Laura Tomlin Sells 3,579 Shares of E. W. Scripps (SSP) Stock

E. W. Scripps (NYSE:SSP) SVP Laura Tomlin sold 3,579 shares of the company’s stock in a transaction on Monday, October 15th. The shares were sold at an average price of $16.08, for a total value of $57,550.32. Following the completion of the transaction, the senior vice president now owns 3,858 shares of the company’s stock, valued at $62,036.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

SSP traded down $0.89 on Friday, reaching $16.85. The company’s stock had a trading volume of 1,467,184 shares, compared to its average volume of 438,715. E. W. Scripps has a 1 year low of $10.69 and a 1 year high of $18.44.

E. W. Scripps (NYSE:SSP) last released its earnings results on Friday, November 9th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.04. The firm had revenue of $302.70 million for the quarter, compared to the consensus estimate of $292.22 million. During the same period in the prior year, the business earned ($0.03) EPS. The company’s quarterly revenue was up 51.0% on a year-over-year basis.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 26th. Shareholders of record on Friday, December 14th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend is Thursday, December 13th.

Several equities research analysts have commented on the company. Noble Financial restated a “buy” rating on shares of E. W. Scripps in a research note on Wednesday. Zacks Investment Research downgraded E. W. Scripps from a “strong-buy” rating to a “hold” rating in a research report on Thursday. Benchmark reaffirmed a “buy” rating and issued a $20.00 target price on shares of E. W. Scripps in a research report on Thursday, October 18th. Finally, Stephens set a $15.00 price target on E. W. Scripps and gave the company a “hold” rating in a report on Tuesday, August 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $18.40.

A number of large investors have recently added to or reduced their stakes in SSP. LMR Partners LLP acquired a new stake in shares of E. W. Scripps during the 2nd quarter worth approximately $412,000. Price Capital Management Inc. acquired a new stake in shares of E. W. Scripps during the 2nd quarter worth approximately $488,000. California Public Employees Retirement System raised its position in shares of E. W. Scripps by 7.8% during the 1st quarter. California Public Employees Retirement System now owns 112,217 shares of the company’s stock worth $1,345,000 after purchasing an additional 8,117 shares during the period. Lenox Wealth Management Inc. raised its position in shares of E. W. Scripps by 23.3% during the 3rd quarter. Lenox Wealth Management Inc. now owns 83,683 shares of the company’s stock worth $1,381,000 after purchasing an additional 15,788 shares during the period. Finally, Public Employees Retirement System of Ohio raised its position in shares of E. W. Scripps by 19.8% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 106,166 shares of the company’s stock worth $1,422,000 after purchasing an additional 17,580 shares during the period. 77.70% of the stock is currently owned by institutional investors.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally published by Baseball Daily News and is owned by of Baseball Daily News. If you are accessing this piece of content on another website, it was illegally copied and republished in violation of US & international copyright & trademark laws. The original version of this piece of content can be viewed at https://www.baseballdailydigest.com/2018/11/10/e-w-scripps-ssp-svp-sells-57550-32-in-stock.html.

E. W. Scripps Company Profile

The E.W. Scripps Company, together with its subsidiaries, operates as a media enterprise through a portfolio of local and national media brands. Its Local Media segment operates broadcast television stations, which produce news, information, and entertainment content, as well as its related digital operations.

Featured Story: Market Capitalization and Individual Investors

Insider Buying and Selling by Quarter for E. W. Scripps (NYSE:SSP)

Receive News & Ratings for E. W. Scripps Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for E. W. Scripps and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply