Intrust Bank NA Sells 1,373 Shares of Scripps Networks Interactive, Inc (SNI)

Intrust Bank NA trimmed its holdings in shares of Scripps Networks Interactive, Inc (NASDAQ:SNI) by 19.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,743 shares of the company’s stock after selling 1,373 shares during the period. Intrust Bank NA’s holdings in Scripps Networks Interactive were worth $494,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. Kassirer Asset Management Corp acquired a new position in Scripps Networks Interactive during the third quarter valued at approximately $1,417,000. BNP Paribas Arbitrage SA lifted its position in Scripps Networks Interactive by 2.2% during the third quarter. BNP Paribas Arbitrage SA now owns 153,919 shares of the company’s stock valued at $13,220,000 after buying an additional 3,339 shares in the last quarter. Swiss National Bank lifted its position in Scripps Networks Interactive by 1.4% during the third quarter. Swiss National Bank now owns 317,161 shares of the company’s stock valued at $27,241,000 after buying an additional 4,300 shares in the last quarter. Harvest Management LLC acquired a new position in Scripps Networks Interactive during the third quarter valued at approximately $8,245,000. Finally, IndexIQ Advisors LLC acquired a new position in Scripps Networks Interactive during the third quarter valued at approximately $17,639,000. 72.52% of the stock is currently owned by hedge funds and other institutional investors.

In other Scripps Networks Interactive news, Director Jeffrey Sagansky sold 1,077 shares of the business’s stock in a transaction 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 sale, the director now 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 the SEC website. 2.50% of the stock is currently owned by insiders.

SNI has been the topic of a number of recent research reports. Zacks Investment Research cut shares of Scripps Networks Interactive from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. Needham & Company LLC cut shares of Scripps Networks Interactive from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Citigroup Inc. raised shares of Scripps Networks Interactive from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $66.00 to $90.00 in a research report on Tuesday, August 1st. Moffett Nathanson raised shares of Scripps Networks Interactive from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $61.00 to $87.00 in a research report on Monday, July 31st. Finally, UBS AG reissued a “neutral” rating and set a $90.00 target price (up from $83.00) on shares of Scripps Networks Interactive in a research report on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and three have issued a buy rating to the company. Scripps Networks Interactive currently has an average rating of “Hold” and an average price target of $85.62.

Shares of Scripps Networks Interactive, Inc (NASDAQ:SNI) opened at $78.88 on Tuesday. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.90. The stock has a market cap of $10,240.00, a price-to-earnings ratio of 14.69, a P/E/G ratio of 2.00 and a beta of 1.47. Scripps Networks Interactive, Inc has a 12 month low of $64.87 and a 12 month high of $88.45.

Scripps Networks Interactive (NASDAQ:SNI) last issued its quarterly earnings results on Wednesday, November 1st. The company reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 17.46% and a return on equity of 27.04%. During the same quarter in the previous year, the firm earned $1.26 earnings per share. analysts expect that Scripps Networks Interactive, Inc will post 5.53 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Sunday, December 10th. Investors of record on Thursday, November 30th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.52%. Scripps Networks Interactive’s dividend payout ratio (DPR) is presently 18.20%.

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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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