Sanford C. Bernstein Reiterates “Market Perform” Rating for Scripps Networks Interactive, Inc (SNI)

Sanford C. Bernstein reissued their market perform rating on shares of Scripps Networks Interactive, Inc (NASDAQ:SNI) in a research report sent to investors on Tuesday.

A number of other equities analysts have also recently issued reports on the company. Zacks Investment Research cut Scripps Networks Interactive from a hold rating to a sell rating in a report on Monday, July 17th. Wells Fargo & Company started coverage on Scripps Networks Interactive in a report on Thursday, July 20th. They issued a market perform rating and a $82.00 target price for the company. Morgan Stanley upped their target price on Scripps Networks Interactive from $82.00 to $90.00 and gave the stock an equal weight rating in a report on Thursday, August 24th. Moffett Nathanson reaffirmed a sell rating on shares of Scripps Networks Interactive in a report on Friday, June 9th. Finally, J P Morgan Chase & Co raised Scripps Networks Interactive to a neutral rating and set a $83.00 target price for the company in a report on Monday, May 15th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the company’s stock. Scripps Networks Interactive currently has a consensus rating of Hold and an average price target of $84.20.

Shares of Scripps Networks Interactive (NASDAQ:SNI) opened at 86.01 on Tuesday. The stock has a 50 day moving average price of $86.23 and a 200-day moving average price of $76.11. Scripps Networks Interactive has a 52 week low of $59.32 and a 52 week high of $88.45. The firm has a market capitalization of $11.17 billion, a price-to-earnings ratio of 17.75 and a beta of 1.47.

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The business also recently declared a quarterly dividend, which was paid on Sunday, September 10th. Stockholders of record on Thursday, August 31st were paid a $0.30 dividend. The ex-dividend date was Tuesday, August 29th. This represents a $1.20 annualized dividend and a dividend yield of 1.40%. Scripps Networks Interactive’s payout ratio is 24.79%.

In related news, Director Jeffrey Sagansky sold 1,159 shares of the company’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 sale, the director now owns 9,457 shares in the company, valued at approximately $830,608.31. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.50% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in SNI. Acadian Asset Management LLC boosted its position in shares of Scripps Networks Interactive by 199.2% during the 1st quarter. Acadian Asset Management LLC now owns 2,950 shares of the company’s stock valued at $231,000 after purchasing an additional 1,964 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its position in shares of Scripps Networks Interactive by 20.2% during the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 6,931 shares of the company’s stock valued at $543,000 after purchasing an additional 1,167 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in shares of Scripps Networks Interactive by 4.2% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 13,280 shares of the company’s stock valued at $1,041,000 after purchasing an additional 533 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Scripps Networks Interactive by 1.7% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 218,654 shares of the company’s stock valued at $17,136,000 after purchasing an additional 3,719 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System boosted its position in shares of Scripps Networks Interactive by 0.7% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 123,194 shares of the company’s stock valued at $9,655,000 after purchasing an additional 913 shares in the last quarter. Institutional investors own 75.90% 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.

Analyst Recommendations for Scripps Networks Interactive (NASDAQ:SNI)

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