Pinebridge Investments L.P. Has $5.61 Million Position in Scripps Networks Interactive, Inc (SNI)

Pinebridge Investments L.P. increased its stake in shares of Scripps Networks Interactive, Inc (NASDAQ:SNI) by 458.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 82,130 shares of the company’s stock after purchasing an additional 67,427 shares during the period. Pinebridge Investments L.P. owned approximately 0.06% of Scripps Networks Interactive worth $5,611,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in SNI. Mascoma Wealth Management LLC acquired a new stake in shares of Scripps Networks Interactive during the second quarter worth $130,000. Federated Investors Inc. PA grew its stake in Scripps Networks Interactive by 48.4% in the second quarter. Federated Investors Inc. PA now owns 2,378 shares of the company’s stock valued at $163,000 after acquiring an additional 776 shares during the period. SRS Capital Advisors Inc. grew its stake in Scripps Networks Interactive by 13.3% in the first quarter. SRS Capital Advisors Inc. now owns 2,152 shares of the company’s stock valued at $168,000 after acquiring an additional 252 shares during the period. Assetmark Inc. grew its stake in Scripps Networks Interactive by 2.7% in the first quarter. Assetmark Inc. now owns 2,542 shares of the company’s stock valued at $199,000 after acquiring an additional 67 shares during the period. Finally, Bronfman E.L. Rothschild L.P. grew its stake in 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 valued at $202,000 after acquiring an additional 32 shares during the period. 75.85% of the stock is owned by institutional investors and hedge funds.

In related news, Director Jeffrey Sagansky sold 1,159 shares of the stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $87.83, for a total transaction of $101,794.97. Following the transaction, the director now owns 9,457 shares in the company, valued at $830,608.31. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.50% of the company’s stock.

A number of research analysts have issued reports on SNI shares. Gabelli reissued a “buy” rating on shares of Scripps Networks Interactive in a research note on Thursday, July 27th. Zacks Investment Research upgraded Scripps Networks Interactive from a “sell” rating to a “hold” rating in a report on Tuesday, July 25th. Citigroup Inc. upgraded Scripps Networks Interactive from a “sell” rating to a “neutral” rating and boosted their price target for the company from $66.00 to $90.00 in a report on Tuesday, August 1st. KeyCorp restated a “hold” rating on shares of Scripps Networks Interactive in a report on Friday, August 25th. Finally, Royal Bank Of Canada boosted their price target on Scripps Networks Interactive from $76.00 to $90.00 and gave the company an “outperform” rating in a report on Thursday, August 17th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $84.20.

ILLEGAL ACTIVITY NOTICE: “Pinebridge Investments L.P. Has $5.61 Million Position in Scripps Networks Interactive, Inc (SNI)” was reported by Week Herald and is owned by of Week Herald. If you are reading this article on another website, it was illegally copied and republished in violation of international copyright and trademark laws. The original version of this article can be viewed at https://weekherald.com/2017/09/21/pinebridge-investments-l-p-has-5-61-million-position-in-scripps-networks-interactive-inc-sni.html.

Shares of Scripps Networks Interactive, Inc (NASDAQ SNI) traded down 0.01% during mid-day trading on Thursday, hitting $85.74. The stock had a trading volume of 40,774 shares. The firm has a market capitalization of $11.13 billion, a price-to-earnings ratio of 17.69 and a beta of 1.47. Scripps Networks Interactive, Inc has a 1-year low of $59.32 and a 1-year high of $88.45. The stock’s 50-day moving average is $86.14 and its 200 day moving average is $76.15.

The company also recently declared a quarterly dividend, which was paid on Sunday, September 10th. Stockholders of record on Thursday, August 31st were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend was Tuesday, August 29th. Scripps Networks Interactive’s payout ratio is 24.79%.

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.

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

Receive News & Ratings for Scripps Networks Interactive Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Scripps Networks Interactive Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply