Strs Ohio Boosts Position in The E.W. Scripps Company (NASDAQ:SSP)

Strs Ohio lifted its position in The E.W. Scripps Company (NASDAQ:SSPGet Rating) by 5.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,200 shares of the company’s stock after buying an additional 900 shares during the quarter. Strs Ohio’s holdings in E.W. Scripps were worth $193,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Bank of New York Mellon Corp increased its holdings in shares of E.W. Scripps by 0.4% in the first quarter. Bank of New York Mellon Corp now owns 725,112 shares of the company’s stock worth $15,075,000 after purchasing an additional 2,567 shares during the period. Citigroup Inc. grew its position in E.W. Scripps by 8.1% during the first quarter. Citigroup Inc. now owns 54,934 shares of the company’s stock worth $1,142,000 after buying an additional 4,095 shares in the last quarter. Natixis Advisors L.P. increased its stake in E.W. Scripps by 17.6% in the 1st quarter. Natixis Advisors L.P. now owns 26,537 shares of the company’s stock worth $552,000 after acquiring an additional 3,969 shares during the last quarter. Bank of Montreal Can raised its holdings in shares of E.W. Scripps by 13.8% in the 1st quarter. Bank of Montreal Can now owns 19,247 shares of the company’s stock valued at $416,000 after acquiring an additional 2,328 shares in the last quarter. Finally, MetLife Investment Management LLC boosted its position in shares of E.W. Scripps by 85.6% during the 1st quarter. MetLife Investment Management LLC now owns 31,030 shares of the company’s stock valued at $645,000 after acquiring an additional 14,311 shares during the last quarter. 66.37% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Lisa A. Knutson sold 9,950 shares of the business’s stock in a transaction dated Wednesday, December 7th. The stock was sold at an average price of $14.14, for a total value of $140,693.00. Following the completion of the sale, the insider now owns 49,844 shares of the company’s stock, valued at approximately $704,794.16. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, insider Lisa A. Knutson sold 9,950 shares of E.W. Scripps stock in a transaction on Wednesday, December 7th. The shares were sold at an average price of $14.14, for a total value of $140,693.00. Following the transaction, the insider now directly owns 49,844 shares of the company’s stock, valued at $704,794.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Jimmy R. Scripps purchased 101,523 shares of the company’s stock in a transaction on Thursday, November 3rd. The shares were purchased at an average cost of $12.26 per share, with a total value of $1,244,671.98. Following the transaction, the insider now directly owns 636,187 shares in the company, valued at $7,799,652.62. The disclosure for this purchase can be found here. Insiders own 3.08% of the company’s stock.

E.W. Scripps Stock Up 3.2 %

Shares of NASDAQ SSP opened at $13.77 on Friday. The stock has a market capitalization of $1.15 billion, a P/E ratio of 10.85 and a beta of 1.85. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.40 and a quick ratio of 1.40. The E.W. Scripps Company has a one year low of $9.90 and a one year high of $23.61. The firm’s 50 day simple moving average is $13.93 and its two-hundred day simple moving average is $14.06.

E.W. Scripps (NASDAQ:SSPGet Rating) last issued its earnings results on Tuesday, November 8th. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.14). The business had revenue of $612.10 million during the quarter, compared to analysts’ expectations of $638.50 million. E.W. Scripps had a return on equity of 10.33% and a net margin of 6.81%. As a group, analysts expect that The E.W. Scripps Company will post 1.87 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on SSP shares. StockNews.com began coverage on shares of E.W. Scripps in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Wells Fargo & Company cut E.W. Scripps from an “overweight” rating to an “equal weight” rating and set a $11.00 target price on the stock. in a research note on Wednesday, November 9th.

About E.W. Scripps

(Get Rating)

The E.W. Scripps Co engages in the television and newspaper publishing. It operates through the following business segments: Local Media, National Media, and Other. The Local Media segment comprises local broadcast television stations and their related digital operations. The National Media segment consists of national media businesses including over-the-air broadcast networks, Katz, podcast business, Midroll, next generation national news network, Newsy, and other national brands.

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Institutional Ownership by Quarter for E.W. Scripps (NASDAQ:SSP)

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