Trade Report: Today, Quantitative Investment Management LLC Buys 9,400 Shares of Scripps Networks Interactive Inc. (SNI)

Today, Quantitative Investment Management LLC Buys 9,400  Shares of Scripps Networks Interactive Inc. (SNI)

Quantitative Investment Management LLC purchased a new stake in Scripps Networks Interactive Inc. (NASDAQ:SNI) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 9,400 shares of the company’s stock, valued at approximately $596,000.

Other hedge funds also recently bought and sold shares of the company. Legal & General Group Plc increased its stake in Scripps Networks Interactive by 0.6% in the first quarter. Legal & General Group Plc now owns 322,186 shares of the company’s stock valued at $21,103,000 after buying an additional 2,024 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in Scripps Networks Interactive by 49.5% in the first quarter. Envestnet Asset Management Inc. now owns 25,699 shares of the company’s stock valued at $1,683,000 after buying an additional 8,505 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. increased its stake in Scripps Networks Interactive by 8.3% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,818 shares of the company’s stock valued at $513,000 after buying an additional 601 shares during the last quarter. Barnett & Company Inc. bought a new stake in Scripps Networks Interactive during the first quarter valued at $177,000. Finally, NEXT Financial Group Inc increased 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 during the last quarter. Institutional investors own 65.62% of the company’s stock.

Scripps Networks Interactive Inc. (NASDAQ:SNI) opened at 70.50 on Friday. The stock has a market cap of $9.10 billion, a price-to-earnings ratio of 11.65 and a beta of 1.12. The stock’s 50 day moving average price is $65.70 and its 200-day moving average price is $64.28. Scripps Networks Interactive Inc. has a 12 month low of $50.81 and a 12 month high of $73.71.

Scripps Networks Interactive (NASDAQ:SNI) last posted its earnings results on Monday, November 7th. The company reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.31. The company earned $803.10 million during the quarter, compared to the consensus estimate of $794.62 million. Scripps Networks Interactive had a net margin of 23.37% and a return on equity of 34.21%. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.06 earnings per share. Equities analysts expect that Scripps Networks Interactive Inc. will post $5.23 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Saturday, December 10th. Investors of record on Wednesday, November 30th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, November 28th. This represents a $1.00 dividend on an annualized basis and a yield of 1.42%. Scripps Networks Interactive’s dividend payout ratio is presently 16.53%.

Several research firms recently issued reports on SNI. Citigroup Inc. lowered their price objective on Scripps Networks Interactive from $65.00 to $62.00 and set a “neutral” rating on the stock in a research report on Thursday, August 25th. Jefferies Group reaffirmed a “hold” rating and issued a $67.00 price objective on shares of Scripps Networks Interactive in a research report on Tuesday, October 4th. Zacks Investment Research cut Scripps Networks Interactive from a “hold” rating to a “sell” rating in a research report on Wednesday, October 19th. Moffett Nathanson cut Scripps Networks Interactive from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $71.00 to $52.00 in a research report on Tuesday, September 27th. Finally, Evercore ISI cut Scripps Networks Interactive from a “buy” rating to a “hold” rating and set a $68.00 price objective on the stock. in a research report on Wednesday, August 10th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $68.73.

In other Scripps Networks Interactive news, Director David A. Galloway sold 3,214 shares of the company’s stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $73.49, for a total value of $236,196.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Eva Scripps Attal sold 500,000 shares of the company’s stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $69.15, for a total transaction of $34,575,000.00. Following the completion of the transaction, the insider now owns 319,454 shares of the company’s stock, valued at approximately $22,090,244.10. The disclosure for this sale can be found here. Corporate 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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