Todays Report: The Scripps Networks Interactive Inc. (SNI) Stake Raised by Capital Fund Management S.A.

The Scripps Networks Interactive Inc. (SNI) Stake Raised by Capital Fund Management S.A.

Capital Fund Management S.A. increased its stake in Scripps Networks Interactive Inc. (NASDAQ:SNI) by 95.6% during the second quarter, Holdings Channel reports. The fund owned 7,538 shares of the company’s stock after buying an additional 3,685 shares during the period. Capital Fund Management S.A.’s holdings in Scripps Networks Interactive were worth $469,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the company. Winslow Evans & Crocker Inc. raised its stake in Scripps Networks Interactive by 2.9% in the second quarter. Winslow Evans & Crocker Inc. now owns 1,808 shares of the company’s stock valued at $113,000 after buying an additional 51 shares in the last quarter. NEXT Financial Group Inc raised its stake in Scripps Networks Interactive by 17.8% in the second quarter. NEXT Financial Group Inc now owns 1,988 shares of the company’s stock valued at $123,000 after buying an additional 300 shares in the last quarter. Barnett & Company Inc. acquired a new stake in Scripps Networks Interactive during the first quarter valued at approximately $177,000. Sentry Investment Management LLC raised its stake in Scripps Networks Interactive by 76.9% in the first quarter. Sentry Investment Management LLC now owns 3,099 shares of the company’s stock valued at $203,000 after buying an additional 1,347 shares in the last quarter. Finally, Peddock Capital Advisors LLC acquired a new stake in Scripps Networks Interactive during the second quarter valued at approximately $208,000. Institutional investors own 66.36% of the company’s stock.

Scripps Networks Interactive Inc. (NASDAQ:SNI) traded down 0.66% during trading on Thursday, reaching $61.77. The company’s stock had a trading volume of 726,022 shares. Scripps Networks Interactive Inc. has a 52-week low of $50.81 and a 52-week high of $68.44. The stock’s 50-day moving average is $62.58 and its 200 day moving average is $63.91. The firm has a market capitalization of $7.97 billion, a price-to-earnings ratio of 10.49 and a beta of 1.18.

Scripps Networks Interactive (NASDAQ:SNI) last announced its quarterly earnings data on Tuesday, August 9th. The company reported $1.58 EPS for the quarter, topping the Zacks’ consensus estimate of $1.50 by $0.08. Scripps Networks Interactive had a return on equity of 35.33% and a net margin of 22.91%. The firm earned $892.80 million during the quarter, compared to analyst estimates of $893.46 million. During the same period last year, the company posted $1.47 EPS. The business’s quarterly revenue was up 22.0% compared to the same quarter last year. On average, analysts predict that Scripps Networks Interactive Inc. will post $5.15 EPS for the current fiscal year.

A number of research analysts have issued reports on the stock. Evercore ISI lowered shares of Scripps Networks Interactive from a “buy” rating to a “hold” rating and set a $68.00 target price on the stock. in a report on Wednesday, August 10th. MKM Partners restated a “hold” rating on shares of Scripps Networks Interactive in a report on Monday, July 18th. Citigroup Inc. reduced their target price on shares of Scripps Networks Interactive from $65.00 to $62.00 and set a “neutral” rating on the stock in a report on Thursday, August 25th. Stifel Nicolaus upgraded shares of Scripps Networks Interactive from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a report on Wednesday, July 20th. Finally, Sanford C. Bernstein restated a “market perform” rating on shares of Scripps Networks Interactive in a report on Friday, June 17th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the stock. Scripps Networks Interactive presently has an average rating of “Hold” and an average price target of $68.73.

In other news, EVP Cynthia L. Gibson sold 2,238 shares of the firm’s stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $62.25, for a total transaction of $139,315.50. Following the completion of the sale, the executive vice president now directly owns 19,495 shares of the company’s stock, valued at approximately $1,213,563.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Cynthia J. Scripps sold 95,000 shares of the firm’s stock in a transaction dated Thursday, September 8th. The stock was sold at an average price of $63.17, for a total value of $6,001,150.00. Following the sale, the insider now directly owns 65,706 shares of the company’s stock, valued at $4,150,648.02. The disclosure for this sale can be found here. Company insiders own 2.30% of the company’s stock.

About Scripps Networks Interactive

Scripps Networks Interactive, Inc is a developer of lifestyle-oriented content for linear and interactive video platforms, including television and the Internet brands. The Company’s segments include U.S. Networks, International Networks, and Corporate and Other. Its U.S. Networks segment includes its approximately six national television networks: HGTV, Food Network, Travel Channel, DIY Network, Cooking Channel and Great American Country.

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