Tealwood Asset Management Inc. Has $240,000 Stake in Scripps Networks Interactive, Inc. (SNI)

Tealwood Asset Management Inc. decreased its position in shares of Scripps Networks Interactive, Inc. (NASDAQ:SNI) by 92.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,810 shares of the company’s stock after selling 36,416 shares during the quarter. Tealwood Asset Management Inc.’s holdings in Scripps Networks Interactive were worth $240,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in SNI. Federated Investors Inc. PA boosted its holdings in shares of Scripps Networks Interactive by 48.4% during the second 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 during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Scripps Networks Interactive by 0.6% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,125 shares of the company’s stock valued at $487,000 after acquiring an additional 39 shares during the period. Franklin Resources Inc. acquired a new position in shares of Scripps Networks Interactive during the second quarter valued at $224,000. Wells Fargo & Company MN raised its stake in shares of Scripps Networks Interactive by 20.7% during the second quarter. Wells Fargo & Company MN now owns 214,394 shares of the company’s stock valued at $14,645,000 after purchasing an additional 36,827 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of Scripps Networks Interactive by 12.0% during the second quarter. Ameriprise Financial Inc. now owns 230,955 shares of the company’s stock valued at $15,777,000 after purchasing an additional 24,710 shares in the last quarter. 60.82% of the stock is owned by institutional investors.

Shares of Scripps Networks Interactive, Inc. (NASDAQ SNI) traded down $0.02 during trading on Friday, reaching $88.50. 841,064 shares of the company’s stock traded hands, compared to its average volume of 1,029,638. 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 12-month low of $64.87 and a 12-month high of $88.77. The company has a market capitalization of $11,490.00, a PE ratio of 18.99, a PEG ratio of 2.31 and a beta of 1.44.

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

A number of equities research analysts recently weighed in on SNI shares. Royal Bank of Canada set a $90.00 price objective on shares of Scripps Networks Interactive and gave the company a “hold” rating in a research note on Friday, October 20th. BidaskClub cut shares of Scripps Networks Interactive from a “sell” rating to a “strong sell” rating in a research note on Tuesday, December 12th. Finally, Zacks Investment Research cut shares of Scripps Networks Interactive from a “hold” rating to a “sell” rating in a research note on Friday, January 5th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have issued a buy rating to the stock. Scripps Networks Interactive has an average rating of “Hold” and a consensus target price of $85.62.

In other Scripps Networks Interactive news, Director Michael R. Costa sold 18,955 shares of the business’s stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $83.64, for a total value of $1,585,396.20. Following the sale, the director now directly owns 13,035 shares in the company, valued at $1,090,247.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jeffrey Sagansky sold 1,077 shares of the business’s 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 owns 7,520 shares in the company, valued at $598,667.20. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by insiders.

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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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