Dupont Capital Management Corp raised its position in shares of Scripps Networks Interactive, Inc (NASDAQ:SNI) by 98.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,879 shares of the company’s stock after buying an additional 19,764 shares during the quarter. Dupont Capital Management Corp’s holdings in Scripps Networks Interactive were worth $3,425,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Alliancebernstein L.P. lifted its stake in shares of Scripps Networks Interactive by 1,107.7% during the 2nd quarter. Alliancebernstein L.P. now owns 2,084,212 shares of the company’s stock worth $142,373,000 after acquiring an additional 1,911,635 shares during the last quarter. BlackRock Inc. raised its position in Scripps Networks Interactive by 18.3% during the 2nd quarter. BlackRock Inc. now owns 8,455,399 shares of the company’s stock valued at $577,591,000 after purchasing an additional 1,308,844 shares in the last quarter. Renaissance Technologies LLC raised its position in Scripps Networks Interactive by 312.1% during the 2nd quarter. Renaissance Technologies LLC now owns 1,293,300 shares of the company’s stock valued at $88,345,000 after purchasing an additional 979,500 shares in the last quarter. JPMorgan Chase & Co. raised its position in Scripps Networks Interactive by 319.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,224,046 shares of the company’s stock valued at $83,614,000 after purchasing an additional 931,958 shares in the last quarter. Finally, FMR LLC raised its position in shares of Scripps Networks Interactive by 24.6% in the 2nd quarter. FMR LLC now owns 3,371,082 shares of the company’s stock worth $230,278,000 after acquiring an additional 665,805 shares in the last quarter. Institutional investors and hedge funds own 72.52% of the company’s stock.
Shares of Scripps Networks Interactive, Inc (NASDAQ SNI) traded down $0.81 during trading on Wednesday, reaching $78.07. The company had a trading volume of 661,900 shares, compared to its average volume of 1,671,470. The stock has a market capitalization of $10,247.69, a price-to-earnings ratio of 14.64, a price-to-earnings-growth ratio of 2.00 and a beta of 1.47. Scripps Networks Interactive, Inc has a 52 week low of $64.87 and a 52 week high of $88.45. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.90.
Scripps Networks Interactive (NASDAQ:SNI) last released its quarterly earnings results on Wednesday, November 1st. The company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.96 by $0.09. The business had revenue of $825.53 million during the quarter, compared to analyst estimates of $838.63 million. Scripps Networks Interactive had a return on equity of 27.04% and a net margin of 17.46%. During the same period last year, the business posted $1.26 earnings per share. equities research analysts predict that Scripps Networks Interactive, Inc will post 5.53 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, December 10th. Stockholders of record on Thursday, November 30th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.54%. The ex-dividend date of this dividend is Wednesday, November 29th. Scripps Networks Interactive’s payout ratio is currently 18.20%.
SNI has been the subject of several recent research reports. Wells Fargo & Company began coverage on Scripps Networks Interactive in a research report on Thursday, July 20th. They issued a “market perform” rating and a $82.00 price target for the company. MKM Partners restated a “neutral” rating and set a $73.00 target price (down from $84.00) on shares of Scripps Networks Interactive in a research note on Friday, July 21st. Zacks Investment Research upgraded Scripps Networks Interactive from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. Gabelli reiterated a “buy” rating on shares of Scripps Networks Interactive in a research note on Thursday, July 27th. Finally, Moffett Nathanson upgraded Scripps Networks Interactive from a “sell” rating to a “neutral” rating and boosted their price target for the company from $61.00 to $87.00 in a research note on Monday, July 31st. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $85.62.
In other Scripps Networks Interactive news, Director Jeffrey Sagansky sold 1,077 shares of the firm’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $79.61, for a total value of $85,739.97. Following the sale, the director now directly 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 this link. 2.50% of the stock is owned by company insiders.
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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