Teton Advisors Inc. continued to hold its position in shares of E.W. Scripps Company (The) (NYSE:SSP) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 906,048 shares of the company’s stock at the end of the second quarter. E.W. Scripps Company (The) accounts for about 1.6% of Teton Advisors Inc.’s portfolio, making the stock its 5th largest position. Teton Advisors Inc.’s holdings in E.W. Scripps Company (The) were worth $16,137,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the company. State of Alaska Department of Revenue increased its position in E.W. Scripps Company (The) by 79.4% in the second quarter. State of Alaska Department of Revenue now owns 11,125 shares of the company’s stock valued at $198,000 after buying an additional 4,925 shares during the last quarter. UBS Asset Management Americas Inc. increased its position in E.W. Scripps Company (The) by 41.5% in the first quarter. UBS Asset Management Americas Inc. now owns 15,335 shares of the company’s stock valued at $359,000 after buying an additional 4,500 shares during the last quarter. SG Americas Securities LLC bought a new position in E.W. Scripps Company (The) during the second quarter valued at $280,000. Municipal Employees Retirement System of Michigan increased its position in E.W. Scripps Company (The) by 28.0% in the second quarter. Municipal Employees Retirement System of Michigan now owns 16,480 shares of the company’s stock valued at $293,000 after buying an additional 3,600 shares during the last quarter. Finally, Alps Advisors Inc. increased its position in E.W. Scripps Company (The) by 0.3% in the second quarter. Alps Advisors Inc. now owns 20,984 shares of the company’s stock valued at $374,000 after buying an additional 54 shares during the last quarter. 74.85% of the stock is owned by hedge funds and other institutional investors.

Shares of E.W. Scripps Company (NYSE:SSP) traded down 0.44% during midday trading on Wednesday, hitting $18.08. The stock had a trading volume of 25,833 shares. E.W. Scripps Company has a 12-month low of $12.16 and a 12-month high of $24.15. The company’s 50-day moving average price is $18.56 and its 200-day moving average price is $20.09. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of 26.39 and a beta of 2.01.

E.W. Scripps Company (The) (NYSE:SSP) last released its earnings results on Thursday, August 3rd. The company reported $0.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.02. The company had revenue of $231.82 million during the quarter, compared to analyst estimates of $232.04 million. E.W. Scripps Company (The) had a return on equity of 5.90% and a net margin of 6.05%. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.14 earnings per share. Equities research analysts forecast that E.W. Scripps Company will post $0.14 EPS for the current year.

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SSP has been the subject of several recent research reports. Zacks Investment Research downgraded E.W. Scripps Company (The) from a “hold” rating to a “sell” rating in a research report on Saturday, April 29th. Jefferies Group LLC raised E.W. Scripps Company (The) to a “hold” rating and set a $20.00 price target for the company in a research report on Monday, June 5th. BidaskClub raised E.W. Scripps Company (The) from a “sell” rating to a “hold” rating in a research report on Wednesday, June 28th. Benchmark Co. reissued a “buy” rating and set a $26.00 price target on shares of E.W. Scripps Company (The) in a research report on Thursday, July 13th. Finally, Noble Financial reissued a “buy” rating on shares of E.W. Scripps Company (The) in a research report on Wednesday, August 2nd. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. E.W. Scripps Company (The) presently has a consensus rating of “Buy” and an average price target of $22.00.

About E.W. Scripps Company (The)

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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