Schroder Investment Management Group lessened its position in shares of Scripps Networks Interactive, Inc (NASDAQ:SNI) by 72.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 525,426 shares of the company’s stock after selling 1,357,551 shares during the quarter. Schroder Investment Management Group owned approximately 0.40% of Scripps Networks Interactive worth $45,081,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. YorkBridge Wealth Partners LLC lifted its holdings in Scripps Networks Interactive by 14.2% during the second quarter. YorkBridge Wealth Partners LLC now owns 1,552 shares of the company’s stock valued at $106,000 after purchasing an additional 193 shares in the last quarter. Mountain Capital Investment Advisors Inc purchased a new position in Scripps Networks Interactive during the second quarter valued at $126,000. Meiji Yasuda Asset Management Co Ltd. purchased a new position in Scripps Networks Interactive during the third quarter valued at $202,000. Federated Investors Inc. PA lifted its holdings in Scripps Networks Interactive by 48.4% during the second quarter. Federated Investors Inc. PA now owns 2,378 shares of the company’s stock valued at $163,000 after purchasing an additional 776 shares in the last quarter. Finally, Savant Capital LLC purchased a new position in Scripps Networks Interactive during the third quarter valued at $210,000. Institutional investors own 60.98% of the company’s stock.

In related news, Director Jeffrey Sagansky sold 1,077 shares of the firm’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 completion of the sale, the director now directly owns 7,520 shares in the company, valued at $598,667.20. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 2.50% of the stock is currently owned by company insiders.

Several equities analysts have issued reports on the stock. Cowen reaffirmed a “hold” rating and set a $90.00 price objective on shares of Scripps Networks Interactive in a report on Friday, September 8th. Morgan Stanley raised their price target on shares of 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. Royal Bank Of Canada reissued a “hold” rating and issued a $90.00 price target on shares of Scripps Networks Interactive in a research note on Wednesday, September 20th. BidaskClub downgraded shares of Scripps Networks Interactive from a “hold” rating to a “sell” rating in a research note on Friday, October 6th. Finally, Sanford C. Bernstein reissued a “market perform” rating on shares of Scripps Networks Interactive in a research note on Tuesday, September 12th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $85.62.

Shares of Scripps Networks Interactive, Inc (NASDAQ SNI) opened at $82.30 on Friday. Scripps Networks Interactive, Inc has a 12-month low of $64.87 and a 12-month high of $88.45. The stock has a market cap of $10,632.24, a PE ratio of 15.18, a P/E/G ratio of 2.07 and a beta of 1.45. The company has a debt-to-equity ratio of 0.90, a quick ratio of 3.19 and a current ratio of 3.19.

Scripps Networks Interactive (NASDAQ:SNI) last released its quarterly earnings data on Wednesday, November 1st. The company reported $1.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.09. Scripps Networks Interactive had a net margin of 17.46% and a return on equity of 27.04%. The firm had revenue of $825.53 million during the quarter, compared to analysts’ expectations of $838.63 million. During the same period last year, the business earned $1.26 earnings per share. analysts predict that Scripps Networks Interactive, Inc will post 5.53 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, December 10th. Investors of record on Thursday, November 30th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend is Wednesday, November 29th. Scripps Networks Interactive’s payout ratio is currently 12.85%.

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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.

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

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