Scripps Networks Interactive, Inc. (NASDAQ:SNI) was the recipient of a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 4,047,518 shares, an increase of 31.1% from the February 15th total of 3,086,462 shares. Approximately 5.2% of the company’s stock are sold short. Based on an average daily volume of 2,222,928 shares, the short-interest ratio is currently 1.8 days.
SNI has been the topic of several recent research reports. Zacks Investment Research upgraded Scripps Networks Interactive from a “hold” rating to a “buy” rating and set a $99.00 target price on the stock in a report on Wednesday, January 24th. BidaskClub upgraded Scripps Networks Interactive from a “sell” rating to a “hold” rating in a report on Monday, February 5th. Finally, Cowen restated a “hold” rating and set a $90.00 target price on shares of Scripps Networks Interactive in a report on Monday, February 5th. Fourteen research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $86.36.
Scripps Networks Interactive (SNI) opened at $90.04 on Tuesday. 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 company has a market capitalization of $11,690.00, a PE ratio of 16.77, a PEG ratio of 3.17 and a beta of 1.31. Scripps Networks Interactive has a 12 month low of $64.87 and a 12 month high of $93.58.
The firm also recently disclosed a quarterly dividend, which was paid on Saturday, March 10th. Stockholders of record on Wednesday, February 28th were paid a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.33%. Scripps Networks Interactive’s payout ratio is presently 22.35%.
In related news, CFO Lori A. Hickok sold 125,128 shares of Scripps Networks Interactive stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $89.71, for a total transaction of $11,225,232.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ronald W. Tysoe sold 5,873 shares of Scripps Networks Interactive stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $89.90, for a total value of $527,982.70. The disclosure for this sale can be found here. In the last three months, insiders have sold 149,956 shares of company stock valued at $13,338,612. Insiders own 2.50% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Fuller & Thaler Asset Management Inc. bought a new position in Scripps Networks Interactive during the fourth quarter valued at about $111,000. Financial Gravity Companies Inc. bought a new position in Scripps Networks Interactive during the fourth quarter valued at about $129,000. Cerebellum GP LLC bought a new position in Scripps Networks Interactive during the fourth quarter valued at about $133,000. Valeo Financial Advisors LLC bought a new position in Scripps Networks Interactive during the third quarter valued at about $162,000. Finally, Slow Capital Inc. bought a new position in Scripps Networks Interactive during the fourth quarter valued at about $163,000. Institutional investors and hedge funds own 62.59% of the company’s stock.
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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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