E. W. Scripps (NYSE:SSP) major shareholder Mary Peirce acquired 13,846 shares of the company’s stock in a transaction dated Wednesday, October 10th. The shares were acquired at an average cost of $16.80 per share, with a total value of $232,612.80. Following the completion of the purchase, the insider now owns 328,869 shares in the company, valued at $5,524,999.20. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Mary Peirce also recently made the following trade(s):

  • On Wednesday, October 3rd, Mary Peirce acquired 13,050 shares of E. W. Scripps stock. The shares were acquired at an average cost of $16.51 per share, with a total value of $215,455.50.
  • On Wednesday, September 26th, Mary Peirce acquired 11,061 shares of E. W. Scripps stock. The shares were acquired at an average cost of $16.43 per share, with a total value of $181,732.23.
  • On Wednesday, September 19th, Mary Peirce acquired 8,795 shares of E. W. Scripps stock. The shares were acquired at an average cost of $16.33 per share, with a total value of $143,622.35.

Shares of NYSE SSP opened at $16.13 on Friday. E. W. Scripps has a 1 year low of $10.69 and a 1 year high of $18.23. The company has a market cap of $1.02 billion, a P/E ratio of -41.36, a PEG ratio of 3.19 and a beta of 2.03. The company has a current ratio of 2.89, a quick ratio of 2.89 and a debt-to-equity ratio of 0.76.

E. W. Scripps (NYSE:SSP) last announced its earnings results on Friday, August 3rd. The company reported $0.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.02. E. W. Scripps had a negative net margin of 3.93% and a positive return on equity of 0.89%. The firm had revenue of $283.40 million for the quarter, compared to analyst estimates of $275.68 million. During the same quarter last year, the business earned $0.10 earnings per share. E. W. Scripps’s revenue was up 22.3% compared to the same quarter last year. Sell-side analysts anticipate that E. W. Scripps will post 0.63 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 25th. Investors of record on Friday, September 14th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, September 13th. This represents a $0.20 dividend on an annualized basis and a yield of 1.24%. E. W. Scripps’s dividend payout ratio (DPR) is currently -51.28%.

A number of research analysts have recently weighed in on SSP shares. Noble Financial set a $19.00 price objective on shares of E. W. Scripps and gave the stock a “buy” rating in a research note on Monday, July 9th. Stephens set a $15.00 target price on shares of E. W. Scripps and gave the stock a “hold” rating in a research report on Tuesday, August 7th. Finally, Zacks Investment Research upgraded shares of E. W. Scripps from a “hold” rating to a “strong-buy” rating and set a $16.00 target price on the stock in a research report on Tuesday, August 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. E. W. Scripps currently has a consensus rating of “Buy” and a consensus target price of $18.60.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp boosted its position in E. W. Scripps by 3.3% during the second quarter. Bank of New York Mellon Corp now owns 2,515,144 shares of the company’s stock worth $33,678,000 after acquiring an additional 79,568 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in E. W. Scripps by 19.8% during the second quarter. Public Employees Retirement System of Ohio now owns 106,166 shares of the company’s stock worth $1,422,000 after acquiring an additional 17,580 shares during the last quarter. California Public Employees Retirement System boosted its position in E. W. Scripps by 5.8% during the second quarter. California Public Employees Retirement System now owns 118,693 shares of the company’s stock worth $1,589,000 after acquiring an additional 6,476 shares during the last quarter. Litespeed Management L.L.C. boosted its position in E. W. Scripps by 3.6% during the second quarter. Litespeed Management L.L.C. now owns 433,529 shares of the company’s stock worth $5,805,000 after acquiring an additional 15,000 shares during the last quarter. Finally, Cove Street Capital LLC boosted its holdings in shares of E. W. Scripps by 8.8% in the 2nd quarter. Cove Street Capital LLC now owns 4,025,431 shares of the company’s stock valued at $53,901,000 after purchasing an additional 326,712 shares during the last quarter. Hedge funds and other institutional investors own 77.70% of the company’s stock.

E. W. Scripps Company Profile

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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Insider Buying and Selling by Quarter for E. W. Scripps (NYSE:SSP)

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