Crossmark Global Holdings Inc. purchased a new position in E.W. Scripps Company (The) (NYSE:SSP) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,639 shares of the company’s stock, valued at approximately $203,000.

Several other institutional investors also recently bought and sold shares of SSP. Louisiana State Employees Retirement System boosted its stake in E.W. Scripps by 0.4% during the 2nd quarter. Louisiana State Employees Retirement System now owns 22,900 shares of the company’s stock valued at $408,000 after purchasing an additional 100 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in E.W. Scripps by 61.2% during the 2nd quarter. Russell Investments Group Ltd. now owns 235,691 shares of the company’s stock valued at $4,198,000 after purchasing an additional 89,503 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in E.W. Scripps by 28.0% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 16,480 shares of the company’s stock valued at $293,000 after purchasing an additional 3,600 shares during the last quarter. Great West Life Assurance Co. Can boosted its stake in E.W. Scripps by 3.8% during the 2nd quarter. Great West Life Assurance Co. Can now owns 80,304 shares of the company’s stock valued at $1,429,000 after purchasing an additional 2,950 shares during the last quarter. Finally, Texas Permanent School Fund boosted its stake in E.W. Scripps by 1.4% during the 2nd quarter. Texas Permanent School Fund now owns 41,136 shares of the company’s stock valued at $733,000 after purchasing an additional 579 shares during the last quarter. Institutional investors own 77.82% of the company’s stock.

Several analysts have commented on the company. ValuEngine downgraded E.W. Scripps from a “hold” rating to a “sell” rating in a research note on Tuesday, November 14th. Benchmark cut their target price on E.W. Scripps from $22.00 to $20.00 and set a “buy” rating on the stock in a research note on Monday, November 6th. Zacks Investment Research downgraded E.W. Scripps from a “hold” rating to a “sell” rating in a research note on Saturday, October 21st. Guggenheim assumed coverage on E.W. Scripps in a research note on Wednesday, October 18th. They set a “neutral” rating and a $19.00 target price on the stock. Finally, Noble Financial reiterated a “buy” rating on shares of E.W. Scripps in a research note on Wednesday, October 4th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. E.W. Scripps has an average rating of “Hold” and an average target price of $19.75.

E.W. Scripps Company (NYSE SSP) traded up $0.40 during mid-day trading on Tuesday, hitting $15.60. The stock had a trading volume of 353,300 shares, compared to its average volume of 504,357. The stock has a market cap of $1,244.86, a P/E ratio of 31.02 and a beta of 1.93. E.W. Scripps Company has a 52-week low of $13.88 and a 52-week high of $24.15. The company has a current ratio of 3.27, a quick ratio of 3.27 and a debt-to-equity ratio of 0.42.

E.W. Scripps (NYSE:SSP) last released its quarterly earnings results on Friday, November 3rd. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.02. The firm had revenue of $216.45 million for the quarter, compared to the consensus estimate of $219.04 million. E.W. Scripps had a return on equity of 4.37% and a net margin of 1.95%. The company’s revenue for the quarter was down 7.1% on a year-over-year basis. During the same period last year, the business posted $0.15 EPS. sell-side analysts expect that E.W. Scripps Company will post -0.1 earnings per share for the current year.

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E.W. Scripps Company Profile

The E. W. Scripps Company is a media enterprise with interests in television and radio broadcasting, as well as local and national digital media brands. The Company’s segments include television, radio, digital, and syndication and other. As of December 31, 2016, the Television segment included approximately 15 American Broadcasting Company (ABC) affiliates, five National Broadcasting Company (NBC) affiliates, two FOX affiliates, two Columbia Broadcasting System (CBS) affiliates and four non big-four affiliated stations.

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Institutional Ownership by Quarter for E.W. Scripps (NYSE:SSP)

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