E.W. Scripps (NASDAQ:SSP) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of E.W. Scripps (NASDAQ:SSPFree Report) to a hold rating in a report published on Saturday morning.

SSP has been the topic of a number of other reports. Zacks Research raised E.W. Scripps from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th. Benchmark lowered their price objective on E.W. Scripps from $10.00 to $8.00 and set a “buy” rating for the company in a research report on Monday, May 11th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of E.W. Scripps in a research note on Friday, May 29th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, E.W. Scripps currently has an average rating of “Hold” and a consensus target price of $5.95.

Get Our Latest Stock Report on SSP

E.W. Scripps Stock Up 0.4%

NASDAQ:SSP opened at $2.82 on Friday. The company’s 50-day simple moving average is $3.06 and its 200-day simple moving average is $3.59. The company has a debt-to-equity ratio of 3.08, a quick ratio of 1.58 and a current ratio of 1.58. E.W. Scripps has a fifty-two week low of $2.02 and a fifty-two week high of $5.39. The stock has a market capitalization of $258.14 million, a P/E ratio of -1.52 and a beta of 0.65.

E.W. Scripps (NASDAQ:SSPGet Free Report) last posted its earnings results on Friday, May 8th. The company reported ($0.20) EPS for the quarter, beating analysts’ consensus estimates of ($0.52) by $0.32. The company had revenue of $516.87 million during the quarter, compared to analysts’ expectations of $516.86 million. E.W. Scripps had a negative net margin of 4.63% and a negative return on equity of 0.56%. On average, equities analysts anticipate that E.W. Scripps will post 0.22 earnings per share for the current fiscal year.

Insider Activity at E.W. Scripps

In related news, major shareholder Molly E. Mccabe sold 11,239 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $3.29, for a total value of $36,976.31. Following the sale, the insider owned 266,493 shares in the company, valued at $876,761.97. This represents a 4.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 326,675 shares of company stock worth $1,117,887 over the last three months. Insiders own 5.24% of the company’s stock.

Institutional Trading of E.W. Scripps

Institutional investors and hedge funds have recently bought and sold shares of the business. Lee Danner & Bass Inc. acquired a new stake in E.W. Scripps during the first quarter worth about $5,273,000. Gamco Investors INC. ET AL lifted its holdings in E.W. Scripps by 9.0% in the first quarter. Gamco Investors INC. ET AL now owns 2,661,878 shares of the company’s stock valued at $9,902,000 after acquiring an additional 219,839 shares during the period. Gabelli Funds LLC boosted its position in E.W. Scripps by 23.2% in the 1st quarter. Gabelli Funds LLC now owns 1,375,524 shares of the company’s stock worth $5,117,000 after purchasing an additional 258,908 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. grew its stake in shares of E.W. Scripps by 233.3% during the 1st quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 241,500 shares of the company’s stock worth $898,000 after purchasing an additional 169,050 shares during the period. Finally, Kestra Private Wealth Services LLC increased its holdings in shares of E.W. Scripps by 9.4% during the 1st quarter. Kestra Private Wealth Services LLC now owns 104,031 shares of the company’s stock valued at $387,000 after purchasing an additional 8,900 shares in the last quarter. 67.81% of the stock is currently owned by institutional investors and hedge funds.

E.W. Scripps Company Profile

(Get Free Report)

The E.W. Scripps Company is a diversified U.S. media organization headquartered in Cincinnati, Ohio. Established in 1878 by Edward Willis Scripps, the company began as a newspaper publisher before expanding into broadcast television, cable networks and digital journalism. Today, Scripps combines a legacy of local news reporting with a growing portfolio of national cable channels and digital platforms.

Scripps operates more than 60 television stations across over 40 markets, delivering local news, weather, sports and entertainment programming to communities in both large and mid-sized U.S.

Recommended Stories

Analyst Recommendations for E.W. Scripps (NASDAQ: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.