Scripps Networks Interactive, Inc (SNI) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its holdings in Scripps Networks Interactive, Inc (NASDAQ:SNI) by 7.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 422,445 shares of the company’s stock after selling 32,007 shares during the period. Principal Financial Group Inc. owned about 0.33% of Scripps Networks Interactive worth $36,284,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. YorkBridge Wealth Partners LLC grew its position in shares of Scripps Networks Interactive by 14.2% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,552 shares of the company’s stock valued at $106,000 after purchasing an additional 193 shares during the last quarter. Mountain Capital Investment Advisors Inc acquired a new position in shares of Scripps Networks Interactive in the second quarter valued at approximately $126,000. Federated Investors Inc. PA grew its position in shares of Scripps Networks Interactive by 48.4% in the second quarter. Federated Investors Inc. PA now owns 2,378 shares of the company’s stock valued at $163,000 after purchasing an additional 776 shares during the last quarter. Savant Capital LLC acquired a new position in shares of Scripps Networks Interactive in the third quarter valued at approximately $210,000. Finally, Bronfman E.L. Rothschild L.P. grew its position in shares of Scripps Networks Interactive by 1.1% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,954 shares of the company’s stock valued at $202,000 after purchasing an additional 32 shares during the last quarter. Hedge funds and other institutional investors own 72.52% of the company’s stock.

In other Scripps Networks Interactive news, Director Jeffrey Sagansky sold 1,077 shares of the stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $79.61, for a total transaction of $85,739.97. Following the completion of the sale, the director now directly owns 7,520 shares in the company, valued at approximately $598,667.20. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.50% of the company’s stock.

Shares of Scripps Networks Interactive, Inc (NASDAQ SNI) opened at $79.81 on Friday. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.90. Scripps Networks Interactive, Inc has a 1-year low of $64.87 and a 1-year high of $88.45. The firm has a market capitalization of $10,277.58, a PE ratio of 14.68, a price-to-earnings-growth ratio of 2.00 and a beta of 1.47.

Scripps Networks Interactive (NASDAQ:SNI) last issued its quarterly earnings results on Wednesday, November 1st. The company reported $1.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.09. Scripps Networks Interactive had a return on equity of 27.04% and a net margin of 17.46%. The firm had revenue of $825.53 million during the quarter, compared to the consensus estimate of $838.63 million. During the same period last year, the business posted $1.26 EPS. sell-side analysts predict that Scripps Networks Interactive, Inc will post 5.53 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Sunday, December 10th. Shareholders of record on Thursday, November 30th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $1.20 dividend on an annualized basis and a yield of 1.50%. Scripps Networks Interactive’s payout ratio is currently 18.20%.

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A number of brokerages recently issued reports on SNI. Royal Bank Of Canada set a $90.00 price target on Scripps Networks Interactive and gave the stock a “hold” rating in a research report on Friday, October 20th. BidaskClub downgraded Scripps Networks Interactive from a “sell” rating to a “strong sell” rating in a research report on Friday, October 13th. Sanford C. Bernstein reissued a “market perform” rating on shares of Scripps Networks Interactive in a research report on Tuesday, September 12th. Cowen and Company reaffirmed a “hold” rating and issued a $90.00 target price on shares of Scripps Networks Interactive in a report on Friday, September 8th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Scripps Networks Interactive in a report on Friday, August 25th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $85.62.

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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Institutional Ownership by Quarter for Scripps Networks Interactive (NASDAQ:SNI)

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