Scripps Networks Interactive, Inc.’s Stock Is Buy After Today’s Bullish Options Activity

 Scripps Networks Interactive, Inc.'s Stock Is Buy After Today's Bullish Options Activity

In today’s session Scripps Networks Interactive, Inc. (SNI) registered an unusually high (2,319) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious SNI increase. With 2,319 contracts traded and 29964 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: SNI161216C00065000 closed last at: $2.6 or 4% up. About 104,879 shares traded hands. Scripps Networks Interactive, Inc. (NASDAQ:SNI) has risen 0.92% since March 4, 2016 and is uptrending. It has underperformed by 7.12% the S&P500.

Analysts await Scripps Networks Interactive, Inc. (NASDAQ:SNI) to report earnings on November, 14. They expect $0.96 earnings per share, down 9.43% or $0.10 from last year’s $1.06 per share. SNI’s profit will be $123.38M for 16.29 P/E if the $0.96 EPS becomes a reality. After $1.58 actual earnings per share reported by Scripps Networks Interactive, Inc. for the previous quarter, Wall Street now forecasts -39.24% negative EPS growth.

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.”

Insitutional Activity: The institutional sentiment decreased to 1.31 in Q2 2016. Its down 0.08, from 1.39 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.
Paradigm Asset Mngmt Ltd Liability Co last reported 3,150 shares in the company. Moreover, Cobblestone Cap Advsrs Llc Ny has 0.97% invested in Scripps Networks Interactive, Inc. (NASDAQ:SNI) for 109,250 shares. Sei Invs owns 258,234 shares or 0.1% of their US portfolio. Moreover, Northern Tru Corp has 0.02% invested in Scripps Networks Interactive, Inc. (NASDAQ:SNI) for 978,026 shares. Bridgeway Capital Mngmt Inc holds 120,600 shares or 0.12% of its portfolio. Commonwealth Equity last reported 4,775 shares in the company. Winton Cap Group Incorporated reported 480,580 shares or 0.49% of all its holdings. Gardner Russo And Gardner, a Pennsylvania-based fund reported 1.18 million shares. Cap Fund Management holds 7,538 shares or 0% of its portfolio. Bank Of Montreal Can accumulated 145,973 shares or 0.01% of the stock. Royal London Asset Mgmt Ltd last reported 24,229 shares in the company. Whittier Trust Comm Of Nevada holds 0% of its portfolio in Scripps Networks Interactive, Inc. (NASDAQ:SNI) for 15 shares. Amica Retiree Med Trust accumulated 776 shares or 0.04% of the stock. Moreover, Old Natl Bank In has 0.02% invested in Scripps Networks Interactive, Inc. (NASDAQ:SNI) for 6,706 shares. Moreover, Horizon Kinetics Limited Liability Company has 0.04% invested in Scripps Networks Interactive, Inc. (NASDAQ:SNI) for 27,150 shares.

Insider Transactions: Since May 10, 2016, the stock had 0 insider buys, and 8 selling transactions for $45.31 million net activity. On Friday, September 16 Heidt Julia Scripps sold $9.24 million worth of the stock or 152,863 shares. 95,000 shares with value of $6.00M were sold by Scripps Cynthia J on Thursday, September 8. On Tuesday, May 10 the insider Scripps Gerald J. sold $1.36M. $24.87M worth of Scripps Networks Interactive, Inc. (NASDAQ:SNI) shares were sold by Scripps Jimmy R.. SCRIPPS EDWARD W had sold 45,190 shares worth $2.81M. 2,238 shares were sold by Gibson Cynthia L, worth $139,319 on Monday, September 12. Hale Mark S sold 8,118 shares worth $524,843.

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 $8.04 billion. The Company’s divisions include U.S. It has a 10.62 P/E ratio. Networks, International Networks, and Corporate and Other.

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.

More notable recent Scripps Networks Interactive, Inc. (NASDAQ:SNI) news were published by: Forbes.com which released: “Ex-Dividend Reminder: Cinemark Holdings, Scripps Networks Interactive and Time …” on August 25, 2016, also Fool.com with their article: “Scripps Networks Interactive Posts Record Advertising Sales” published on August 09, 2016, Globenewswire.com published: “Scripps Networks Interactive, AT&T Sign Long-Term Multi-Platform Distribution …” on September 22, 2016. More interesting news about Scripps Networks Interactive, Inc. (NASDAQ:SNI) were released by: Fool.com and their article: “Scripps Networks Interactive Inc. Profit Doubles on Ratings Rebound” published on May 05, 2016 as well as Globenewswire.com‘s news article titled: “Scripps Networks Interactive to Present at Goldman Sachs 25th Annual …” with publication date: September 13, 2016.

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