UBS Asset Management Americas Inc. increased its holdings in shares of Scripps Networks Interactive, Inc (NASDAQ:SNI) by 25.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 302,729 shares of the company’s stock after buying an additional 61,327 shares during the quarter. UBS Asset Management Americas Inc. owned 0.23% of Scripps Networks Interactive worth $20,679,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in SNI. Mascoma Wealth Management LLC acquired a new stake in Scripps Networks Interactive in the second quarter valued at approximately $130,000. SRS Capital Advisors Inc. grew its stake in shares of Scripps Networks Interactive by 13.3% during the first quarter. SRS Capital Advisors Inc. now owns 2,152 shares of the company’s stock worth $168,000 after buying an additional 252 shares during the last quarter. Federated Investors Inc. PA grew its stake in shares of Scripps Networks Interactive by 48.4% during the second quarter. Federated Investors Inc. PA now owns 2,378 shares of the company’s stock worth $163,000 after buying an additional 776 shares during the last quarter. Bronfman E.L. Rothschild L.P. grew its stake in shares of Scripps Networks Interactive by 1.1% during the second 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, Perigon Wealth Management LLC grew its stake in shares of Scripps Networks Interactive by 6.4% during the first quarter. Perigon Wealth Management LLC now owns 3,031 shares of the company’s stock worth $238,000 after buying an additional 182 shares during the last quarter. Institutional investors and hedge funds own 75.85% of the company’s stock.

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Shares of Scripps Networks Interactive, Inc (SNI) opened at 85.89 on Monday. The firm’s 50-day moving average is $86.14 and its 200-day moving average is $76.15. Scripps Networks Interactive, Inc has a 52-week low of $60.63 and a 52-week high of $88.45. The firm has a market cap of $11.15 billion, a P/E ratio of 17.72 and a beta of 1.47.

The business also recently announced a quarterly dividend, which was paid on Sunday, September 10th. Investors of record on Thursday, August 31st were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend was Tuesday, August 29th. Scripps Networks Interactive’s dividend payout ratio is presently 24.79%.

In related news, Director Jeffrey Sagansky sold 1,159 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $87.83, for a total transaction of $101,794.97. Following the transaction, the director now directly owns 9,457 shares in the company, valued at approximately $830,608.31. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 2.50% of the company’s stock.

Several research analysts have recently issued reports on the stock. Gabelli reiterated a “buy” rating on shares of Scripps Networks Interactive in a report on Thursday, July 27th. Morgan Stanley raised their price objective on Scripps Networks Interactive from $82.00 to $90.00 and gave the company an “equal weight” rating in a report on Thursday, August 24th. Argus downgraded Scripps Networks Interactive from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Royal Bank Of Canada set a $76.00 price objective on Scripps Networks Interactive and gave the stock a “hold” rating in a research report on Tuesday, June 6th. Finally, Zacks Investment Research upgraded Scripps Networks Interactive from a “sell” rating to a “hold” rating in a research report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $84.20.

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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