US Bancorp DE decreased its holdings in shares of Scripps Networks Interactive, Inc. (NASDAQ:SNI) by 36.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,568 shares of the company’s stock after selling 13,570 shares during the quarter. US Bancorp DE’s holdings in Scripps Networks Interactive were worth $2,013,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also bought and sold shares of SNI. P Schoenfeld Asset Management LP purchased a new stake in Scripps Networks Interactive during the 3rd quarter worth $12,884,000. State Board of Administration of Florida Retirement System increased its stake in Scripps Networks Interactive by 1.4% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 125,122 shares of the company’s stock worth $10,747,000 after buying an additional 1,680 shares during the period. DekaBank Deutsche Girozentrale increased its stake in Scripps Networks Interactive by 66.2% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 30,434 shares of the company’s stock worth $2,661,000 after buying an additional 12,124 shares during the period. Athos Capital Ltd purchased a new stake in Scripps Networks Interactive during the 3rd quarter worth $315,000. Finally, Russell Investments Group Ltd. increased its stake in Scripps Networks Interactive by 21.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 61,354 shares of the company’s stock worth $5,269,000 after buying an additional 10,962 shares during the period. Institutional investors and hedge funds own 61.65% of the company’s stock.
Shares of Scripps Networks Interactive, Inc. (NASDAQ SNI) opened at $87.81 on Friday. The firm has a market cap of $11,419.53, a PE ratio of 16.31, a PEG ratio of 3.12 and a beta of 1.40. Scripps Networks Interactive, Inc. has a 1 year low of $64.87 and a 1 year high of $88.87. 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 business also recently announced a quarterly dividend, which will be paid on Saturday, March 10th. Stockholders of record on Wednesday, February 28th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.37%. The ex-dividend date is Tuesday, February 27th. Scripps Networks Interactive’s payout ratio is currently 12.85%.
In related news, Director Michael R. Costa sold 18,955 shares of the business’s stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $83.64, for a total transaction of $1,585,396.20. Following the completion of the sale, the director now owns 13,035 shares of the company’s stock, valued at approximately $1,090,247.40. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.50% of the stock is currently owned by insiders.
Several equities research analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Scripps Networks Interactive from a “buy” rating to a “hold” rating in a research note on Thursday, February 1st. Cowen reissued a “hold” rating and issued a $90.00 target price on shares of Scripps Networks Interactive in a research report on Monday, February 5th. BidaskClub downgraded shares of Scripps Networks Interactive from a “hold” rating to a “sell” rating in a research report on Thursday. Finally, 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. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $86.57.
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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