Murphy Pohlad Asset Management LLC raised its stake in Scripps Networks Interactive Inc. (NASDAQ:SNI) by 1.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,015 shares of the company’s stock after buying an additional 555 shares during the period. Scripps Networks Interactive comprises about 1.7% of Murphy Pohlad Asset Management LLC’s portfolio, making the stock its 19th largest position. Murphy Pohlad Asset Management LLC’s holdings in Scripps Networks Interactive were worth $2,286,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the company. Winslow Evans & Crocker Inc. raised its stake in Scripps Networks Interactive by 2.9% in the second quarter. Winslow Evans & Crocker Inc. now owns 1,808 shares of the company’s stock valued at $113,000 after buying an additional 51 shares during the last quarter. Pacer Advisors Inc. raised its stake in Scripps Networks Interactive by 8.8% in the second quarter. Pacer Advisors Inc. now owns 1,929 shares of the company’s stock valued at $120,000 after buying an additional 156 shares during the last quarter. NEXT Financial Group Inc raised its stake in Scripps Networks Interactive by 17.8% in the second quarter. NEXT Financial Group Inc now owns 1,988 shares of the company’s stock valued at $123,000 after buying an additional 300 shares during the last quarter. Mn Services Vermogensbeheer B.V. raised its stake in Scripps Networks Interactive by 9.1% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 2,037 shares of the company’s stock valued at $114,000 after buying an additional 170 shares during the last quarter. Finally, Barnett & Company Inc. acquired a new stake in Scripps Networks Interactive during the first quarter valued at approximately $177,000. 66.99% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Scripps Networks Interactive (NASDAQ:SNI)

Shares of Scripps Networks Interactive Inc. (NASDAQ:SNI) traded down 1.75% during mid-day trading on Monday, hitting $69.02. 788,651 shares of the stock were exchanged. The company has a market cap of $8.91 billion, a P/E ratio of 11.41 and a beta of 1.12. The stock’s 50-day moving average price is $65.70 and its 200-day moving average price is $64.28. Scripps Networks Interactive Inc. has a 52-week low of $50.81 and a 52-week high of $73.71.

Scripps Networks Interactive (NASDAQ:SNI) last released its earnings results on Monday, November 7th. The company reported $1.26 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.31. Scripps Networks Interactive had a net margin of 23.37% and a return on equity of 34.21%. The business earned $803.10 million during the quarter, compared to analyst estimates of $794.62 million. During the same quarter in the prior year, the firm earned $1.06 earnings per share. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. Equities research analysts anticipate that Scripps Networks Interactive Inc. will post $5.23 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Saturday, December 10th. Stockholders of record on Wednesday, November 30th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend is Monday, November 28th. Scripps Networks Interactive’s payout ratio is 16.53%.

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Several equities research analysts recently commented on the stock. Jefferies Group dropped their price objective on shares of Scripps Networks Interactive from $69.00 to $67.00 and set a “hold” rating on the stock in a research note on Wednesday, August 10th. Argus reiterated a “buy” rating and issued a $100.00 target price on shares of Scripps Networks Interactive in a research note on Tuesday, August 16th. Zacks Investment Research upgraded shares of Scripps Networks Interactive from a “sell” rating to a “hold” rating in a research note on Wednesday, November 9th. Evercore ISI downgraded shares of Scripps Networks Interactive from a “buy” rating to a “hold” rating and set a $68.00 target price on the stock. in a research note on Wednesday, August 10th. Finally, Citigroup Inc. dropped their target price on shares of Scripps Networks Interactive from $65.00 to $62.00 and set a “neutral” rating on the stock in a research note on Thursday, August 25th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $68.73.

In other news, major shareholder Virginia S. Vasquez sold 200,000 shares of the business’s stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $69.58, for a total transaction of $13,916,000.00. Following the transaction, the insider now owns 279,797 shares of the company’s stock, valued at approximately $19,468,275.26. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Eva Scripps Attal sold 500,000 shares of the business’s stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $69.15, for a total transaction of $34,575,000.00. Following the transaction, the insider now directly owns 319,454 shares in the company, valued at approximately $22,090,244.10. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.

Scripps Networks Interactive Company Profile

Scripps Networks Interactive, Inc is a developer of lifestyle-oriented content for linear and interactive video platforms, including television and the Internet brands. The Company’s segments include U.S. Networks, International Networks, and Corporate and Other. Its U.S. Networks segment includes its approximately six national television networks: HGTV, Food Network, Travel Channel, DIY Network, Cooking Channel and Great American Country.

5 Day Chart for NASDAQ:SNI

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