Capital International Investors Maintains Holdings in Scripps Networks Interactive, Inc (SNI)
Capital International Investors continued to hold its stake in Scripps Networks Interactive, Inc (NASDAQ:SNI) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,927,750 shares of the company’s stock at the close of the second quarter. Capital International Investors owned 1.49% of Scripps Networks Interactive worth $131,685,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Soros Fund Management LLC acquired a new position in Scripps Networks Interactive in the first quarter valued at about $4,945,000. LMR Partners LLP bought a new stake in shares of Scripps Networks Interactive in the second quarter worth about $1,380,000. Schwab Charles Investment Management Inc. raised its position in shares of Scripps Networks Interactive by 17.1% during the second quarter. Schwab Charles Investment Management Inc. now owns 500,910 shares of the company’s stock worth $34,218,000 after purchasing an additional 73,006 shares during the period. Swiss National Bank raised its position in shares of Scripps Networks Interactive by 9.1% during the second quarter. Swiss National Bank now owns 312,861 shares of the company’s stock worth $21,372,000 after purchasing an additional 26,000 shares during the period. Finally, BlackRock Inc. raised its position 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 worth $560,078,000 after purchasing an additional 6,979,918 shares during the period. Hedge funds and other institutional investors own 75.85% of the company’s stock.
In other Scripps Networks Interactive news, Director Jeffrey Sagansky sold 1,159 shares of the business’s stock in a transaction 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 owns 9,457 shares in the company, valued at approximately $830,608.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.50% of the stock is owned by company insiders.
Scripps Networks Interactive, Inc (SNI) traded down 0.13% during trading on Tuesday, hitting $86.00. 191,936 shares of the stock were exchanged. 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 $11.16 billion, a PE ratio of 17.75 and a beta of 1.47. The firm’s 50-day moving average is $85.76 and its 200 day moving average is $76.61.
The company also recently announced a quarterly dividend, which was paid on Sunday, September 10th. Investors of record on Thursday, August 31st were issued 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 currently 24.79%.
SNI has been the subject of several research analyst reports. Zacks Investment Research lowered Scripps Networks Interactive from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. Wells Fargo & Company started coverage on shares of Scripps Networks Interactive in a report on Thursday, July 20th. They set a “market perform” rating and a $82.00 target price on the stock. Morgan Stanley raised their target price on shares of Scripps Networks Interactive from $82.00 to $90.00 and gave the stock an “equal weight” rating in a report on Thursday, August 24th. BidaskClub lowered shares of Scripps Networks Interactive from a “buy” rating to a “hold” rating in a research note on Saturday, September 2nd. Finally, Moffett Nathanson reaffirmed a “sell” rating on shares of Scripps Networks Interactive in a research note on Friday, June 9th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and three have assigned a buy rating to the company. Scripps Networks Interactive presently has a consensus rating of “Hold” and a consensus target price 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.
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