Scripps Networks Interactive, Inc. (SNI) Files Form 4 Insider Buying : Eaton M Scripps Buys 645,979 Shares

Scripps Networks Interactive, Inc. (SNI): Eaton M Scripps , director 10% owner of Scripps Networks Interactive, Inc. purchased 645,979 shares on Nov 24, 2014. The Insider buying transaction was reported by the company on Sep 22, 2016 to the Securities and Exchange Commission. The shares were purchased at $74.71 per share for a total value of $48261092 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 19, 2016, Julia Scripps Heidt (10% owner) sold 152,863 shares at $60.65 per share price.On Sep 13, 2016, Edward W Scripps (10% owner) sold 45,190 shares at $62.54 per share price.Also, On Sep 13, 2016, Cynthia L Gibson (EVP and CLO) sold 2,238 shares at $62.25 per share price.On Sep 9, 2016, Cynthia J Scripps (10% owner) sold 95,000 shares at $63.17 per share price.

Shares of Scripps Networks Interactive (SNI) ended Tuesday, Sep 21, 2016 session in red amid volatile trading. The shares closed down -0.44 points or -0.73% at $59.67 with 8,44,979 shares getting traded. Post opening the session at $60.45, the shares hit an intraday low of $59.66 and an intraday high of $60.58 and the price vacillated in this range throughout the day. The company has a market cap of $7,700 M and the number of outstanding shares has been calculated to be 12,90,47,351 shares. The 52-week high of Scripps Networks Interactive is $68.44 and the 52-week low is $47.62.

Scripps Networks Interactive Money Flow Index Chart

Company has been under the radar of several Street Analysts.Scripps Networks Interactive is Upgraded by Stifel to Buy and the brokerage firm has set the Price Target at $75. Earlier the firm had a rating of Hold on the company shares. The Rating was issued on Jul 20, 2016.

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.

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