Tower Research Capital LLC TRC lifted its holdings in shares of Scripps Networks Interactive, Inc. (NASDAQ:SNI) by 2,972.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,441 shares of the company’s stock after purchasing an additional 3,329 shares during the period. Tower Research Capital LLC TRC’s holdings in Scripps Networks Interactive were worth $294,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Cerebellum GP LLC acquired a new position in Scripps Networks Interactive during the 4th quarter worth approximately $133,000. Valeo Financial Advisors LLC acquired a new position in Scripps Networks Interactive during the 3rd quarter worth approximately $162,000. Meiji Yasuda Asset Management Co Ltd. acquired a new position in Scripps Networks Interactive during the 3rd quarter worth approximately $202,000. Welch & Forbes LLC acquired a new position in Scripps Networks Interactive during the 3rd quarter worth approximately $204,000. Finally, Savant Capital LLC acquired a new position in Scripps Networks Interactive during the 3rd quarter worth approximately $210,000. Institutional investors own 60.08% of the company’s stock.
A number of research analysts recently weighed in on SNI shares. BidaskClub downgraded Scripps Networks Interactive from a “sell” rating to a “strong sell” rating in a research note on Tuesday, December 12th. Zacks Investment Research downgraded Scripps Networks Interactive from a “hold” rating to a “sell” rating in a research note on Friday, January 5th. Finally, Cowen reaffirmed a “hold” rating and set a $90.00 price target on shares of Scripps Networks Interactive in a research note on Monday, February 5th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $86.36.
In other news, Director Michael R. Costa sold 18,955 shares of the stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $83.64, for a total value of $1,585,396.20. Following the completion of the sale, the director now directly owns 13,035 shares of the company’s stock, valued at $1,090,247.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 2.50% of the company’s stock.
Shares of Scripps Networks Interactive, Inc. (NASDAQ SNI) opened at $87.75 on Friday. The company has a market capitalization of $11,400.04, a P/E ratio of 16.28, a PEG ratio of 3.12 and a beta of 1.40. Scripps Networks Interactive, Inc. has a 52 week low of $64.87 and a 52 week high of $88.87. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.90.
The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 10th. Stockholders of record on Wednesday, February 28th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.37%. The ex-dividend date is Tuesday, February 27th. Scripps Networks Interactive’s dividend payout ratio (DPR) is presently 25.70%.
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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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