Caisse DE Depot ET Placement DU Quebec raised its stake in Scripps Networks Interactive, Inc. (NASDAQ:SNI) by 104.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 23,737 shares of the company’s stock after buying an additional 12,100 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in Scripps Networks Interactive were worth $2,027,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Scripps Networks Interactive during the fourth quarter worth about $111,000. Financial Gravity Companies Inc. acquired a new stake in shares of Scripps Networks Interactive during the fourth quarter worth about $129,000. Cerebellum GP LLC acquired a new stake in shares of Scripps Networks Interactive during the fourth quarter worth about $133,000. Valeo Financial Advisors LLC acquired a new stake in shares of Scripps Networks Interactive during the third quarter worth about $162,000. Finally, Meiji Yasuda Asset Management Co Ltd. acquired a new stake in shares of Scripps Networks Interactive during the third quarter worth about $202,000. 62.59% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Scripps Networks Interactive, Inc. (NASDAQ:SNI) opened at $90.04 on Thursday. Scripps Networks Interactive, Inc. has a 1 year low of $64.87 and a 1 year high of $93.58. The stock has a market capitalization of $11,690.00, a P/E ratio of 16.77, a P/E/G ratio of 3.17 and a beta of 1.31. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.05 and a quick ratio of 3.05.
Scripps Networks Interactive (NASDAQ:SNI) last announced its earnings results on Monday, February 26th. The company reported $1.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.21 by $0.17. Scripps Networks Interactive had a return on equity of 26.63% and a net margin of 17.52%. The business had revenue of $956.12 million for the quarter, compared to analyst estimates of $912.81 million. During the same quarter last year, the firm earned $1.02 EPS. equities analysts expect that Scripps Networks Interactive, Inc. will post 5.61 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Saturday, March 10th. Investors of record on Wednesday, February 28th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date was Tuesday, February 27th. Scripps Networks Interactive’s dividend payout ratio is presently 22.35%.
A number of research firms have recently commented on SNI. BidaskClub raised Scripps Networks Interactive from a “sell” rating to a “hold” rating in a research report on Friday, March 2nd. Cowen reaffirmed a “hold” rating and set a $90.00 price target on shares of Scripps Networks Interactive in a research report on Monday, February 5th. Finally, Zacks Investment Research lowered Scripps Networks Interactive from a “buy” rating to a “hold” rating in a research report on Thursday, February 1st. Fourteen research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $86.36.
In other Scripps Networks Interactive news, CFO Lori A. Hickok sold 125,128 shares of the firm’s stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $89.71, for a total value of $11,225,232.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael R. Costa sold 18,955 shares of the firm’s stock in a transaction that occurred on 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 owns 13,035 shares of the company’s stock, valued at $1,090,247.40. The disclosure for this sale can be found here. In the last three months, insiders sold 149,956 shares of company stock worth $13,338,612. 2.50% of the stock is owned by insiders.
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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.
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