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

By Carrie Williams

Today, the EVP, Global Operations & CTO of Scripps Networks (NYSE: SNI), Mark S. Hale, bought shares of SNI for $638K.

Following this transaction Mark S. Hale’s holding in the company was increased by 49.28% to a total of $2.31 million. Following Mark S. Hale’s last SNI Buy transaction on March 16, 2017, the stock climbed by 6.9%.

Based on Scripps Networks’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $826 million and quarterly net profit of $124 million. In comparison, last year the company earned revenue of $803 million and had a net profit of $146 million. The company has a one-year high of $88.45 and a one-year low of $64.87. SNI’s market cap is $11.1B and the company has a P/E ratio of 18.30.

12 different firms, including Argus Research and Buckingham, currently also have a Buy rating on the stock.

In the last 30 days, insiders have sold $1.59M worth of SNI shares and purchased $1.94M worth of SNI shares. The insider sentiment on Scripps Networks has been neutral according to 126 insider trades in the past three months. This sentiment is higher than the average sentiment of company insiders in this sector.

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Scripps Networks Interactive, Inc. develops lifestyle oriented content for linear and interactive video platforms including television and the internet. It operates through the U.S. Networks and International Networks segments. The U.S.