC trimmed its holdings in shares of Scripps Networks Interactive, Inc (NASDAQ:SNI) by 16.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,640 shares of the company’s stock after selling 3,681 shares during the period. BB&T Securities LLC’s holdings in Scripps Networks Interactive were worth $1,600,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Omni Partners LLP bought a new stake in Scripps Networks Interactive in the third quarter valued at approximately $11,513,000. Mint Tower Capital Management B.V. bought a new stake in Scripps Networks Interactive in the third quarter valued at approximately $429,000. Zeke Capital Advisors LLC bought a new stake in Scripps Networks Interactive in the third quarter valued at approximately $386,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Scripps Networks Interactive by 9.5% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,804 shares of the company’s stock valued at $670,000 after purchasing an additional 679 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Scripps Networks Interactive by 8.2% in the third quarter. JPMorgan Chase & Co. now owns 1,323,809 shares of the company’s stock valued at $113,582,000 after purchasing an additional 99,763 shares in the last quarter. 60.95% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have recently issued reports on the stock. KeyCorp reissued a “hold” rating on shares of Scripps Networks Interactive in a research report on Friday, August 25th. BidaskClub downgraded shares of Scripps Networks Interactive from a “sell” rating to a “strong sell” rating in a research report on Friday, October 13th. Royal Bank Of Canada set a $90.00 price objective on shares of Scripps Networks Interactive and gave the stock a “hold” rating in a research report on Friday, October 20th. Sanford C. Bernstein reissued a “market perform” rating on shares of Scripps Networks Interactive in a research report on Tuesday, September 12th. Finally, Morgan Stanley increased their price objective on shares of Scripps Networks Interactive from $82.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 24th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and three have given a buy rating to the stock. Scripps Networks Interactive presently has a consensus rating of “Hold” and an average target price of $85.62.
Shares of Scripps Networks Interactive, Inc (NASDAQ SNI) opened at $81.51 on Thursday. Scripps Networks Interactive, Inc has a 12-month low of $64.87 and a 12-month high of $88.45. The stock has a market cap of $10,650.43, a price-to-earnings ratio of 15.21, a PEG ratio of 2.07 and a beta of 1.45. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.90.
Scripps Networks Interactive (NASDAQ:SNI) last announced 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. Scripps Networks Interactive had a net margin of 17.46% and a return on equity of 27.04%. The business had revenue of $825.53 million during the quarter, compared to analysts’ expectations of $838.63 million. During the same quarter in the prior year, the company posted $1.26 earnings per share. research analysts expect that Scripps Networks Interactive, Inc will post 5.53 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 10th. Investors of record on Thursday, November 30th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.47%. The ex-dividend date is Wednesday, November 29th. Scripps Networks Interactive’s payout ratio is 12.85%.
In related news, Director Jeffrey Sagansky sold 1,077 shares of the stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $79.61, for a total transaction of $85,739.97. Following the completion of the transaction, the director now owns 7,520 shares in the company, valued at $598,667.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate 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.
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