Halcyon Management Partners LP grew its position in shares of Scripps Networks Interactive, Inc. (NASDAQ:SNI) by 98.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 394,280 shares of the company’s stock after purchasing an additional 195,159 shares during the quarter. Scripps Networks Interactive accounts for 4.9% of Halcyon Management Partners LP’s portfolio, making the stock its 10th largest position. Halcyon Management Partners LP’s holdings in Scripps Networks Interactive were worth $33,663,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Scripps Networks Interactive during the 4th quarter valued at $111,000. Financial Gravity Companies Inc. acquired a new position in shares of Scripps Networks Interactive in the 4th quarter worth $129,000. Cerebellum GP LLC acquired a new position in shares of Scripps Networks Interactive in the 4th quarter worth $133,000. Valeo Financial Advisors LLC acquired a new position in shares of Scripps Networks Interactive in the 3rd quarter worth $162,000. Finally, Meiji Yasuda Asset Management Co Ltd. acquired a new position in shares of Scripps Networks Interactive in the 3rd quarter worth $202,000. Institutional investors own 62.59% of the company’s stock.
In related news, Director Michael R. Costa sold 18,955 shares of the business’s stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $83.64, for a total transaction of $1,585,396.20. Following the completion of the transaction, the director now owns 13,035 shares of the company’s stock, valued at approximately $1,090,247.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Lori A. Hickok sold 125,128 shares of the business’s stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $89.71, for a total value of $11,225,232.88. The disclosure for this sale can be found here. Insiders have sold 149,956 shares of company stock worth $13,338,612 in the last quarter. 2.50% of the stock is currently owned by corporate insiders.
Scripps Networks Interactive (NASDAQ:SNI) last issued its quarterly earnings results on Monday, February 26th. The company reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.17. Scripps Networks Interactive had a return on equity of 26.63% and a net margin of 17.52%. The business had revenue of $956.12 million for the quarter, compared to the consensus estimate of $912.81 million. During the same quarter in the previous year, the company posted $1.02 earnings per share. analysts expect that Scripps Networks Interactive, Inc. will post 5.61 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Saturday, March 10th. Stockholders of record on Wednesday, February 28th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.33%. Scripps Networks Interactive’s dividend payout ratio is 22.35%.
SNI has been the topic of a number of recent research reports. Zacks Investment Research upgraded Scripps Networks Interactive from a “hold” rating to a “buy” rating and set a $99.00 target price on the stock in a report on Wednesday, January 24th. BidaskClub upgraded Scripps Networks Interactive from a “sell” rating to a “hold” rating in a report on Monday, February 5th. Finally, Cowen restated a “hold” rating and issued a $90.00 target price on shares of Scripps Networks Interactive in a report on Monday, February 5th. Fourteen research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $86.36.
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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