E. W. Scripps (NYSE:SSP) major shareholder Mary Peirce purchased 8,795 shares of E. W. Scripps stock in a transaction that occurred on Wednesday, September 19th. The shares were bought at an average cost of $16.33 per share, for a total transaction of $143,622.35. Following the transaction, the insider now directly owns 290,912 shares of the company’s stock, valued at $4,750,592.96. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

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

  • On Wednesday, October 10th, Mary Peirce bought 13,846 shares of E. W. Scripps stock. The stock was acquired at an average cost of $16.80 per share, for a total transaction of $232,612.80.
  • On Wednesday, October 3rd, Mary Peirce purchased 13,050 shares of E. W. Scripps stock. The stock was purchased at an average price of $16.51 per share, with a total value of $215,455.50.
  • On Wednesday, September 26th, Mary Peirce purchased 11,061 shares of E. W. Scripps stock. The stock was purchased at an average price of $16.43 per share, with a total value of $181,732.23.

Shares of SSP stock traded up $0.09 during mid-day trading on Friday, hitting $16.13. The company’s stock had a trading volume of 285,564 shares, compared to its average volume of 425,317. E. W. Scripps has a 52 week low of $10.69 and a 52 week high of $18.23. The company has a current ratio of 2.89, a quick ratio of 2.89 and a debt-to-equity ratio of 0.76. The firm has a market cap of $1.02 billion, a PE ratio of -41.36, a price-to-earnings-growth ratio of 3.19 and a beta of 2.03.

E. W. Scripps (NYSE:SSP) last posted its quarterly earnings data on Friday, August 3rd. The company reported $0.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.02. E. W. Scripps had a positive return on equity of 0.89% and a negative net margin of 3.93%. The firm had revenue of $283.40 million during the quarter, compared to analyst estimates of $275.68 million. During the same period last year, the company posted $0.10 EPS. The business’s quarterly revenue was up 22.3% on a year-over-year basis. On average, analysts forecast 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. Stockholders of record on Friday, September 14th were paid a $0.05 dividend. The ex-dividend date was Thursday, September 13th. This represents a $0.20 annualized dividend and a dividend yield of 1.24%. E. W. Scripps’s dividend payout ratio is presently -51.28%.

Several research analysts recently issued reports on the company. Noble Financial set a $19.00 target price on E. W. Scripps and gave the stock a “buy” rating in a research report on Monday, July 9th. Stephens set a $15.00 target price on E. W. Scripps and gave the stock a “hold” rating in a research report on Tuesday, August 7th. Finally, Zacks Investment Research raised E. W. Scripps from a “hold” rating to a “strong-buy” rating and set a $16.00 target price for the company in a research report on Tuesday, August 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. E. W. Scripps currently has an average rating of “Buy” and an average price target of $18.60.

Several institutional investors and hedge funds have recently modified their holdings of SSP. Cove Street Capital LLC grew its stake in shares of E. W. Scripps by 17.9% in the 1st quarter. Cove Street Capital LLC now owns 3,698,719 shares of the company’s stock valued at $44,347,000 after buying an additional 561,729 shares during the period. Russell Investments Group Ltd. grew its stake in shares of E. W. Scripps by 24.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 403,843 shares of the company’s stock valued at $5,409,000 after buying an additional 80,377 shares during the period. Bank of New York Mellon Corp grew its stake in shares of E. W. Scripps by 3.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,515,144 shares of the company’s stock valued at $33,678,000 after buying an additional 79,568 shares during the period. New York State Common Retirement Fund grew its stake in shares of E. W. Scripps by 14.8% in the 1st quarter. New York State Common Retirement Fund now owns 323,388 shares of the company’s stock valued at $3,877,000 after buying an additional 41,675 shares during the period. Finally, Eagle Asset Management Inc. grew its stake in shares of E. W. Scripps by 12.1% in the 1st quarter. Eagle Asset Management Inc. now owns 350,530 shares of the company’s stock valued at $4,202,000 after buying an additional 37,815 shares during the period. Institutional investors own 77.70% of the company’s stock.

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

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