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.
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.
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.
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