E. W. Scripps (NYSE:SSP) major shareholder Eaton M. Scripps purchased 29,264 shares of the business’s stock in a transaction on Friday, November 2nd. The shares were bought at an average cost of $17.30 per share, for a total transaction of $506,267.20. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
Eaton M. Scripps also recently made the following trade(s):
- On Friday, October 26th, Eaton M. Scripps purchased 27,976 shares of E. W. Scripps stock. The shares were bought at an average cost of $16.18 per share, for a total transaction of $452,651.68.
E. W. Scripps stock opened at $17.19 on Friday. E. W. Scripps has a 52-week low of $10.69 and a 52-week high of $18.20.
SSP has been the topic of a number of recent analyst reports. Noble Financial reaffirmed a “buy” rating on shares of E. W. Scripps in a research note on Friday, October 19th. Zacks Investment Research lowered shares of E. W. Scripps from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 11th. Benchmark reissued a “buy” rating and issued a $20.00 price objective on shares of E. W. Scripps in a research report on Thursday, October 18th. Finally, Stephens set a $15.00 price objective on shares of E. W. Scripps and gave the stock a “hold” rating in a research report on Tuesday, August 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $18.40.
Institutional investors have recently added to or reduced their stakes in the company. LMR Partners LLP acquired a new stake in shares of E. W. Scripps in the second quarter worth $412,000. Price Capital Management Inc. acquired a new stake in shares of E. W. Scripps in the second quarter worth $488,000. California Public Employees Retirement System increased its position in shares of E. W. Scripps by 7.8% in the first quarter. California Public Employees Retirement System now owns 112,217 shares of the company’s stock worth $1,345,000 after acquiring an additional 8,117 shares in the last quarter. Lenox Wealth Management Inc. increased its position in shares of E. W. Scripps by 23.3% in the third quarter. Lenox Wealth Management Inc. now owns 83,683 shares of the company’s stock worth $1,381,000 after acquiring an additional 15,788 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its position in shares of E. W. Scripps by 19.8% in 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 in the last quarter. 77.70% of the stock is owned by institutional investors.
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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