Elizabeth Logan Insider Sell Transaction
Elizabeth Logan – a well-known insider in Scripps Networks Interactive, Inc. (NYSE:SNI) [stock_ticker symbols=’NYSE:SNI’ show=”” zero=”#009D59″ minus=”#009D59″ plus=”#009D59″ static=”1″] who is presently the major shareholder — made a sale of 20,000 shares of Scripps Networks Interactive Inc, valued by the market at approximately approximately $US 1,119,200 calculated with average price per share of $US 56.0. This specific trade was executed on October 22, 2015 and is available online on the U.S. SEC’s website. Elizabeth Logan at the moment owns 10%+ of Scripps Networks Interactive Inc’s market cap with ownership of 136,998 shares.
Scripps Networks Interactive Inc Stock Rating, Sentiment and Fundamentals
In addition twenty five big league stock analysts are very low on Scripps Networks Interactive Inc, projecting it to declare earnings for each share of $4.51 for 2015 at minimum. This means that the company’s Price/Earnings ratio will be 12.57 and the forecasted growth rate YoY 11.40%
OctaFinance’s time-momentum model, coupled with Elizabeth Logan’s new transaction, certainly helps us to grade this stock a SELL. Scripps Networks Interactive Inc’s share price is still trending down from the last 200 days, during which it has dived 22.75%.
Price Chart of Scripps Networks Interactive NYSE:SNI Stock
Source: RightEdgeSystems, Yahoo Split & Dividend Adjusted Data and OctaFinance Interpretations
Well-known stock traders such as Michael Platt have often shared that the highest risk-adjusted returns are made through fundamental & technical analysis.
Hedge Funds Ownership
13F filings from SEC revealed that, 410 institutional players holded Scripps Networks Interactive Inc. The institutional ownership of the company’s stock in the last quarter is very high, at 68.23% of the shares outstanding. Its up 10.03% from Q1 2015. These banks and hedge funds increased the total shares they own by 8.00 million to 87.68 million this quarter. There were 38 funds that closed their positions and 154 that reduced them. A total of 53 funds opened new positions in Scripps Networks Interactive Inc and 161 increased their holdings.
According to SEC’s 13F filings, the company is in Top 10 stock positions of four institutional managers. Some of them are: Hs Management Partners Llc, Matthew 25 Management Corp, Southeastern Asset Management Inc Tn, Midwest Investment Management Llc.
Hs Management Partners Llc had the greatest investment 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. Moreover Mason Hawkins’s Southeastern Asset Management Inc Tn have 5.79% of their stock portfolio invested in the stock for 13.25 million shares. Midwest Investment Management Llc disclosed it had purchased a stake worth 2.66% of the fund’s stock portfolio in Scripps Networks Interactive Inc. The Tennessee-based fund Courage Capital Management Llc is also very optimistic about the company’s stock, owning 55,124 shares or 1.96% of their 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
Now its market worth is: $7.28 billion and it has 129.95 million shares outstanding. This company has 2100 employees. Today it has 71.17% shareholders and the institutional ownership stands at 71.17%. Scripps Networks Interactive Inc was founded in Ohio on 2007-10-23. The stock closed at $56.02 yesterday and it had average 2 days volume of 173476 shares. It is down from the 30 days average shares volume of 384338. Scripps Networks Interactive Inc has a 52 weeks low of $47.64 and a 52w high of $82.76. The current price is below the 200 days simple moving average. Scripps Networks Interactive Inc last issued its quarterly earnings information on 08/04/2015. The company reported 1.47 EPS for the quarter, above the consensus estimate of 1.26 by 0.21. The company had a revenue of 732.10 million for 6/30/2015 and 658.25 million for 3/31/2015. Therefore, the revenue was 73.85 million up.
Elizabeth Logan is also 10 percent owner of E.W. Scripps Co.
* The reporting person contributed Class A Common Shares to an exchange fund in exchange for shares of the exchange fund. The Class A Common Shares were valued at $55.96 per share for the purpose of determining the number of shares of the exchange fund issuable to the reporting person.