In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Scripps Networks Interactive Inc. (NYSE:SNI) reported that Scripps Eaton M has picked up 31,204,530 of common stock as of 2017-08-01.
The acquisition brings the aggregate amount owned by Scripps Eaton M to a total of 31,204,530 representing a 24.6% in the company.
For those not familiar with the company, Scripps Networks Interactive, Inc. is a developer of lifestyle-oriented content, providing primarily home, food, travel and other lifestyle-related programing. The Company’s content is distributed through multiple methods, including television, the Internet, digital platforms and licensing arrangements. The Company’s segments include U.S. Networks, International Networks, and Corporate and Other. As of December 31, 2016, the Company’s U.S. Networks segment consisted of six national television networks: HGTV, Food Network, Travel Channel, DIY Network, Cooking Channel and Great American Country. The Company’s International Networks includes the TVN S.A. (TVN) portfolio of networks and other lifestyle-oriented networks available in the United Kingdom, other European markets, the Middle East and Africa (EMEA), Asia Pacific (APAC) and Latin America. In addition to the broadcast networks, it also licenses a portion of its programing to other broadcasters around the world.
A glance at Scripps Networks Interactive Inc. (NYSE:SNI)’s key stats reveals a current market capitalization of 11.34B based on 95.91M shares outstanding and a price at last close of $87.41 per share.
Looking at insider activity, there are a few recent transactions worth noting.
Specifically, on 2014-11-24, Scripps picked up 645,979 at a purchase price of $74.71 per share.This brings their total holding to 2,249,979 as of the date of the filing.
On the sell side, the most recent transaction saw Scripps unload 202,638 shares at a sale price of $66.70. This brings their total holding to 29,433.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Scripps Networks Interactive Inc. (NYSE:SNI) as things move forward to see if its progress aligns with these transactions. Subscribe below and we’ll keep you on top of what’s happening before it moves markets.