BidaskClub downgraded shares of Scripps Networks Interactive (NASDAQ:SNI) from a hold rating to a sell rating in a research report report published on Thursday morning.
SNI has been the subject of several other research reports. Zacks Investment Research raised shares of Scripps Networks Interactive from a hold rating to a buy rating and set a $99.00 target price for the company in a research report on Friday, February 2nd. Cowen reissued a hold rating and issued a $90.00 target price on shares of Scripps Networks Interactive in a research report on Monday, February 5th. Finally, Royal Bank of Canada set a $90.00 price target on shares of Scripps Networks Interactive and gave the company a hold rating in a report on Friday, October 20th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $86.57.
Shares of Scripps Networks Interactive (NASDAQ:SNI) opened at $87.81 on Thursday. The firm has a market cap of $11,407.83, a PE ratio of 16.29, a PEG ratio of 3.12 and a beta of 1.40. Scripps Networks Interactive has a 1 year low of $64.87 and a 1 year high of $88.87. The company has a debt-to-equity ratio of 0.90, a current ratio of 3.19 and a quick ratio of 3.19.
The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 10th. Stockholders of record on Wednesday, February 28th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.37%. The ex-dividend date is Tuesday, February 27th. Scripps Networks Interactive’s dividend payout ratio (DPR) is presently 12.85%.
In other news, Director Michael R. Costa sold 18,955 shares of Scripps Networks Interactive stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $83.64, for a total value of $1,585,396.20. Following the completion of the transaction, the director now directly owns 13,035 shares of the company’s stock, valued at approximately $1,090,247.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 2.50% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the business. BlackRock Inc. boosted its stake in Scripps Networks Interactive by 3.2% during the 4th quarter. BlackRock Inc. now owns 5,789,898 shares of the company’s stock valued at $494,342,000 after purchasing an additional 178,104 shares during the period. Pentwater Capital Management LP acquired a new position in Scripps Networks Interactive during the 3rd quarter valued at about $310,922,000. Cowen Inc. acquired a new position in Scripps Networks Interactive during the 3rd quarter valued at about $223,568,000. Magnetar Financial LLC acquired a new position in Scripps Networks Interactive during the 3rd quarter valued at about $149,660,000. Finally, Alpine Associates Management Inc. acquired a new position in Scripps Networks Interactive during the 3rd quarter valued at about $143,032,000. 61.65% of the stock is owned by hedge funds and other institutional investors.
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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.
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