Westpac Banking Corp trimmed its holdings in shares of Scripps Networks Interactive, Inc (NASDAQ:SNI) by 94.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,441 shares of the company’s stock after selling 88,200 shares during the period. Westpac Banking Corp’s holdings in Scripps Networks Interactive were worth $467,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Bronfman E.L. Rothschild L.P. increased its holdings in shares of 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 valued at $202,000 after purchasing an additional 32 shares in the last quarter. CIBC Asset Management Inc increased its holdings in shares of Scripps Networks Interactive by 0.3% during the 2nd quarter. CIBC Asset Management Inc now owns 12,484 shares of the company’s stock valued at $853,000 after purchasing an additional 35 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Scripps Networks Interactive by 0.6% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,125 shares of the company’s stock valued at $487,000 after purchasing an additional 39 shares in the last quarter. ING Groep NV increased its holdings in shares of Scripps Networks Interactive by 0.8% during the 2nd quarter. ING Groep NV now owns 5,276 shares of the company’s stock valued at $360,000 after purchasing an additional 43 shares in the last quarter. Finally, Empirical Finance LLC increased its holdings in shares of Scripps Networks Interactive by 0.4% during the 2nd quarter. Empirical Finance LLC now owns 15,224 shares of the company’s stock valued at $1,040,000 after purchasing an additional 56 shares in the last quarter. 74.00% of the stock is owned by hedge funds and other institutional investors.

Scripps Networks Interactive, Inc (NASDAQ:SNI) opened at $78.33 on Friday. The company has a current ratio of 3.19, a quick ratio of 4.15 and a debt-to-equity ratio of 0.90. The firm has a market cap of $10,235.68, a PE ratio of 14.63, a PEG ratio of 2.00 and a beta of 1.47. Scripps Networks Interactive, Inc has a 1 year low of $64.87 and a 1 year high of $88.45.

Scripps Networks Interactive (NASDAQ:SNI) last announced its quarterly earnings results on Wednesday, November 1st. The company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.09. The firm had revenue of $825.53 million for the quarter, compared to analysts’ expectations of $838.63 million. Scripps Networks Interactive had a net margin of 17.46% and a return on equity of 27.04%. During the same quarter in the previous year, the company posted $1.26 EPS. analysts expect that Scripps Networks Interactive, Inc will post 5.53 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Sunday, December 10th. Stockholders of record on Thursday, November 30th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $1.20 annualized dividend and a dividend yield of 1.53%. Scripps Networks Interactive’s payout ratio is 18.20%.

Several research firms have recently weighed in on SNI. Citigroup Inc. raised shares of Scripps Networks Interactive from a “sell” rating to a “neutral” rating and lifted their target price for the company from $66.00 to $90.00 in a report on Tuesday, August 1st. Royal Bank Of Canada lifted their target price on shares of Scripps Networks Interactive from $76.00 to $90.00 and gave the company an “outperform” rating in a report on Thursday, August 17th. Argus lowered shares of Scripps Networks Interactive from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. UBS AG reaffirmed a “neutral” rating and set a $90.00 target price (up from $83.00) on shares of Scripps Networks Interactive in a report on Tuesday, August 1st. Finally, Needham & Company LLC lowered shares of Scripps Networks Interactive from a “buy” rating to a “hold” rating in a report on Monday, July 31st. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $85.62.

In other news, Director Jeffrey Sagansky sold 1,077 shares of the business’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $79.61, for a total transaction of $85,739.97. Following the transaction, the director now owns 7,520 shares of the company’s stock, valued at approximately $598,667.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 2.50% of the company’s stock.

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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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