E. W. Scripps (NYSE:SSP) major shareholder Charles E. Scripps purchased 5,000 shares of the firm’s stock in a transaction on Monday, February 11th. The shares were purchased at an average cost of $18.93 per share, with a total value of $94,650.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Charles E. Scripps also recently made the following trade(s):
- On Monday, December 10th, Charles E. Scripps purchased 5,000 shares of E. W. Scripps stock. The shares were purchased at an average cost of $16.68 per share, with a total value of $83,400.00.
Shares of NYSE:SSP traded down $0.04 on Monday, reaching $18.75. 223,539 shares of the company traded hands, compared to its average volume of 384,591. E. W. Scripps has a fifty-two week low of $10.69 and a fifty-two week high of $19.13.
E. W. Scripps (NYSE:SSP) last announced its quarterly earnings data on Friday, November 9th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.04. The company had revenue of $302.70 million for the quarter, compared to analyst estimates of $292.22 million. During the same quarter last year, the company posted ($0.03) EPS. E. W. Scripps’s revenue was up 51.0% on a year-over-year basis.
A number of equities research analysts have recently commented on the company. Noble Financial reiterated a “buy” rating on shares of E. W. Scripps in a research report on Wednesday, November 7th. Benchmark reiterated a “buy” rating and set a $20.00 price objective on shares of E. W. Scripps in a research report on Thursday, October 18th. Zacks Investment Research upgraded E. W. Scripps from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research report on Thursday, January 17th. Wolfe Research assumed coverage on E. W. Scripps in a research report on Friday, December 7th. They set a “market perform” rating for the company. Finally, Gabelli assumed coverage on E. W. Scripps in a research report on Tuesday, November 27th. They set a “buy” rating for the company. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. E. W. Scripps currently has a consensus rating of “Hold” and an average target price of $19.50.
Several large investors have recently made changes to their positions in the company. California Public Employees Retirement System lifted its position in shares of E. W. Scripps by 8.0% during the 4th quarter. California Public Employees Retirement System now owns 124,083 shares of the company’s stock valued at $1,952,000 after acquiring an additional 9,227 shares during the last quarter. 361 Capital LLC purchased a new stake in shares of E. W. Scripps in the fourth quarter valued at $2,476,000. Oregon Public Employees Retirement Fund purchased a new stake in shares of E. W. Scripps in the fourth quarter valued at $337,000. Arizona State Retirement System lifted its holdings in shares of E. W. Scripps by 4.2% in the fourth quarter. Arizona State Retirement System now owns 86,804 shares of the company’s stock valued at $1,365,000 after purchasing an additional 3,503 shares in the last quarter. Finally, Meeder Asset Management Inc. purchased a new stake in shares of E. W. Scripps in the fourth quarter valued at $52,000. Institutional investors own 77.70% of the company’s stock.
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About E. W. Scripps
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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