Alliancebernstein L.P. Has $142.37 Million Holdings in Scripps Networks Interactive, Inc (SNI)

Alliancebernstein L.P. grew its position in Scripps Networks Interactive, Inc (NASDAQ:SNI) by 1,107.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,084,212 shares of the company’s stock after acquiring an additional 1,911,635 shares during the period. Alliancebernstein L.P. owned about 1.61% of Scripps Networks Interactive worth $142,373,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Mascoma Wealth Management LLC purchased a new stake in shares of Scripps Networks Interactive during the second quarter worth about $130,000. Federated Investors Inc. PA grew its stake in Scripps Networks Interactive by 48.4% during the 2nd quarter. Federated Investors Inc. PA now owns 2,378 shares of the company’s stock valued at $163,000 after acquiring an additional 776 shares in the last quarter. SRS Capital Advisors Inc. grew its stake in Scripps Networks Interactive by 13.3% during the 1st quarter. SRS Capital Advisors Inc. now owns 2,152 shares of the company’s stock valued at $168,000 after acquiring an additional 252 shares in the last quarter. Assetmark Inc. grew its stake in Scripps Networks Interactive by 2.7% during the 1st quarter. Assetmark Inc. now owns 2,542 shares of the company’s stock valued at $199,000 after acquiring an additional 67 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. grew its stake in Scripps Networks Interactive by 1.1% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,954 shares of the company’s stock valued at $202,000 after acquiring an additional 32 shares in the last quarter. Institutional investors and hedge funds own 75.90% of the company’s stock.

Shares of Scripps Networks Interactive, Inc (NASDAQ SNI) traded up 0.79% during midday trading on Friday, hitting $86.01. 2,030,403 shares of the stock were exchanged. The firm has a market cap of $11.17 billion, a P/E ratio of 17.75 and a beta of 1.47. The firm has a 50 day moving average of $86.23 and a 200 day moving average of $76.11. Scripps Networks Interactive, Inc has a 12-month low of $59.32 and a 12-month high of $88.45.

The business also recently declared a quarterly dividend, which was paid on Sunday, September 10th. Shareholders of record on Thursday, August 31st were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, August 29th. This represents a $1.20 annualized dividend and a yield of 1.40%. Scripps Networks Interactive’s dividend payout ratio (DPR) is presently 24.79%.

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In other Scripps Networks Interactive news, Director Jeffrey Sagansky sold 1,159 shares of the stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $87.83, for a total transaction of $101,794.97. Following the transaction, the director now owns 9,457 shares in the company, valued at $830,608.31. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 2.50% of the company’s stock.

SNI has been the subject of several research reports. Gabelli reaffirmed a “buy” rating on shares of Scripps Networks Interactive in a research note on Thursday, July 27th. Morgan Stanley increased their price target on shares of Scripps Networks Interactive from $82.00 to $90.00 and gave the company an “equal weight” rating in a research note on Thursday, August 24th. Argus cut shares of Scripps Networks Interactive from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Royal Bank Of Canada set a $76.00 price target on shares of Scripps Networks Interactive and gave the company a “hold” rating in a research note on Tuesday, June 6th. Finally, Zacks Investment Research raised shares of Scripps Networks Interactive from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $84.20.

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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