Sei Investments Co. boosted its position in Scripps Networks Interactive Inc. (NASDAQ:SNI) by 5.7% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 272,956 shares of the company’s stock after buying an additional 14,722 shares during the period. Sei Investments Co. owned 0.21% of Scripps Networks Interactive worth $17,330,000 as of its most recent filing with the SEC.

Other institutional investors have also recently modified their holdings of the company. Peddock Capital Advisors LLC bought a new stake in Scripps Networks Interactive during the second quarter worth approximately $208,000. Nisa Investment Advisors LLC raised its stake in shares of Scripps Networks Interactive by 124.8% in the second quarter. Nisa Investment Advisors LLC now owns 44,801 shares of the company’s stock valued at $2,790,000 after buying an additional 24,874 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of Scripps Networks Interactive by 155.4% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 21,696 shares of the company’s stock valued at $1,351,000 after buying an additional 13,200 shares in the last quarter. Eqis Capital Management Inc. acquired a new stake in shares of Scripps Networks Interactive during the second quarter valued at about $2,102,000. Finally, Murphy Pohlad Asset Management LLC raised its stake in shares of Scripps Networks Interactive by 12.5% in the second quarter. Murphy Pohlad Asset Management LLC now owns 35,460 shares of the company’s stock valued at $2,208,000 after buying an additional 3,935 shares in the last quarter. Institutional investors own 66.99% of the company’s stock.

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

Shares of Scripps Networks Interactive Inc. (NASDAQ:SNI) traded down 0.69% during trading on Wednesday, hitting $69.58. The company had a trading volume of 222,463 shares. Scripps Networks Interactive Inc. has a 52 week low of $50.81 and a 52 week high of $73.71. The firm’s 50 day moving average is $65.89 and its 200-day moving average is $64.28. The stock has a market capitalization of $8.98 billion, a P/E ratio of 11.50 and a beta of 1.12.

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

The business also recently declared a quarterly dividend, which will be paid on Saturday, December 10th. Shareholders of record on Wednesday, November 30th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date is Monday, November 28th. Scripps Networks Interactive’s payout ratio is 16.53%.

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Several brokerages recently weighed in on SNI. Zacks Investment Research raised Scripps Networks Interactive from a “sell” rating to a “hold” rating in a report on Wednesday, November 9th. Bank of America Corp. downgraded Scripps Networks Interactive from a “neutral” rating to an “underperform” rating and set a $66.00 target price for the company. in a research note on Thursday, October 27th. Jefferies Group restated a “hold” rating and issued a $67.00 target price on shares of Scripps Networks Interactive in a research note on Tuesday, October 4th. Moffett Nathanson downgraded Scripps Networks Interactive from a “neutral” rating to a “sell” rating and cut their target price for the stock from $71.00 to $52.00 in a research note on Tuesday, September 27th. Finally, Citigroup Inc. cut their target price on Scripps Networks Interactive from $65.00 to $62.00 and set a “neutral” rating for the company in a research note on Thursday, August 25th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company’s stock. Scripps Networks Interactive currently has a consensus rating of “Hold” and a consensus target price of $68.73.

In other news, COO Burton F. Jablin sold 7,578 shares of the company’s stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $72.73, for a total value of $551,147.94. Following the completion of the transaction, the chief operating officer now owns 28,710 shares of the company’s stock, valued at $2,088,078.30. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director David A. Galloway sold 3,214 shares of the company’s stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $73.49, for a total value of $236,196.86. The disclosure for this sale can be found here. 2.30% of the stock is owned by company insiders.

About Scripps Networks Interactive

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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