Cipher Capital LP reduced its position in shares of Scripps Networks Interactive, Inc (NASDAQ:SNI) by 44.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,862 shares of the company’s stock after selling 8,634 shares during the quarter. Cipher Capital LP’s holdings in Scripps Networks Interactive were worth $742,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Westpac Banking Corp increased its holdings in shares of Scripps Networks Interactive by 1,621.0% in the 2nd quarter. Westpac Banking Corp now owns 93,641 shares of the company’s stock valued at $6,397,000 after acquiring an additional 88,200 shares during the period. Delta Lloyd Asset Management N.V. purchased a new position in Scripps Networks Interactive during the 2nd quarter worth $471,000. Swiss National Bank grew its stake in Scripps Networks Interactive by 9.1% during the 2nd quarter. Swiss National Bank now owns 312,861 shares of the company’s stock worth $21,372,000 after buying an additional 26,000 shares during the last quarter. Bronfman E.L. Rothschild L.P. grew its stake in Scripps Networks Interactive by 1.1% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,954 shares of the company’s stock worth $202,000 after buying an additional 32 shares during the last quarter. Finally, Pacad Investment Ltd. grew its stake in Scripps Networks Interactive by 51.1% during the 2nd quarter. Pacad Investment Ltd. now owns 5,200 shares of the company’s stock worth $355,000 after buying an additional 1,758 shares during the last quarter. Institutional investors own 75.90% of the company’s stock.

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

Shares of Scripps Networks Interactive, Inc (NASDAQ:SNI) opened at 85.47 on Friday. The firm’s 50-day moving average price is $85.70 and its 200 day moving average price is $75.97. Scripps Networks Interactive, Inc has a 1-year low of $59.32 and a 1-year high of $88.45. The stock has a market capitalization of $11.10 billion, a price-to-earnings ratio of 17.64 and a beta of 1.47.

The business 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 dividend of $0.30 per share. The ex-dividend date is Tuesday, August 29th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.40%. Scripps Networks Interactive’s payout ratio is 24.79%.

Several research analysts recently weighed in on SNI shares. Gabelli restated a “buy” rating on shares of Scripps Networks Interactive in a research note on Thursday, July 27th. Morgan Stanley boosted their target price on Scripps Networks Interactive from $82.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 24th. Jefferies Group LLC restated a “hold” rating and set a $76.00 target price on shares of Scripps Networks Interactive in a research note on Monday, May 15th. Needham & Company LLC downgraded Scripps Networks Interactive from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Finally, Royal Bank Of Canada set a $76.00 target price on Scripps Networks Interactive and gave the stock a “hold” rating in a research note on Tuesday, June 6th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $84.20.

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Scripps Networks Interactive 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.

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

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