Scripps Networks Interactive, Inc (SNI) Position Raised by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its stake in shares of Scripps Networks Interactive, Inc (NASDAQ:SNI) by 10.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,539 shares of the company’s stock after buying an additional 1,501 shares during the period. Victory Capital Management Inc.’s holdings in Scripps Networks Interactive were worth $1,296,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Hugh Johnson Advisors LLC purchased a new stake in shares of Scripps Networks Interactive during the first quarter valued at $2,468,000. Cipher Capital LP purchased a new stake in shares of Scripps Networks Interactive during the first quarter valued at $1,528,000. Clinton Group Inc. purchased a new stake in shares of Scripps Networks Interactive during the first quarter valued at $1,120,000. SG Americas Securities LLC increased its stake in shares of Scripps Networks Interactive by 93.9% in the first quarter. SG Americas Securities LLC now owns 40,921 shares of the company’s stock valued at $3,207,000 after buying an additional 19,812 shares during the period. Finally, Stifel Financial Corp increased its stake in shares of Scripps Networks Interactive by 63.9% in the first quarter. Stifel Financial Corp now owns 40,886 shares of the company’s stock valued at $3,205,000 after buying an additional 15,943 shares during the period. 70.08% of the stock is owned by institutional investors.

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

Shares of Scripps Networks Interactive, Inc (NASDAQ:SNI) opened at 67.48 on Tuesday. The company has a market cap of $8.76 billion, a P/E ratio of 15.08 and a beta of 1.43. The firm has a 50-day moving average of $68.03 and a 200-day moving average of $73.87. Scripps Networks Interactive, Inc has a 52-week low of $58.73 and a 52-week high of $83.42.

Scripps Networks Interactive (NASDAQ:SNI) last posted its quarterly earnings results on Thursday, May 4th. The company reported $1.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.18 by $0.35. The business had revenue of $855 million during the quarter, compared to analysts’ expectations of $856.98 million. Scripps Networks Interactive had a net margin of 16.94% and a return on equity of 30.71%. The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the company posted $1.37 earnings per share. Equities research analysts forecast that Scripps Networks Interactive, Inc will post $5.51 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Saturday, June 10th. Shareholders of record on Wednesday, May 31st were issued a $0.30 dividend. The ex-dividend date of this dividend was Friday, May 26th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.78%. Scripps Networks Interactive’s dividend payout ratio is currently 26.85%.

COPYRIGHT VIOLATION NOTICE: “Scripps Networks Interactive, Inc (SNI) Position Raised by Victory Capital Management Inc.” was originally reported by Ticker Report and is the property of of Ticker Report. If you are accessing this piece on another website, it was illegally copied and republished in violation of international copyright & trademark laws. The original version of this piece can be accessed at https://www.tickerreport.com/banking-finance/2655103/scripps-networks-interactive-inc-sni-position-raised-by-victory-capital-management-inc.html.

Several brokerages recently weighed in on SNI. Moffett Nathanson reissued a “sell” rating on shares of Scripps Networks Interactive in a research report on Friday, June 9th. 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 report on Tuesday, June 6th. J P Morgan Chase & Co raised shares of Scripps Networks Interactive to a “neutral” rating and set a $83.00 price target for the company in a research report on Monday, May 15th. Jefferies Group LLC reissued a “hold” rating and set a $76.00 price target on shares of Scripps Networks Interactive in a research report on Monday, May 15th. Finally, MKM Partners reissued a “neutral” rating on shares of Scripps Networks Interactive in a research report on Thursday, February 23rd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company. Scripps Networks Interactive presently has an average rating of “Hold” and a consensus target price of $77.42.

In other news, major shareholder Edward W. Scripps sold 300,000 shares of the stock in a transaction on Friday, May 26th. The shares were sold at an average price of $66.96, for a total value of $20,088,000.00. Following the sale, the insider now owns 232,071 shares in the company, valued at $15,539,474.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Margaret Scripps Klenzing sold 46,466 shares of the stock in a transaction on Monday, May 8th. The stock was sold at an average price of $71.01, for a total transaction of $3,299,550.66. Following the completion of the sale, the insider now owns 10,013 shares in the company, valued at approximately $711,023.13. The disclosure for this sale can be found here. In the last ninety days, insiders sold 376,466 shares of company stock valued at $25,477,051. Corporate insiders own 2.50% of the company’s stock.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:SNI”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Want to see what other hedge funds are holding SNI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Scripps Networks Interactive, Inc (NASDAQ:SNI).

Receive News & Ratings for Scripps Networks Interactive Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Scripps Networks Interactive Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
Shares at Radius Jump as Bone Drug of Amgen Has Setback
Shares at Radius Jump as Bone Drug of Amgen Has Setback


© 2006-2017 Ticker Report. Google+.