WESCAP Management Group Inc. decreased its stake in Scripps Networks Interactive, Inc (NASDAQ:SNI) by 0.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,098 shares of the company’s stock after selling 48 shares during the period. WESCAP Management Group Inc.’s holdings in Scripps Networks Interactive were worth $1,646,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the stock. SG Americas Securities LLC raised its stake in shares of Scripps Networks Interactive by 93.9% during the first quarter. SG Americas Securities LLC now owns 40,921 shares of the company’s stock valued at $3,207,000 after acquiring an additional 19,812 shares during the last quarter. Soros Fund Management LLC bought a new position in shares of Scripps Networks Interactive during the first quarter valued at $4,945,000. LMR Partners LLP bought a new position in shares of Scripps Networks Interactive during the second quarter valued at $1,380,000. BlackRock Inc. raised its stake in shares of Scripps Networks Interactive by 4,188.7% during the first quarter. BlackRock Inc. now owns 7,146,555 shares of the company’s stock valued at $560,078,000 after acquiring an additional 6,979,918 shares during the last quarter. Finally, State of Wisconsin Investment Board raised its stake in shares of Scripps Networks Interactive by 21.2% during the first quarter. State of Wisconsin Investment Board now owns 54,509 shares of the company’s stock valued at $4,272,000 after acquiring an additional 9,529 shares during the last quarter. 75.85% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have recently issued reports on the stock. Royal Bank Of Canada reaffirmed a “hold” rating and set a $90.00 price target on shares of Scripps Networks Interactive in a research note on Wednesday. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Scripps Networks Interactive in a research note on Tuesday, September 12th. Argus downgraded shares of Scripps Networks Interactive from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Citigroup Inc. raised shares of Scripps Networks Interactive from a “sell” rating to a “neutral” rating and raised their price target for the company from $66.00 to $90.00 in a research note on Tuesday, August 1st. Finally, UBS AG reaffirmed a “neutral” rating and set a $90.00 price target (up previously from $83.00) on shares of Scripps Networks Interactive in a research note on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and three have given a buy rating to the company. Scripps Networks Interactive currently has an average rating of “Hold” and a consensus price target of $84.20.

Scripps Networks Interactive, Inc (SNI) traded down 0.07% during midday trading on Friday, hitting $86.02. 108,333 shares of the stock traded hands. The stock’s 50-day moving average price is $86.14 and its 200 day moving average price is $76.15. Scripps Networks Interactive, Inc has a 52 week low of $59.32 and a 52 week high of $88.45. The company has a market capitalization of $11.17 billion, a price-to-earnings ratio of 17.75 and a beta of 1.47.

The firm also recently announced a quarterly dividend, which was paid on Sunday, September 10th. Stockholders of record on Thursday, August 31st were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date was Tuesday, August 29th. Scripps Networks Interactive’s dividend payout ratio is presently 24.79%.

COPYRIGHT VIOLATION WARNING: “WESCAP Management Group Inc. Reduces Position in Scripps Networks Interactive, Inc (SNI)” was first posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this report on another publication, it was illegally stolen and reposted in violation of international copyright legislation. The correct version of this report can be viewed at https://www.thecerbatgem.com/2017/09/22/wescap-management-group-inc-reduces-position-in-scripps-networks-interactive-inc-sni.html.

In other news, Director Jeffrey Sagansky sold 1,159 shares of the company’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $87.83, for a total value of $101,794.97. Following the sale, the director now directly owns 9,457 shares of the company’s stock, valued at approximately $830,608.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.50% of the stock is 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.

Want to see what other hedge funds are holding SNI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Scripps Networks Interactive, Inc (NASDAQ:SNI).

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

Receive News & Stock Ratings for Scripps Networks Interactive Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Scripps Networks Interactive Inc and related stocks with our FREE daily email newsletter.