Public Employees Retirement System of Ohio lifted its stake in shares of E.W. Scripps Company (The) (NYSE:SSP) by 11.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 103,184 shares of the company’s stock after acquiring an additional 10,427 shares during the quarter. Public Employees Retirement System of Ohio owned 0.13% of E.W. Scripps Company (The) worth $1,838,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cove Street Capital LLC boosted its position in shares of E.W. Scripps Company (The) by 76.6% in the second quarter. Cove Street Capital LLC now owns 1,367,615 shares of the company’s stock worth $24,357,000 after buying an additional 593,330 shares during the period. Northern Trust Corp boosted its position in E.W. Scripps Company (The) by 27.0% during the second quarter. Northern Trust Corp now owns 2,111,385 shares of the company’s stock valued at $37,604,000 after purchasing an additional 449,165 shares during the last quarter. Gamco Investors INC. ET AL boosted its position in E.W. Scripps Company (The) by 4.9% during the second quarter. Gamco Investors INC. ET AL now owns 8,179,151 shares of the company’s stock valued at $145,671,000 after purchasing an additional 385,574 shares during the last quarter. JPMorgan Chase & Co. boosted its position in E.W. Scripps Company (The) by 5.4% during the second quarter. JPMorgan Chase & Co. now owns 5,813,669 shares of the company’s stock valued at $103,543,000 after purchasing an additional 296,437 shares during the last quarter. Finally, Penn Capital Management Co. Inc. boosted its position in E.W. Scripps Company (The) by 37.4% during the second quarter. Penn Capital Management Co. Inc. now owns 840,627 shares of the company’s stock valued at $15,081,000 after purchasing an additional 228,897 shares during the last quarter. 75.04% of the stock is owned by institutional investors and hedge funds.

E.W. Scripps Company (NYSE SSP) opened at $15.63 on Friday. E.W. Scripps Company has a 1-year low of $12.16 and a 1-year high of $24.15. The company has a current ratio of 3.84, a quick ratio of 3.84 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $1,284.43, a PE ratio of 31.90, a price-to-earnings-growth ratio of 30.65 and a beta of 2.01.

E.W. Scripps Company (The) (NYSE:SSP) last posted its earnings results on Friday, November 3rd. The company reported ($0.03) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.02. E.W. Scripps Company (The) had a return on equity of 5.90% and a net margin of 6.05%. The company had revenue of $216.45 million for the quarter, compared to analyst estimates of $219.04 million. During the same period last year, the company earned $0.15 earnings per share. The business’s revenue was down 7.1% compared to the same quarter last year. equities research analysts anticipate that E.W. Scripps Company will post 0.17 EPS for the current year.

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Several equities analysts have weighed in on SSP shares. Jefferies Group LLC restated a “hold” rating and set a $20.00 target price on shares of E.W. Scripps Company (The) in a report on Wednesday, August 16th. Zacks Investment Research lowered E.W. Scripps Company (The) from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Noble Financial restated a “buy” rating on shares of E.W. Scripps Company (The) in a report on Wednesday, August 2nd. Guggenheim started coverage on E.W. Scripps Company (The) in a report on Wednesday, October 18th. They set a “neutral” rating and a $19.00 target price on the stock. Finally, BidaskClub upgraded E.W. Scripps Company (The) from a “hold” rating to a “buy” rating in a report on Monday, July 31st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $21.25.

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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