Scripps Networks Interactive, Inc. (NASDAQ:SNI) was the recipient of a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 4,047,518 shares, a growth of 31.1% from the February 15th total of 3,086,462 shares. Currently, 5.2% of the shares of the company are sold short. Based on an average trading volume of 2,222,928 shares, the short-interest ratio is presently 1.8 days.
In other Scripps Networks Interactive news, CFO Lori A. Hickok sold 125,128 shares of Scripps Networks Interactive stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $89.71, for a total transaction of $11,225,232.88. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Ronald W. Tysoe sold 5,873 shares of Scripps Networks Interactive stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $89.90, for a total value of $527,982.70. The disclosure for this sale can be found here. Insiders have sold 149,956 shares of company stock worth $13,338,612 over the last ninety days. Company insiders own 2.50% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in SNI. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Scripps Networks Interactive in the 4th quarter worth approximately $111,000. Financial Gravity Companies Inc. acquired a new position in shares of Scripps Networks Interactive in the 4th quarter worth approximately $129,000. Cerebellum GP LLC acquired a new position in shares of Scripps Networks Interactive in the 4th quarter worth approximately $133,000. Valeo Financial Advisors LLC acquired a new position in shares of Scripps Networks Interactive in the 3rd quarter worth approximately $162,000. Finally, Slow Capital Inc. acquired a new position in shares of Scripps Networks Interactive in the 4th quarter worth approximately $163,000. 62.59% of the stock is currently owned by institutional investors and hedge funds.
Scripps Networks Interactive (NASDAQ:SNI) last announced its earnings results on Monday, February 26th. The company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.21 by $0.17. The business had revenue of $956.12 million for the quarter, compared to the consensus estimate of $912.81 million. Scripps Networks Interactive had a return on equity of 26.63% and a net margin of 17.52%. During the same period in the previous year, the business earned $1.02 EPS. research analysts anticipate that Scripps Networks Interactive will post 5.61 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Saturday, March 10th. Stockholders of record on Wednesday, February 28th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.33%. The ex-dividend date was Tuesday, February 27th. Scripps Networks Interactive’s payout ratio is currently 22.35%.
SNI has been the topic of a number of recent research reports. Zacks Investment Research downgraded Scripps Networks Interactive from a “hold” rating to a “sell” rating in a report on Friday, January 5th. BidaskClub raised Scripps Networks Interactive from a “strong sell” rating to a “sell” rating in a report on Friday, December 22nd. Finally, Cowen reaffirmed a “hold” rating and set a $90.00 price objective on shares of Scripps Networks Interactive in a report on Monday, February 5th. Fourteen equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $86.36.
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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.
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