Insider Change: What after Eva Attal’s Insider Unload of Scripps Networks Interactive, Inc. (NASDAQ:SNI) Stock?

November 23, 2016 - By Ellis Scott

Insider Change: What after Eva Attal's Insider Unload of Scripps Networks Interactive, Inc. (NASDAQ:SNI) Stock?

Eva Attal Insider Sell

Eva Attal, major shareholder of Scripps Networks Interactive Inc is the insider, we want to write for today. Mr. Eva submitted a public report with the (SEC) disclosing a transaction for 500,000 shares of the firm, the one she is an insider in. At the time of the legal trade, the average share price of Scripps Networks Interactive Inc was $69.2, making the total sale worth $34,575,400 U.S Dollars. Currently, Mr. Eva, holds 823,143 shares, which accounts for 10%+ of Scripps Networks Interactive Inc’s market capitalization.

Insitutional Activity: The institutional sentiment decreased to 1.08 in 2016 Q2. Its down 0.23, from 1.31 in 2016Q1. The ratio fall, as 44 funds sold all Scripps Networks Interactive, Inc. shares owned while 125 reduced positions. 49 funds bought stakes while 173 increased positions. They now own 83.57 million shares or 1.73% less from 85.04 million shares in 2016Q1.

Jpmorgan Chase accumulated 0% or 246,459 shares. Lsv Asset Mngmt last reported 487,723 shares in the company. Qcm Cayman Ltd, a Texas-based fund reported 5,909 shares. State Street Corporation holds 3.63 million shares or 0.02% of its portfolio. North Mngmt, a Massachusetts-based fund reported 7,200 shares. Clark Capital Mngmt Group Inc Inc holds 0.38% or 94,987 shares in its portfolio. Checchi Advisers Ltd Liability Com accumulated 1,540 shares or 0.01% of the stock. Blackrock Fund Advisors holds 0.02% of its portfolio in Scripps Networks Interactive, Inc. (NASDAQ:SNI) for 1.41M shares. The Kansas-based Mariner Wealth Advisors Lc has invested 0.02% in Scripps Networks Interactive, Inc. (NASDAQ:SNI). Renaissance Technology Ltd has invested 0.03% of its portfolio in Scripps Networks Interactive, Inc. (NASDAQ:SNI). Sumitomo Mitsui Asset Management Ltd holds 0.01% of its portfolio in Scripps Networks Interactive, Inc. (NASDAQ:SNI) for 5,902 shares. Ladenburg Thalmann Finance Service holds 0.01% of its portfolio in Scripps Networks Interactive, Inc. (NASDAQ:SNI) for 10,138 shares. Moreover, Bb&T Secs Lc has 0.01% invested in Scripps Networks Interactive, Inc. (NASDAQ:SNI) for 5,609 shares. Southeastern Asset Mgmt Tn last reported 10.65M shares in the company. Avalon Advsrs Ltd Liability accumulated 0.08% or 32,872 shares.

Insider Transactions: Since September 8, 2016, the stock had 0 buys, and 11 sales for $69.54 million net activity. 45,190 shares were sold by SCRIPPS EDWARD W, worth $2.81 million. On Friday, November 18 Vasquez Virginia S. sold $13.92M worth of the stock or 200,000 shares. Another trade for 152,863 shares valued at $9.24 million was made by Heidt Julia Scripps on Friday, September 16. Scripps Cynthia J also sold $6.00M worth of Scripps Networks Interactive, Inc. (NASDAQ:SNI) shares. Shares for $139,319 were sold by Gibson Cynthia L on Monday, September 12. $236,197 worth of Scripps Networks Interactive, Inc. (NASDAQ:SNI) was sold by GALLOWAY DAVID A on Tuesday, November 15. Shares for $2.11 million were sold by LOWE KENNETH W on Tuesday, November 15.

The stock increased 1.17% or $0.81 during the last trading session, hitting $70.14. About 777,464 shares traded hands. Scripps Networks Interactive, Inc. (NASDAQ:SNI) has risen 8.68% since April 21, 2016 and is uptrending. It has outperformed by 3.36% the S&P500.

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 has a market cap of $9.04 billion. The Company’s divisions include U.S. It has a 11.59 P/E ratio. Networks, International Networks, and Corporate and Other.

According to Zacks Investment Research, “SCRIPPS NETWORKS INTERACTIVE INC. is the leading developer of lifestyle-oriented content for television and the Internet, where on-air programming is complemented with online video, social media areas and e-commerce components on companion Web sites and broadband vertical channels. The company’s media portfolio includes: Lifestyle Media, with popular lifestyle television and Internet brands HGTV, Food Network, DIY Network, Fine Living Network and country music network Great American Country (GAC); and Interactive Services, with leading online search and comparison shopping services, Shopzilla and uSwitch.”

Analysts await Scripps Networks Interactive, Inc. (NASDAQ:SNI) to report earnings on February, 28. They expect $1.06 earnings per share, down 21.48% or $0.29 from last year’s $1.35 per share. SNI’s profit will be $136.62 million for 16.54 P/E if the $1.06 EPS becomes a reality. After $1.26 actual earnings per share reported by Scripps Networks Interactive, Inc. for the previous quarter, Wall Street now forecasts -15.87% negative EPS growth.

More recent Scripps Networks Interactive, Inc. (NASDAQ:SNI) news were published by: Nasdaq.com which released: “Earnings Reaction History: Scripps Networks Interactive, Inc., 28.6% Follow ..” on November 07, 2016. Also Wsj.com published the news titled: “Scripps Networks Benefits From Higher TV Advertising Revenue” on November 07, 2016. Forbes.com‘s news article titled: “The New #7 Most Shorted S&P 500 Component: Scripps Networks Interactive” with publication date: October 26, 2016 was also an interesting one.

SNI Company Profile

Scripps Networks Interactive, Inc., incorporated on October 23, 2007, is a developer of lifestyle-oriented content for linear and interactive video platforms, including television and the Internet brands. The Company’s divisions include U.S. Networks, International Networks, and Corporate and Other.

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