Mason Street Advisors LLC Buys 171 Shares of Scripps Networks Interactive, Inc. (SNI)

Mason Street Advisors LLC increased its position in Scripps Networks Interactive, Inc. (NASDAQ:SNI) by 1.3% during the first quarter, Holdings Channel reports. The fund owned 13,202 shares of the company’s stock after buying an additional 171 shares during the period. Mason Street Advisors LLC’s holdings in Scripps Networks Interactive were worth $1,035,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Congress Asset Management Co. MA bought a new position in shares of Scripps Networks Interactive during the fourth quarter worth about $52,680,000. Norges Bank bought a new position in shares of Scripps Networks Interactive during the fourth quarter worth about $48,031,000. Asset Management One Co. Ltd. boosted its position in shares of Scripps Networks Interactive by 2,215.7% in the fourth quarter. Asset Management One Co. Ltd. now owns 369,589 shares of the company’s stock worth $26,382,000 after buying an additional 353,629 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Scripps Networks Interactive by 40.5% in the first quarter. Bank of New York Mellon Corp now owns 1,166,026 shares of the company’s stock worth $91,381,000 after buying an additional 335,940 shares during the last quarter. Finally, Guggenheim Capital LLC boosted its position in shares of Scripps Networks Interactive by 50.3% in the fourth quarter. Guggenheim Capital LLC now owns 896,449 shares of the company’s stock worth $63,978,000 after buying an additional 299,970 shares during the last quarter. 66.76% of the stock is owned by institutional investors and hedge funds.

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

Shares of Scripps Networks Interactive, Inc. (NASDAQ:SNI) opened at 67.20 on Friday. The company’s 50-day moving average price is $69.41 and its 200-day moving average price is $73.93. The firm has a market capitalization of $8.72 billion, a PE ratio of 15.02 and a beta of 1.16. Scripps Networks Interactive, Inc. has a 12-month low of $58.73 and a 12-month high of $83.42.

Scripps Networks Interactive (NASDAQ:SNI) last announced its quarterly earnings results on Thursday, May 4th. The company reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.35. The company had revenue of $855 million during the quarter, compared to the consensus estimate of $856.98 million. Scripps Networks Interactive had a net margin of 23.37% and a return on equity of 34.21%. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.37 earnings per share. Analysts anticipate that Scripps Networks Interactive, Inc. will post $5.51 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Saturday, June 10th. Stockholders of record on Wednesday, May 31st will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, May 26th. This represents a $1.20 annualized dividend and a dividend yield of 1.79%. Scripps Networks Interactive’s dividend payout ratio (DPR) is presently 16.53%.

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SNI has been the subject of a number of recent research reports. Zacks Investment Research cut Scripps Networks Interactive from a “buy” rating to a “hold” rating in a report on Thursday, February 23rd. Guggenheim reissued a “neutral” rating and issued a $82.00 target price on shares of Scripps Networks Interactive in a report on Wednesday, February 22nd. Stifel Nicolaus increased their target price on Scripps Networks Interactive from $75.00 to $90.00 and gave the stock a “positive” rating in a report on Wednesday, February 22nd. Royal Bank of Canada increased their target price on Scripps Networks Interactive from $70.00 to $87.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 22nd. Finally, Needham & Company LLC increased their target price on Scripps Networks Interactive from $82.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, February 22nd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $77.42.

In other news, major shareholder Edward W. Scripps sold 300,000 shares of the company’s stock in a transaction on Friday, May 26th. The shares were sold at an average price of $66.96, for a total transaction of $20,088,000.00. Following the completion of the transaction, the insider now directly owns 232,071 shares in the company, valued at $15,539,474.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mark S. Hale sold 18,346 shares of the company’s stock in a transaction on Wednesday, March 15th. The stock was sold at an average price of $79.44, for a total transaction of $1,457,406.24. Following the transaction, the executive vice president now owns 18,346 shares of the company’s stock, valued at $1,457,406.24. The disclosure for this sale can be found here. Insiders have sold 404,202 shares of company stock valued at $27,678,521 over the last quarter. Company insiders own 2.30% of the company’s stock.

Scripps Networks Interactive Company 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:SNI”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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