Scripps Networks Interactive major shareholder Megan Scripps Tagliaferri Unloads 150,737 Shares (SNI)
Scripps Networks Interactive (NYSE:SNI) major shareholder Megan Scripps Tagliaferri unloaded 150,737 shares of the company’s stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $80.60, for a total value of $12,149,402.20. Following the completion of the sale, the insider now directly owns 802,000 shares in the company, valued at approximately $64,641,200. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Scripps Networks Interactive (NYSE:SNI) traded up 0.44% on Wednesday, hitting $80.73. The stock had a trading volume of 563,353 shares. Scripps Networks Interactive has a one year low of $65.64 and a one year high of $86.62. The stock has a 50-day moving average of $77.21 and a 200-day moving average of $77.69. The company has a market cap of $11.538 billion and a P/E ratio of 22.63.
Scripps Networks Interactive (NYSE:SNI) last announced its earnings results on Thursday, May 8th. The company reported $0.87 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.82 by $0.05. The company had revenue of $644.00 million for the quarter, compared to the consensus estimate of $645.05 million. During the same quarter in the prior year, the company posted $0.77 earnings per share. The company’s quarterly revenue was up 8.4% on a year-over-year basis. On average, analysts predict that Scripps Networks Interactive will post $3.98 earnings per share for the current fiscal year.
SNI has been the subject of a number of recent research reports. Analysts at ISI Group upgraded shares of Scripps Networks Interactive from a “neutral” rating to a “buy” rating in a research note on Thursday, May 8th. They now have a $85.00 price target on the stock. Analysts at Wunderlich upgraded shares of Scripps Networks Interactive from a “hold” rating to a “buy” rating in a research note on Friday, April 4th. They now have a $90.00 price target on the stock, up previously from $86.00. They noted that the move was a valuation call. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Scripps Networks Interactive has a consensus rating of “Hold” and an average price target of $85.36.
Scripps Networks Interactive, Inc is a developer of lifestyle-oriented content for television and the Internet with television and interactive brands.
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