Schwab Charles Investment Management Inc. Acquires 73,006 Shares of Scripps Networks Interactive, Inc (SNI)

Schwab Charles Investment Management Inc. increased its holdings in Scripps Networks Interactive, Inc (NASDAQ:SNI) by 17.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 500,910 shares of the company’s stock after buying an additional 73,006 shares during the period. Schwab Charles Investment Management Inc. owned about 0.52% of Scripps Networks Interactive worth $34,218,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in SNI. BlackRock Inc. boosted its position in shares of Scripps Networks Interactive by 4,188.7% in the 1st quarter. BlackRock Inc. now owns 7,146,555 shares of the company’s stock worth $560,078,000 after buying an additional 6,979,918 shares in the last quarter. Smead Capital Management Inc. boosted its position in shares of Scripps Networks Interactive by 199.0% in the 2nd quarter. Smead Capital Management Inc. now owns 910,817 shares of the company’s stock worth $62,218,000 after buying an additional 606,218 shares in the last quarter. Ardevora Asset Management LLP purchased a new stake in shares of Scripps Networks Interactive in the 2nd quarter worth about $36,286,000. Pioneer Investment Management Inc. boosted its position in shares of Scripps Networks Interactive by 20.9% in the 2nd quarter. Pioneer Investment Management Inc. now owns 2,288,068 shares of the company’s stock worth $156,298,000 after buying an additional 396,253 shares in the last quarter. Finally, WINTON GROUP Ltd boosted its position in shares of Scripps Networks Interactive by 114.5% in the 1st quarter. WINTON GROUP Ltd now owns 670,023 shares of the company’s stock worth $42,540,000 after buying an additional 357,704 shares in the last quarter. Institutional investors and hedge funds own 75.90% of the company’s stock.

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In other Scripps Networks Interactive news, Director Jeffrey Sagansky sold 1,159 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $87.83, for a total transaction of $101,794.97. Following the completion of the sale, the director now directly owns 9,457 shares in the company, valued at approximately $830,608.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.50% of the company’s stock.

Several research firms recently commented on SNI. Sanford C. Bernstein reiterated a “market perform” rating on shares of Scripps Networks Interactive in a research report on Tuesday. Cowen and Company reiterated a “hold” rating and issued a $90.00 price objective on shares of Scripps Networks Interactive in a research report on Friday, September 8th. BidaskClub lowered shares of Scripps Networks Interactive from a “buy” rating to a “hold” rating in a research report on Saturday, September 2nd. KeyCorp reiterated a “hold” rating on shares of Scripps Networks Interactive in a research report on Friday, August 25th. Finally, Morgan Stanley boosted their price objective on shares of Scripps Networks Interactive from $82.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 24th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $84.20.

Scripps Networks Interactive, Inc (NASDAQ:SNI) opened at 85.20 on Wednesday. The stock’s 50 day moving average is $85.89 and its 200 day moving average is $75.90. The stock has a market capitalization of $11.06 billion, a price-to-earnings ratio of 17.58 and a beta of 1.47. Scripps Networks Interactive, Inc has a one year low of $59.32 and a one year high of $88.45.

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, September 10th. Shareholders of record on Thursday, August 31st were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, August 29th. This represents a $1.20 dividend on an annualized basis and a yield of 1.41%. Scripps Networks Interactive’s payout ratio is presently 24.79%.

Scripps Networks Interactive 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.

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

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