Scripps Networks Interactive, Inc. (NASDAQ:SNI) Director Ronald W. Tysoe sold 5,873 shares of the company’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $89.90, for a total transaction of $527,982.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Scripps Networks Interactive, Inc. (SNI) traded down $0.06 on Thursday, hitting $90.04. 11,132,800 shares of the stock traded hands, compared to its average volume of 1,537,205. The firm has a market capitalization of $11,690.00, a PE ratio of 16.77, a PEG ratio of 3.17 and a beta of 1.31. Scripps Networks Interactive, Inc. has a 1-year low of $64.87 and a 1-year high of $93.58. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.05 and a quick ratio of 3.05.
Scripps Networks Interactive (NASDAQ:SNI) last issued its earnings results on Monday, February 26th. The company reported $1.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.17. The firm had revenue of $956.12 million for the quarter, compared to analysts’ expectations of $912.81 million. Scripps Networks Interactive had a net margin of 17.52% and a return on equity of 26.63%. During the same quarter last year, the company earned $1.02 earnings per share. equities research analysts forecast that Scripps Networks Interactive, Inc. will post 5.61 EPS for the current year.
A number of research analysts have commented on SNI shares. Zacks Investment Research cut shares of Scripps Networks Interactive from a “hold” rating to a “sell” rating in a research report on Friday, January 5th. BidaskClub raised shares of Scripps Networks Interactive from a “strong sell” rating to a “sell” rating in a research report on Friday, December 22nd. Finally, Cowen reaffirmed a “hold” rating and issued a $90.00 target price on shares of Scripps Networks Interactive in a research report on Monday, February 5th. Fourteen equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Scripps Networks Interactive currently has a consensus rating of “Hold” and a consensus price target of $86.36.
A number of large investors have recently modified their holdings of SNI. Pentwater Capital Management LP purchased a new position in Scripps Networks Interactive in the third quarter valued at approximately $310,922,000. Cowen Inc. purchased a new position in Scripps Networks Interactive in the third quarter valued at approximately $223,568,000. Magnetar Financial LLC purchased a new position in Scripps Networks Interactive in the third quarter valued at approximately $149,660,000. Alpine Associates Management Inc. purchased a new position in Scripps Networks Interactive in the third quarter valued at approximately $143,032,000. Finally, SG Americas Securities LLC increased its stake in Scripps Networks Interactive by 16,713.9% in the fourth quarter. SG Americas Securities LLC now owns 1,606,737 shares of the company’s stock valued at $137,183,000 after purchasing an additional 1,597,181 shares during the last quarter. 62.59% of the stock is currently owned by hedge funds and other institutional investors.
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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.
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