The EVP, Global Operations & CTO of Scripps Networks (NYSE: SNI) is Selling Shares

By Carrie Williams

Today, the EVP, Global Operations & CTO of Scripps Networks (NYSE: SNI), Mark S. Hale, sold shares of SNI for $1.46M.

In addition to Mark S. Hale, 39 other SNI executives reported Sell trades in the last month. Over the last month, Mark S. Hale has reported another 5 Sell trades on SNI for a total of $830.3K.

Based on Scripps Networks’ latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $889 million and quarterly net profit of $52.09 million. In comparison, last year the company earned revenue of $852 million and had a net profit of $165 million. The company has a one year high of $83.42 and a one year low of $58.73. SNI’s market cap is $10.15B and the company has a P/E ratio of 15.40.

Five different firms, including Merrill Lynch and Citigroup, currently also have a Sell rating on the stock. Based on 5 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $81.50, reflecting a -2.3% downside.

In the last 30 days, insiders have sold $114.2M worth of SNI shares and purchased $3.18M worth of SNI shares. The insider sentiment on Scripps Networks has been negative according to 186 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Mark S. Hale’s trades have generated a -0.9% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Scripps Networks Interactive, Inc. develops lifestyle oriented content for linear and interactive video platforms including television and the internet, with respected, high-profile brands. Its businesses engage audiences and serve advertisers by delivering entertaining content that focuses on specifically defined topics of interest. The company manages its operations through the following segments: U.S. Networks and International Networks. The U.S. Networks segment includes six national television networks: HGTV, Food Network, Travel Channel, DIY Network, Cooking Channel and Great American Country. This segment also includes websites that are associated with the aforementioned television brands and other Internet-based businesses serving food, home and travel related categories. The International Networks segment includes the lifestyle-oriented networks available in the UK, EMEA, APAC, Latin America and TVN. Scripps Networks Interactive was founded on July 1, 2008 and is headquartered in Knoxville, TN.