Investors sold shares of Scripps Networks Interactive, Inc. (NASDAQ:SNI) on strength during trading hours on Tuesday. $54.91 million flowed into the stock on the tick-up and $69.94 million flowed out of the stock on the tick-down, for a money net flow of $15.03 million out of the stock. Of all companies tracked, Scripps Networks Interactive had the 0th highest net out-flow for the day. Scripps Networks Interactive traded up $1.51 for the day and closed at $89.72
A number of analysts have recently weighed in on SNI shares. Zacks Investment Research lowered shares of Scripps Networks Interactive from a “hold” rating to a “sell” rating in a research note on Friday, January 5th. BidaskClub upgraded shares of Scripps Networks Interactive from a “strong sell” rating to a “sell” rating in a research note on Friday, December 22nd. Finally, Cowen reiterated a “hold” rating and issued a $90.00 price objective on shares of Scripps Networks Interactive in a research note on Monday, February 5th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the company’s stock. Scripps Networks Interactive presently has a consensus rating of “Hold” and an average price target of $86.36.
The stock has a market capitalization of $11,655.97, a price-to-earnings ratio of 18.84, a PEG ratio of 3.22 and a beta of 1.40. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.05 and a quick ratio of 3.19.
The company also recently declared a quarterly dividend, which will be paid on Saturday, March 10th. Investors of record on Wednesday, February 28th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date is Tuesday, February 27th. Scripps Networks Interactive’s dividend payout ratio (DPR) is presently 25.16%.
In other Scripps Networks Interactive news, Director Michael R. Costa sold 18,955 shares of the stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $83.64, for a total transaction of $1,585,396.20. Following the transaction, the director now directly owns 13,035 shares of the company’s stock, valued at $1,090,247.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.50% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. Fuller & Thaler Asset Management Inc. purchased a new position in Scripps Networks Interactive during the fourth quarter valued at $111,000. Financial Gravity Companies Inc. purchased a new position in Scripps Networks Interactive during the fourth quarter valued at $129,000. Cerebellum GP LLC purchased a new position in Scripps Networks Interactive during the fourth quarter valued at $133,000. Valeo Financial Advisors LLC purchased a new position in Scripps Networks Interactive during the third quarter valued at $162,000. Finally, Slow Capital Inc. acquired a new stake in shares of Scripps Networks Interactive in the fourth quarter valued at about $163,000. 60.08% of the stock is currently owned by institutional investors and hedge funds.
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.
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