Brown Advisory Inc. Cuts Stake in Scripps Networks Interactive, Inc. (SNI)

Brown Advisory Inc. cut its position in Scripps Networks Interactive, Inc. (NASDAQ:SNI) by 87.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 25,671 shares of the company’s stock after selling 173,455 shares during the period. Brown Advisory Inc.’s holdings in Scripps Networks Interactive were worth $2,205,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. YorkBridge Wealth Partners LLC raised its holdings in shares of Scripps Networks Interactive by 14.2% during the second quarter. YorkBridge Wealth Partners LLC now owns 1,552 shares of the company’s stock worth $106,000 after acquiring an additional 193 shares during the period. Mountain Capital Investment Advisors Inc acquired a new stake in shares of Scripps Networks Interactive during the second quarter worth $126,000. Federated Investors Inc. PA raised its holdings in shares of Scripps Networks Interactive by 48.4% during the second quarter. Federated Investors Inc. PA now owns 2,378 shares of the company’s stock worth $163,000 after acquiring an additional 776 shares during the period. Bronfman E.L. Rothschild L.P. raised its holdings in shares of Scripps Networks Interactive by 1.1% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,954 shares of the company’s stock worth $202,000 after acquiring an additional 32 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. acquired a new stake in shares of Scripps Networks Interactive during the third quarter worth $202,000. Institutional investors and hedge funds own 60.86% of the company’s stock.

Scripps Networks Interactive, Inc. (NASDAQ:SNI) traded down $0.10 during trading on Friday, reaching $85.38. 558,551 shares of the company were exchanged, compared to its average volume of 935,936. The company has a market capitalization of $11,105.13, a P/E ratio of 18.28, a P/E/G ratio of 2.16 and a beta of 1.45. Scripps Networks Interactive, Inc. has a 1-year low of $64.87 and a 1-year high of $88.45. 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 (NASDAQ:SNI) last released its earnings results on Wednesday, November 1st. The company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $825.53 million during the quarter, compared to the consensus estimate of $838.63 million. During the same quarter last year, the firm earned $1.26 earnings per share. analysts predict that Scripps Networks Interactive, Inc. will post 5.53 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Sunday, December 10th. Stockholders of record on Thursday, November 30th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend was Wednesday, November 29th. Scripps Networks Interactive’s dividend payout ratio (DPR) is presently 12.85%.

A number of brokerages recently commented on SNI. BidaskClub upgraded shares of Scripps Networks Interactive from a “sell” rating to a “hold” rating in a report on Thursday. Royal Bank of Canada set a $90.00 price objective on shares of Scripps Networks Interactive and gave the stock a “hold” rating in a report on Friday, October 20th. Sanford C. Bernstein restated a “market perform” rating on shares of Scripps Networks Interactive in a report on Tuesday, September 12th. Finally, Cowen restated a “hold” rating and set a $90.00 price objective on shares of Scripps Networks Interactive in a report on Friday, September 8th. Sixteen equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Scripps Networks Interactive has an average rating of “Hold” and an average target price of $85.62.

In other news, Director Jeffrey Sagansky sold 1,077 shares of Scripps Networks Interactive stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $79.61, for a total value of $85,739.97. Following the completion of the transaction, the director now owns 7,520 shares of the company’s stock, valued at approximately $598,667.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Michael R. Costa sold 18,955 shares of the firm’s stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $83.64, for a total transaction of $1,585,396.20. Following the sale, the director now owns 13,035 shares of the company’s stock, valued at approximately $1,090,247.40. The disclosure for this sale can be found here. Company insiders own 2.50% of the company’s stock.

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About Scripps Networks Interactive

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)

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