Homrich & Berg maintained its position in shares of Scripps Networks Interactive, Inc (NASDAQ:SNI) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,585 shares of the company’s stock at the end of the second quarter. Homrich & Berg’s holdings in Scripps Networks Interactive were worth $245,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SNI. Mascoma Wealth Management LLC acquired a new position in Scripps Networks Interactive during the second quarter valued at $130,000. SRS Capital Advisors Inc. raised its position in Scripps Networks Interactive by 13.3% in the first quarter. SRS Capital Advisors Inc. now owns 2,152 shares of the company’s stock valued at $168,000 after buying an additional 252 shares during the period. Mn Services Vermogensbeheer B.V. raised its position in Scripps Networks Interactive by 6.8% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 2,175 shares of the company’s stock valued at $159,000 after buying an additional 138 shares during the period. Federated Investors Inc. PA raised its position in Scripps Networks Interactive by 48.4% in the second quarter. Federated Investors Inc. PA now owns 2,378 shares of the company’s stock valued at $163,000 after buying an additional 776 shares during the period. Finally, Assetmark Inc. raised its position in Scripps Networks Interactive by 2.7% in the first quarter. Assetmark Inc. now owns 2,542 shares of the company’s stock valued at $199,000 after buying an additional 67 shares during the period. 75.88% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Scripps Networks Interactive, Inc (SNI) opened at 85.50 on Thursday. The company has a 50-day moving average price of $81.24 and a 200-day moving average price of $75.40. The company has a market capitalization of $11.10 billion, a price-to-earnings ratio of 17.64 and a beta of 1.49. Scripps Networks Interactive, Inc has a 12 month low of $59.32 and a 12 month high of $88.45.

The firm also recently declared a quarterly dividend, which will be paid on Sunday, September 10th. Stockholders of record on Thursday, August 31st will be given a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $1.20 annualized dividend and a dividend yield of 1.40%. Scripps Networks Interactive’s payout ratio is presently 24.79%.

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Several research analysts have recently weighed in on the company. Royal Bank Of Canada lifted their price objective on Scripps Networks Interactive from $76.00 to $90.00 and gave the stock an “outperform” rating in a research report on Thursday, August 17th. KeyCorp reissued a “hold” rating on shares of Scripps Networks Interactive in a research report on Friday, August 25th. Argus lowered Scripps Networks Interactive from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Citigroup Inc. raised Scripps Networks Interactive from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $66.00 to $90.00 in a research report on Tuesday, August 1st. Finally, Morgan Stanley lifted their price objective on 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 research analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the stock. Scripps Networks Interactive currently has a consensus rating of “Hold” and an average price target of $83.79.

In other news, Director Jeffrey Sagansky sold 1,159 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $87.83, for a total value of $101,794.97. Following the completion of the sale, the director now owns 9,457 shares of the company’s stock, valued at approximately $830,608.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.50% of the stock is currently owned by corporate insiders.

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

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