A Reversal for Scripps Networks Interactive, Inc. Is Not Near. Professional Options Traders Are Bearish

 A Reversal for Scripps Networks Interactive, Inc. Is Not Near. Professional Options Traders Are Bearish

In today’s session Scripps Networks Interactive, Inc. (SNI) recorded an unusually high (632) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious SNI decrease. With 632 contracts traded and 1494 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: SNI161216P00055000 closed last at: $0.45 or 10% down. About 710,696 shares traded hands. Scripps Networks Interactive, Inc. (NASDAQ:SNI) has declined 2.76% since April 5, 2016 and is downtrending. It has underperformed by 4.72% the S&P500.

Analysts await Scripps Networks Interactive, Inc. (NASDAQ:SNI) to report earnings on November, 14. They expect $0.96 EPS, down 9.43% or $0.10 from last year’s $1.06 per share. SNI’s profit will be $124.94M for 17.15 P/E if the $0.96 EPS becomes a reality. After $1.58 actual EPS 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 worsened, 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.
Pictet & Cie (Europe) has invested 0.14% of its portfolio in Scripps Networks Interactive, Inc. (NASDAQ:SNI). Bank Of America De owns 412,990 shares or 0.01% of their US portfolio. Price T Rowe Associates Md holds 162,740 shares or 0% of its portfolio. Dreman Value Mngmt L L C last reported 0.25% of its portfolio in the stock. Grantham Mayo Van Otterloo Ltd Co holds 0.02% or 60,875 shares in its portfolio. Manufacturers Life Insurance The holds 0.04% of its portfolio in Scripps Networks Interactive, Inc. (NASDAQ:SNI) for 417,630 shares. Paloma Company accumulated 0.01% or 14,402 shares. Hillsdale Inv Management has invested 0.08% of its portfolio in Scripps Networks Interactive, Inc. (NASDAQ:SNI). Public Employees Retirement Association Of Colorado owns 18,587 shares or 0.01% of their US portfolio. Moreover, Dearborn Prns Ltd Liability Corp has 0.02% invested in Scripps Networks Interactive, Inc. (NASDAQ:SNI) for 3,936 shares. Dimensional Fund Ltd Partnership has invested 0.01% of its portfolio in Scripps Networks Interactive, Inc. (NASDAQ:SNI). Meeder Asset Management Incorporated accumulated 10,414 shares or 0.06% of the stock. Grimes & Inc, a Massachusetts-based fund reported 71,259 shares. Stevens Mngmt L P has 0.04% invested in the company for 14,511 shares. Hsbc Holdg Public Ltd accumulated 0.02% or 134,931 shares.

Insider Transactions: Since May 10, 2016, the stock had 0 buys, and 7 insider sales for $43.95 million net activity. $24.87 million worth of shares were sold by Scripps Jimmy R. on Thursday, May 19. On Monday, September 12 the insider Gibson Cynthia L sold $139,319. 95,000 shares with value of $6.00 million were sold by Scripps Cynthia J on Thursday, September 8. On Friday, September 16 the insider Heidt Julia Scripps sold $9.24 million. Scripps Gerald J. sold $1.36 million worth of stock. On Friday, May 13 Hale Mark S sold $524,843 worth of the stock or 8,118 shares. Another trade for 45,190 shares valued at $2.81M was made by SCRIPPS EDWARD W on Friday, September 9.

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 $8.57 billion. The Company’s divisions include U.S. It has a 11.18 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 news for Scripps Networks Interactive, Inc. (NASDAQ:SNI) were recently published by: Nasdaq.com, which released: “Earnings Reaction History: Scripps Networks Interactive, Inc., 28.6% Follow …” on November 07, 2016. Forbes.com‘s article titled: “The New #7 Most Shorted S&P 500 Component: Scripps Networks Interactive” and published on October 26, 2016 is yet another important article.

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