Insider Buying: E. W. Scripps (SSP) Major Shareholder Purchases 29,264 Shares of Stock

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.

E. W. Scripps (NYSE:SSP) last released its quarterly earnings data on Friday, August 3rd. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.02. The business had revenue of $283.40 million during the quarter, compared to analyst estimates of $275.68 million. During the same period in the previous year, the company earned $0.10 EPS. E. W. Scripps’s revenue was up 22.3% on a year-over-year basis.

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.

Recommended Story: How is a Moving Average Calculated?

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

Leave a Reply