Wendy Scripps Insider Sell Transaction
Wendy Scripps, an insider of Scripps Networks Interactive, Inc. (NYSE:SNI)
Scripps Networks Interactive Inc Stock Rating, Sentiment and Fundamentals
Mr. Wendy Scripps might have completed this sale because she’s very negative and believes there’s a more difficult future for the Company and its stock price. The twenty five Wall Street analysts who cover Scripps Networks Interactive Inc expect earnings of $4.53 per share and 12.72 P/E ratio in 2015. The percentage of growth rate YOY is expected to be 11.07% or less.
|Rating & Sentiment|
|Hedge Funds Sentiment:||BUY|
|Earnings + FCF Trend:||BUY|
* Read How Our Stock Ratings System Works
Octafinance rate the stock as a sell. The decision is based on many factors as well as our well-know equities trend following model, which is presented on the chart below. Octafinance chart analysis indicates that Scripps Networks Interactive Inc’s share price is in a steady downtrend after a decline by around 20.10 % in the last 200 days alone.
Price Chart of Scripps Networks Interactive NYSE:SNI Stock
Source: RightEdgeSystems, Yahoo Split & Dividend Adjusted Data and OctaFinance Interpretations
The consensus amongst the best great investors has always been that a mix of technical and fundamental analysis allows for the highest risk-adjusted returns, epitomized by David Tepper.
Hedge Funds Ownership
Review of SEC filings show that 410 investment managers owned shares of Scripps Networks Interactive Inc. Octafinance tracked institutional and hedge funds have traditionally had a very high interest in this company, and that was also the case in the last quarter. The institutional ownership was 68.20 % of the stock’s outstanding shares. They increased by 8.00 million the total shares they hold. As of that quarter these institutional investors owned 87.68 million shares. A total of 53 funds opened new positions in Scripps Networks Interactive Inc and 161 increased their holdings. There were 38 funds that closed their positions and 154 that reduced them.
Among these, four have this company in their Top 10. These are: Hs Management Partners Llc, Matthew 25 Management Corp, Southeastern Asset Management Inc Tn, Midwest Investment Management Llc.
Hs Management Partners Llc is the most bullish institutional investor on Scripps Networks Interactive Inc, with ownership of 2.54 million shares as of Q2 2015 for 6.34% of the fund’s portfolio. Matthew 25 Management Corp is another bullish asset manager owning 750,000 shares of the company or 6.56% of their stocks portfolio. The stock is also 5.97% of the fund’s AUM. Mason Hawkins’s Southeastern Asset Management Inc Tn have 5.79% of their stock portfolio invested in the company’s market cap for 13.25 million shares. Further, Midwest Investment Management Llc disclosed it had acquired a stake worth 2.66% of the fund’s stock portfolio in the company. The Tennessee-based fund Courage Capital Management Llc was also a big follower of the public company, owning 55,124 shares. Scripps Networks Interactive Inc is 1.96% of the fund’s stock portfolio.
Scripps Networks Interactive NYSE:SNI Company Profile
Scripps Networks Interactive, Inc. (SNI) is a developer of lifestyle-oriented content for linear and interactive video platforms, including television and the Internet brands. The Company manages its operations through its Lifestyle Media segment. Lifestyle Media includes its six national television networks, HGTV, Food Network, Travel Channel, DIY Network, Cooking Channel and Great American Country. HGTV focuses on decorating, interior design, home remodeling, landscape design and real estate topics. Food Network programming content includes food-related topics. Travel Channel is a travel multi-media brand. DIY Network provides entertaining and informational programming content. Cooking Channel programming focuses on food information and instructional cooking. Great American Country offers the country music experience, music performance specials, live concerts and country music videos.
Company Website: Scripps Networks Interactive
Scripps Networks Interactive Inc was founded in Ohio on 2007-10-23. Today its market value is: $7.29 billion and it has 128.53 million outstanding shares. At the moment it has 71.92% shareholders and the institutional ownership is 71.92%. The firm has 2100 employees. The stock closed at $57.68 yesterday and it had average 2 days volume of 265485 shares. It is down from the 30 days average shares volume of 323738. Scripps Networks Interactive Inc has a 52w low of $47.64 and a 52w high of $82.76. The stock price is below the 200 days Simple moving average. Scripps Networks Interactive Inc last issued its quarterly earnings stats on 11/09/2015. The company reported 1.06 EPS for the quarter, above the consensus estimate of 0.97 by 0.09. The company had a revenue of 776.12 million for 9/30/2015 and 732.10 million for 6/30/2015. Therefore, the revenue was 44.02 million up.
Wendy Scripps is also 10 percent owner of E.W. Scripps Co.
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