Scripps Networks Interactive, Inc. (NASDAQ:SNI) Director Michael R. Costa Sells 18,955 Shares

Scripps Networks Interactive, Inc. (NASDAQ:SNI) 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 completion of the transaction, the director now directly owns 13,035 shares in the company, valued at approximately $1,090,247.40. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of Scripps Networks Interactive, Inc. (NASDAQ SNI) opened at $87.87 on Friday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 3.19 and a current ratio of 3.19. Scripps Networks Interactive, Inc. has a 12 month low of $64.87 and a 12 month high of $88.45. The company has a market cap of $11,415.63, a P/E ratio of 16.30, a price-to-earnings-growth ratio of 2.31 and a beta of 1.44.

Scripps Networks Interactive (NASDAQ:SNI) last announced its quarterly earnings data on Wednesday, November 1st. The company reported $1.05 EPS for the quarter, beating the consensus estimate of $0.96 by $0.09. The business had revenue of $825.53 million during the quarter, compared to analysts’ expectations 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 period in the previous year, the business posted $1.26 EPS. equities research analysts predict that Scripps Networks Interactive, Inc. will post 5.53 earnings per share for the current year.

A number of analysts have recently weighed in on the stock. BidaskClub cut shares of Scripps Networks Interactive from a “hold” rating to a “sell” rating in a report on Wednesday. Royal Bank of Canada restated a “hold” rating and issued a $90.00 price target on shares of Scripps Networks Interactive in a report on Wednesday, September 20th. Finally, Zacks Investment Research cut shares of Scripps Networks Interactive from a “hold” rating to a “sell” rating in a report on Friday, January 5th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have given a buy rating to the company’s stock. Scripps Networks Interactive currently has an average rating of “Hold” and an average price target of $85.62.

Large investors have recently bought and sold shares of the company. Amalgamated Bank increased its holdings in shares of Scripps Networks Interactive by 56.5% during the 2nd quarter. Amalgamated Bank now owns 10,074 shares of the company’s stock valued at $688,000 after purchasing an additional 3,638 shares in the last quarter. P Schoenfeld Asset Management LP purchased a new position in shares of Scripps Networks Interactive during the 3rd quarter valued at approximately $12,884,000. Schwab Charles Investment Management Inc. increased its holdings in shares of Scripps Networks Interactive by 17.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 500,910 shares of the company’s stock valued at $34,218,000 after purchasing an additional 73,006 shares in the last quarter. Swiss National Bank increased its holdings in shares of Scripps Networks Interactive by 9.1% during the 2nd quarter. Swiss National Bank now owns 312,861 shares of the company’s stock valued at $21,372,000 after purchasing an additional 26,000 shares in the last quarter. Finally, Alliancebernstein L.P. increased its holdings 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 valued at $142,373,000 after purchasing an additional 1,911,635 shares in the last quarter. 60.82% of the stock is owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION WARNING: “Scripps Networks Interactive, Inc. (NASDAQ:SNI) Director Michael R. Costa Sells 18,955 Shares” was originally posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this article on another site, it was copied illegally and republished in violation of U.S. & international copyright legislation. The original version of this article can be viewed at https://www.dispatchtribunal.com/2018/01/14/scripps-networks-interactive-inc-sni-director-michael-r-costa-sells-18955-shares.html.

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.

Insider Buying and Selling by Quarter for Scripps Networks Interactive (NASDAQ:SNI)

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

Leave a Reply