Tealwood Asset Management Inc. raised its position in shares of E.W. Scripps Company (The) (NYSE:SSP) by 2.2% during the second quarter, according to its most recent filing with the SEC. The fund owned 162,195 shares of the company’s stock after buying an additional 3,445 shares during the period. Tealwood Asset Management Inc. owned 0.20% of E.W. Scripps Company (The) worth $2,889,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of the stock. State Street Corp boosted its stake in E.W. Scripps Company (The) by 6.0% in the first quarter. State Street Corp now owns 1,324,982 shares of the company’s stock worth $31,062,000 after buying an additional 74,928 shares in the last quarter. Marshall Wace North America L.P. acquired a new stake in E.W. Scripps Company (The) during the first quarter worth approximately $1,911,000. MARSHALL WACE ASIA Ltd acquired a new stake in E.W. Scripps Company (The) during the first quarter worth approximately $1,911,000. Thrivent Financial For Lutherans boosted its stake in E.W. Scripps Company (The) by 3.6% in the first quarter. Thrivent Financial For Lutherans now owns 31,773 shares of the company’s stock worth $745,000 after buying an additional 1,100 shares in the last quarter. Finally, Alambic Investment Management L.P. acquired a new stake in E.W. Scripps Company (The) during the first quarter worth approximately $639,000. 74.05% of the stock is currently owned by institutional investors and hedge funds.
Shares of E.W. Scripps Company (NYSE:SSP) opened at 18.07 on Friday. E.W. Scripps Company has a one year low of $12.16 and a one year high of $24.15. The stock has a 50 day moving average price of $18.43 and a 200 day moving average price of $20.12. The company has a market capitalization of $1.49 billion, a PE ratio of 25.27 and a beta of 2.01.
E.W. Scripps Company (The) (NYSE:SSP) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $0.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.02. The firm had revenue of $231.82 million for the quarter, compared to analyst estimates of $232.04 million. E.W. Scripps Company (The) had a net margin of 6.05% and a return on equity of 5.90%. E.W. Scripps Company (The)’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period last year, the company posted $0.14 EPS. On average, equities research analysts predict that E.W. Scripps Company will post $0.17 earnings per share for the current year.
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A number of research firms have commented on SSP. Zacks Investment Research cut E.W. Scripps Company (The) from a “hold” rating to a “sell” rating in a report on Saturday, April 29th. BidaskClub raised E.W. Scripps Company (The) from a “hold” rating to a “buy” rating in a report on Monday, July 31st. Noble Financial reaffirmed a “buy” rating on shares of E.W. Scripps Company (The) in a report on Wednesday. Jefferies Group LLC reaffirmed a “hold” rating and issued a $20.00 target price on shares of E.W. Scripps Company (The) in a report on Friday, July 14th. Finally, Benchmark Co. reaffirmed a “buy” rating and issued a $26.00 target price on shares of E.W. Scripps Company (The) in a report on Thursday, July 13th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $22.00.
E.W. Scripps Company (The) Company Profile
The E. W. Scripps Company is a media enterprise with interests in television and radio broadcasting, as well as local and national digital media brands. The Company’s segments include television, radio, digital, and syndication and other. As of December 31, 2016, the Television segment included approximately 15 American Broadcasting Company (ABC) affiliates, five National Broadcasting Company (NBC) affiliates, two FOX affiliates, two Columbia Broadcasting System (CBS) affiliates and four non big-four affiliated stations.
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