6,891 Shares in Scripps Networks Interactive, Inc (SNI) Purchased by Delta Lloyd Asset Management N.V.

Delta Lloyd Asset Management N.V. acquired a new stake in shares of Scripps Networks Interactive, Inc (NASDAQ:SNI) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 6,891 shares of the company’s stock, valued at approximately $471,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Retirement Systems of Alabama raised its holdings in shares of Scripps Networks Interactive by 2.3% during the first quarter. Retirement Systems of Alabama now owns 46,178 shares of the company’s stock worth $3,619,000 after purchasing an additional 1,028 shares during the period. Acadian Asset Management LLC raised its holdings in shares of Scripps Networks Interactive by 199.2% during the first quarter. Acadian Asset Management LLC now owns 2,950 shares of the company’s stock worth $231,000 after purchasing an additional 1,964 shares during the period. Sumitomo Mitsui Asset Management Company LTD raised its holdings in shares of Scripps Networks Interactive by 20.2% during the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 6,931 shares of the company’s stock worth $543,000 after purchasing an additional 1,167 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in shares of Scripps Networks Interactive by 4.2% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 13,280 shares of the company’s stock worth $1,041,000 after purchasing an additional 533 shares during the period. Finally, APG Asset Management N.V. acquired a new stake in shares of Scripps Networks Interactive during the first quarter worth $11,936,000. Hedge funds and other institutional investors own 75.90% of the company’s stock.

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Scripps Networks Interactive, Inc (NASDAQ SNI) traded up 0.23% during mid-day trading on Friday, hitting $85.54. 315,357 shares of the stock were exchanged. The stock has a market capitalization of $11.10 billion, a P/E ratio of 17.65 and a beta of 1.47. Scripps Networks Interactive, Inc has a 12-month low of $59.32 and a 12-month high of $88.45. The firm has a 50-day moving average price of $86.24 and a 200-day moving average price of $76.07.

The company also recently announced a quarterly dividend, which was paid on Sunday, September 10th. Shareholders of record on Thursday, August 31st were given a $0.30 dividend. The ex-dividend date was Tuesday, August 29th. This represents a $1.20 annualized dividend and a yield of 1.41%. Scripps Networks Interactive’s dividend payout ratio is presently 24.79%.

In other news, Director Jeffrey Sagansky sold 1,159 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $87.83, for a total transaction of $101,794.97. Following the completion of the transaction, the director now directly owns 9,457 shares in the company, valued at $830,608.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.50% of the stock is currently owned by company insiders.

A number of analysts recently weighed in on SNI shares. Zacks Investment Research cut shares of Scripps Networks Interactive from a “hold” rating to a “sell” rating in a report on Monday, July 17th. Wells Fargo & Company started coverage on shares of Scripps Networks Interactive in a report on Thursday, July 20th. They issued a “market perform” rating and a $82.00 price objective on the stock. Morgan Stanley raised their target price on shares of Scripps Networks Interactive from $82.00 to $90.00 and gave the company an “equal weight” rating in a research note on Thursday, August 24th. Moffett Nathanson reissued a “sell” rating on shares of Scripps Networks Interactive in a research note on Friday, June 9th. Finally, J P Morgan Chase & Co reissued an “overweight” rating and set a $83.00 target price on shares of Scripps Networks Interactive in a research note on Monday, July 10th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $84.20.

Scripps Networks Interactive 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.

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

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