Halcyon Management Partners LP increased its stake in Scripps Networks Interactive, Inc. (NASDAQ:SNI) by 98.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 394,280 shares of the company’s stock after buying an additional 195,159 shares during the quarter. Scripps Networks Interactive comprises 4.9% of Halcyon Management Partners LP’s portfolio, making the stock its 10th largest position. Halcyon Management Partners LP owned about 0.30% of Scripps Networks Interactive worth $33,663,000 as of its most recent filing with the SEC.
Other hedge funds also recently bought and sold shares of the company. Fuller & Thaler Asset Management Inc. acquired a new stake in Scripps Networks Interactive during the 4th quarter valued at approximately $111,000. Financial Gravity Companies Inc. acquired a new stake in Scripps Networks Interactive during the 4th quarter valued at approximately $129,000. Cerebellum GP LLC acquired a new stake in Scripps Networks Interactive during the 4th quarter valued at approximately $133,000. Valeo Financial Advisors LLC acquired a new stake in Scripps Networks Interactive during the 3rd quarter valued at approximately $162,000. Finally, Meiji Yasuda Asset Management Co Ltd. acquired a new stake in Scripps Networks Interactive during the 3rd quarter valued at approximately $202,000. Institutional investors and hedge funds own 62.59% of the company’s stock.
Shares of Scripps Networks Interactive, Inc. (NASDAQ:SNI) opened at $90.04 on Monday. The stock has a market capitalization of $11,690.00, a P/E ratio of 16.77, a P/E/G ratio of 3.17 and a beta of 1.31. Scripps Networks Interactive, Inc. has a 1-year low of $64.87 and a 1-year high of $93.58. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.05 and a quick ratio of 3.05.
The business also recently declared a quarterly dividend, which was paid on Saturday, March 10th. Investors of record on Wednesday, February 28th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend was Tuesday, February 27th. Scripps Networks Interactive’s dividend payout ratio (DPR) is 22.35%.
SNI has been the subject of several research reports. Zacks Investment Research lowered Scripps Networks Interactive from a “buy” rating to a “hold” rating in a research report on Thursday, February 1st. BidaskClub upgraded Scripps Networks Interactive from a “sell” rating to a “hold” rating in a research report on Monday, February 5th. Finally, Cowen reiterated a “hold” rating and issued a $90.00 target price on shares of Scripps Networks Interactive in a research report on Monday, February 5th. Fourteen analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $86.36.
In other Scripps Networks Interactive news, Director Michael R. Costa sold 18,955 shares of Scripps Networks Interactive stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $83.64, for a total transaction of $1,585,396.20. Following the sale, the director now owns 13,035 shares of the company’s stock, valued at approximately $1,090,247.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Lori A. Hickok sold 125,128 shares of Scripps Networks Interactive stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $89.71, for a total value of $11,225,232.88. The disclosure for this sale can be found here. In the last three months, insiders sold 149,956 shares of company stock worth $13,338,612. Company insiders own 2.50% of the company’s stock.
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About Scripps Networks Interactive
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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