Envestnet Asset Management Inc. decreased its holdings in Scripps Networks Interactive, Inc. (NASDAQ:SNI) by 82.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,826 shares of the company’s stock after selling 17,445 shares during the period. Envestnet Asset Management Inc.’s holdings in Scripps Networks Interactive were worth $326,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Amundi Pioneer Asset Management Inc. bought a new stake in shares of Scripps Networks Interactive in the 4th quarter valued at approximately $37,034,000. Koch Industries Inc. grew its stake in shares of Scripps Networks Interactive by 176.9% in the 4th quarter. Koch Industries Inc. now owns 180,000 shares of the company’s stock valued at $15,368,000 after buying an additional 115,000 shares in the last quarter. Lombard Odier Asset Management Switzerland SA grew its stake in shares of Scripps Networks Interactive by 9.9% in the 4th quarter. Lombard Odier Asset Management Switzerland SA now owns 21,548 shares of the company’s stock valued at $1,840,000 after buying an additional 1,937 shares in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp grew its stake in shares of Scripps Networks Interactive by 124.5% in the 4th quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 115,000 shares of the company’s stock valued at $9,819,000 after buying an additional 63,770 shares in the last quarter. Finally, Leucadia National Corp bought a new stake in shares of Scripps Networks Interactive in the 4th quarter valued at approximately $15,898,000. Institutional investors own 62.59% of the company’s stock.
In other news, Director Ronald W. Tysoe sold 5,873 shares of the stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $89.90, for a total value of $527,982.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Lori A. Hickok sold 125,128 shares of the stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $89.71, for a total value of $11,225,232.88. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by corporate insiders.
Shares of Scripps Networks Interactive stock opened at $90.04 on Wednesday. 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, Inc. has a 12-month low of $64.87 and a 12-month high of $93.58.
Scripps Networks Interactive (NASDAQ:SNI) last posted its quarterly earnings data on Monday, February 26th. The company reported $1.38 earnings per share for the quarter, beating the 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 company had revenue of $956.12 million during the quarter, compared to analysts’ expectations of $912.81 million. During the same period in the prior year, the business earned $1.02 earnings per share. equities analysts expect that Scripps Networks Interactive, Inc. will post 5.61 EPS for the current fiscal year.
SNI has been the subject of a number of recent analyst reports. Zacks Investment Research cut Scripps Networks Interactive from a “hold” rating to a “sell” rating in a research report on Friday, January 5th. BidaskClub raised Scripps Networks Interactive from a “strong sell” rating to a “sell” rating in a research report on Friday, December 22nd. Finally, Cowen reaffirmed a “hold” rating and set a $90.00 target price on shares of Scripps Networks Interactive in a research report on Monday, February 5th. Fourteen investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $86.36.
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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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