Legal & General Group Plc Has $36.53 Million Stake in Scripps Networks Interactive, Inc (SNI)
Legal & General Group Plc grew its position in shares of Scripps Networks Interactive, Inc (NASDAQ:SNI) by 9.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 425,276 shares of the company’s stock after purchasing an additional 35,475 shares during the period. Legal & General Group Plc owned approximately 0.33% of Scripps Networks Interactive worth $36,527,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. YorkBridge Wealth Partners LLC increased its stake in shares of Scripps Networks Interactive by 14.2% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,552 shares of the company’s stock worth $106,000 after buying an additional 193 shares during the last quarter. Mountain Capital Investment Advisors Inc bought a new stake in shares of Scripps Networks Interactive in the second quarter worth $126,000. Federated Investors Inc. PA increased its stake in shares of Scripps Networks Interactive by 48.4% in 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. increased its stake in shares of Scripps Networks Interactive by 1.1% in 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, Meiji Yasuda Asset Management Co Ltd. bought a new stake in shares of Scripps Networks Interactive in the third quarter worth $202,000. Institutional investors own 60.95% of the company’s stock.
In other Scripps Networks Interactive news, Director Jeffrey Sagansky sold 1,077 shares of the business’s stock in a transaction on 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 owns 7,520 shares in the company, valued at $598,667.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.50% of the stock is owned by insiders.
Shares of Scripps Networks Interactive, Inc (NASDAQ:SNI) opened at $81.67 on Friday. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.90. Scripps Networks Interactive, Inc has a 12 month low of $64.87 and a 12 month high of $88.45. The firm has a market cap of $10,610.00, a price-to-earnings ratio of 15.21, a price-to-earnings-growth ratio of 2.07 and a beta of 1.45.
Scripps Networks Interactive (NASDAQ:SNI) last released its 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. 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 analyst estimates of $838.63 million. During the same quarter in the previous year, the firm earned $1.26 earnings per share. equities research analysts forecast that Scripps Networks Interactive, Inc will post 5.53 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 10th. Shareholders of record on Thursday, November 30th will be paid 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 yield of 1.47%. Scripps Networks Interactive’s payout ratio is 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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