Scripps Networks Interactive, Inc. (SNI) Shares Sold by Wolverine Asset Management LLC
Wolverine Asset Management LLC trimmed its stake in shares of Scripps Networks Interactive, Inc. (NASDAQ:SNI) by 75.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,725 shares of the company’s stock after selling 32,283 shares during the period. Wolverine Asset Management LLC’s holdings in Scripps Networks Interactive were worth $915,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in SNI. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Scripps Networks Interactive during the fourth quarter valued at $111,000. Financial Gravity Companies Inc. purchased a new stake in shares of Scripps Networks Interactive during the fourth quarter valued at $129,000. Cerebellum GP LLC purchased a new stake in shares of Scripps Networks Interactive during the fourth quarter valued at $133,000. Valeo Financial Advisors LLC acquired a new position in Scripps Networks Interactive during the third quarter valued at $162,000. Finally, Meiji Yasuda Asset Management Co Ltd. acquired a new position in Scripps Networks Interactive during the third quarter valued at $202,000. 62.59% of the stock is owned by institutional investors and hedge funds.
SNI has been the topic of several recent analyst reports. Zacks Investment Research raised Scripps Networks Interactive from a “hold” rating to a “buy” rating and set a $99.00 price target on the stock in a research report on Wednesday, January 24th. BidaskClub raised Scripps Networks Interactive from a “sell” rating to a “hold” rating in a research report on Monday, February 5th. Finally, Cowen reissued a “hold” rating and set a $90.00 price target on shares of Scripps Networks Interactive in a research report on Monday, February 5th. Fourteen analysts have rated the stock with a hold rating and three have given a buy rating to the company. Scripps Networks Interactive currently has a consensus rating of “Hold” and a consensus price target of $86.36.
Scripps Networks Interactive, Inc. (NASDAQ SNI) opened at $90.04 on Wednesday. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.05 and a quick ratio of 3.05. Scripps Networks Interactive, Inc. has a 52-week low of $64.87 and a 52-week high of $93.58. The firm has a market capitalization of $11,690.00, a PE ratio of 16.77, a price-to-earnings-growth ratio of 3.17 and a beta of 1.31.
Scripps Networks Interactive (NASDAQ:SNI) last issued its earnings results on Monday, February 26th. The company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.17. Scripps Networks Interactive had a return on equity of 26.63% and a net margin of 17.52%. The company had revenue of $956.12 million for the quarter, compared to analyst estimates of $912.81 million. During the same period in the prior year, the firm posted $1.02 EPS. sell-side analysts anticipate that Scripps Networks Interactive, Inc. will post 5.61 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Saturday, March 10th. Shareholders of record on Wednesday, February 28th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend was Tuesday, February 27th. Scripps Networks Interactive’s payout ratio is currently 22.35%.
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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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