E. W. Scripps (NYSE:SSP) CFO Lisa A. Knutson sold 4,406 shares of E. W. Scripps stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $21.41, for a total transaction of $94,332.46. Following the completion of the sale, the chief financial officer now owns 39,794 shares of the company’s stock, valued at approximately $851,989.54. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of E. W. Scripps stock opened at $17.64 on Wednesday. E. W. Scripps has a twelve month low of $12.16 and a twelve month high of $23.41.
E. W. Scripps (NYSE:SSP) last issued its quarterly earnings data on Friday, May 10th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.03). The business had revenue of $292.20 million for the quarter, compared to analyst estimates of $288.81 million. During the same period last year, the business earned ($0.07) EPS. The firm’s quarterly revenue was up 14.9% on a year-over-year basis.
Hedge funds have recently added to or reduced their stakes in the business. California Public Employees Retirement System increased its holdings in E. W. Scripps by 8.0% in the 4th quarter. California Public Employees Retirement System now owns 124,083 shares of the company’s stock valued at $1,952,000 after buying an additional 9,227 shares during the period. Oregon Public Employees Retirement Fund bought a new position in E. W. Scripps in the 4th quarter valued at about $337,000. Metropolitan Life Insurance Co. NY increased its holdings in E. W. Scripps by 349.9% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 13,897 shares of the company’s stock valued at $219,000 after buying an additional 10,808 shares during the period. MetLife Investment Advisors LLC increased its holdings in E. W. Scripps by 50.0% in the 3rd quarter. MetLife Investment Advisors LLC now owns 32,433 shares of the company’s stock valued at $535,000 after buying an additional 10,808 shares during the period. Finally, Marshall Wace North America L.P. bought a new position in E. W. Scripps in the 3rd quarter valued at about $174,000. 77.70% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have weighed in on SSP. Zacks Investment Research cut shares of E. W. Scripps from a “buy” rating to a “hold” rating in a research note on Tuesday, February 5th. Benchmark reiterated a “buy” rating and issued a $26.00 price objective (up previously from $22.00) on shares of E. W. Scripps in a research note on Monday, March 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $20.50.
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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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