Great West Life Assurance Co. Can Has $683,000 Stock Holdings in The E.W. Scripps Company (NASDAQ:SSP)


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Great West Life Assurance Co. Can trimmed its holdings in shares of The E.W. Scripps Company (NASDAQ:SSP) by 13.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 59,670 shares of the company’s stock after selling 9,373 shares during the period. Great West Life Assurance Co. Can owned about 0.07% of The E.W. Scripps worth $683,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of SSP. Anqa Management LLC acquired a new position in shares of The E.W. Scripps during the 3rd quarter worth about $5,525,000. AXA S.A. acquired a new stake in The E.W. Scripps in the 3rd quarter valued at about $1,816,000. BlackRock Inc. lifted its stake in The E.W. Scripps by 1.3% in the 3rd quarter. BlackRock Inc. now owns 8,508,929 shares of the company’s stock valued at $97,342,000 after purchasing an additional 106,334 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in The E.W. Scripps by 8.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 507,585 shares of the company’s stock valued at $5,807,000 after purchasing an additional 38,578 shares during the last quarter. Finally, Squarepoint Ops LLC lifted its stake in The E.W. Scripps by 77.5% in the 3rd quarter. Squarepoint Ops LLC now owns 86,517 shares of the company’s stock valued at $990,000 after purchasing an additional 37,786 shares during the last quarter. Institutional investors own 73.32% of the company’s stock.

Several equities research analysts recently issued reports on SSP shares. BidaskClub upgraded shares of The E.W. Scripps from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, January 5th. Zacks Investment Research downgraded shares of The E.W. Scripps from a “buy” rating to a “hold” rating in a research report on Tuesday, January 5th. Benchmark raised their price objective on shares of The E.W. Scripps from $17.00 to $19.00 and gave the stock a “buy” rating in a research report on Friday, September 25th. Finally, Guggenheim started coverage on shares of The E.W. Scripps in a research report on Thursday, October 22nd. They set a “buy” rating for the company. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $13.25.

Shares of SSP opened at $14.90 on Thursday. The E.W. Scripps Company has a 12 month low of $5.36 and a 12 month high of $16.93. The firm’s 50 day moving average is $14.88 and its 200-day moving average is $12.61. The stock has a market capitalization of $1.22 billion, a PE ratio of -26.61 and a beta of 1.76. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 2.26.

The E.W. Scripps (NASDAQ:SSP) last announced its earnings results on Friday, November 6th. The company reported $0.76 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.16. The E.W. Scripps had a negative net margin of 2.84% and a negative return on equity of 2.43%. The company had revenue of $493.26 million for the quarter, compared to analysts’ expectations of $458.90 million. Equities research analysts predict that The E.W. Scripps Company will post 0.75 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 24th. Stockholders of record on Tuesday, December 15th were issued a dividend of $0.05 per share. The ex-dividend date was Monday, December 14th. This represents a $0.20 annualized dividend and a dividend yield of 1.34%. The E.W. Scripps’s dividend payout ratio is presently 400.00%.

In related news, VP Mark L. Koors sold 11,452 shares of The E.W. Scripps stock in a transaction that occurred on Tuesday, December 1st. The shares were sold at an average price of $13.00, for a total value of $148,876.00. Following the transaction, the vice president now directly owns 38,820 shares of the company’s stock, valued at $504,660. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP William Appleton sold 20,000 shares of The E.W. Scripps stock in a transaction that occurred on Wednesday, November 11th. The shares were sold at an average price of $12.04, for a total transaction of $240,800.00. Following the completion of the transaction, the executive vice president now directly owns 132,718 shares in the company, valued at $1,597,924.72. The disclosure for this sale can be found here. Insiders have sold 61,452 shares of company stock worth $785,476 over the last ninety days. Insiders own 2.75% of the company’s stock.

About The 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. The company operates through Local Media, National Media, and Other segments. The 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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Institutional Ownership by Quarter for The E.W. Scripps (NASDAQ:SSP)

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