Foster & Motley Inc. lowered its holdings in Scripps Networks Interactive, Inc. (NASDAQ:SNI) by 7.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 14,971 shares of the company’s stock after selling 1,150 shares during the quarter. Foster & Motley Inc.’s holdings in Scripps Networks Interactive were worth $1,278,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. YorkBridge Wealth Partners LLC boosted its holdings in Scripps Networks Interactive by 14.2% in the 2nd 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 during the period. Mountain Capital Investment Advisors Inc bought a new stake in Scripps Networks Interactive in the 2nd quarter valued at about $126,000. Valeo Financial Advisors LLC bought a new stake in Scripps Networks Interactive in the 3rd quarter valued at about $162,000. Federated Investors Inc. PA boosted its holdings in Scripps Networks Interactive by 48.4% in the 2nd 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 during the period. Finally, Meiji Yasuda Asset Management Co Ltd. bought a new stake in Scripps Networks Interactive in the 3rd quarter valued at about $202,000. 61.01% of the stock is owned by hedge funds and other institutional investors.

SNI has been the subject of a number of recent research reports. BidaskClub downgraded shares of Scripps Networks Interactive from a “hold” rating to a “sell” rating in a report on Friday, October 6th. Royal Bank of Canada set a $90.00 price target on shares of Scripps Networks Interactive and gave the stock a “hold” rating in a report on Friday, October 20th. Finally, Zacks Investment Research downgraded shares of Scripps Networks Interactive from a “hold” rating to a “sell” rating in a report on Friday, January 5th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have issued a buy rating to the company’s stock. Scripps Networks Interactive has a consensus rating of “Hold” and a consensus target price of $85.62.

Shares of Scripps Networks Interactive, Inc. (NASDAQ SNI) opened at $88.77 on Tuesday. Scripps Networks Interactive, Inc. has a twelve month low of $64.87 and a twelve month high of $88.87. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.90. The firm has a market cap of $11,500.00, a P/E ratio of 19.05, a PEG ratio of 2.32 and a beta of 1.44.

Scripps Networks Interactive (NASDAQ:SNI) last issued its quarterly earnings results on Wednesday, November 1st. The company reported $1.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.09. The company had revenue of $825.53 million during the quarter, compared to the consensus estimate 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 prior year, the firm posted $1.26 EPS. research analysts forecast that Scripps Networks Interactive, Inc. will post 5.53 earnings per share for the current year.

In related news, Director Michael R. Costa sold 18,955 shares of the stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $83.64, for a total value of $1,585,396.20. Following the completion of the transaction, the director now owns 13,035 shares of the company’s stock, valued at approximately $1,090,247.40. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Jeffrey Sagansky sold 1,077 shares of the stock in a transaction that occurred 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 transaction, the director now directly owns 7,520 shares of the company’s stock, valued at approximately $598,667.20. The disclosure for this sale can be found here. 2.50% of the stock is owned by corporate insiders.

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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.

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

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