Nisa Investment Advisors LLC held its stake in E.W. Scripps Company (The) (NYSE:SSP) during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 11,300 shares of the company’s stock at the end of the second quarter. Nisa Investment Advisors LLC’s holdings in E.W. Scripps Company (The) were worth $201,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. State Street Corp increased its stake in E.W. Scripps Company (The) by 6.0% in the first quarter. State Street Corp now owns 1,324,982 shares of the company’s stock valued at $31,062,000 after buying an additional 74,928 shares in the last quarter. Eagle Asset Management Inc. bought a new stake in E.W. Scripps Company (The) during the first quarter valued at $15,360,000. Ameriprise Financial Inc. increased its stake in E.W. Scripps Company (The) by 3.2% in the first quarter. Ameriprise Financial Inc. now owns 294,819 shares of the company’s stock valued at $6,910,000 after buying an additional 9,222 shares in the last quarter. US Bancorp DE increased its stake in E.W. Scripps Company (The) by 2.3% in the first quarter. US Bancorp DE now owns 146,142 shares of the company’s stock valued at $3,426,000 after buying an additional 3,229 shares in the last quarter. Finally, Marshall Wace North America L.P. bought a new stake in E.W. Scripps Company (The) during the first quarter valued at $1,911,000. 74.85% of the stock is owned by hedge funds and other institutional investors.

E.W. Scripps Company (SSP) traded down 0.16% during mid-day trading on Tuesday, hitting $18.28. 90,114 shares of the stock traded hands. The stock has a market cap of $1.50 billion, a P/E ratio of 26.69 and a beta of 2.01. The stock has a 50-day moving average price of $18.56 and a 200-day moving average price of $20.10. E.W. Scripps Company has a 12 month low of $12.16 and a 12 month high of $24.15.

E.W. Scripps Company (The) (NYSE:SSP) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.06 by $0.02. E.W. Scripps Company (The) had a net margin of 6.05% and a return on equity of 5.90%. The firm had revenue of $231.82 million for the quarter, compared to analyst estimates of $232.04 million. During the same period in the prior year, the business posted $0.14 EPS. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. On average, equities analysts forecast that E.W. Scripps Company will post $0.14 earnings per share for the current year.

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SSP has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of E.W. Scripps Company (The) from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. BidaskClub raised shares of E.W. Scripps Company (The) from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. Noble Financial reaffirmed a “buy” rating on shares of E.W. Scripps Company (The) in a research note on Wednesday, August 2nd. Jefferies Group LLC raised shares of E.W. Scripps Company (The) to a “hold” rating and set a $20.00 price target for the company in a research note on Monday, June 5th. Finally, Benchmark Co. reaffirmed a “buy” rating and set a $26.00 price target on shares of E.W. Scripps Company (The) in a research note on Thursday, July 13th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $22.00.

E.W. Scripps Company (The) 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 Company (The) (NYSE:SSP)

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