E. W. Scripps Co (NYSE:SSP) was the recipient of unusually large options trading activity on Tuesday. Stock investors acquired 1,520 put options on the company. This represents an increase of 1,927% compared to the average daily volume of 75 put options.

Shares of E. W. Scripps (NYSE:SSP) opened at $14.60 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.27 and a quick ratio of 3.27. The company has a market cap of $1,232.58, a P/E ratio of 66.36, a P/E/G ratio of 10.87 and a beta of 1.93. E. W. Scripps has a 12-month low of $13.88 and a 12-month high of $24.15.

Several large investors have recently modified their holdings of SSP. Schwab Charles Investment Management Inc. lifted its position in shares of E. W. Scripps by 1.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 256,918 shares of the company’s stock valued at $4,576,000 after acquiring an additional 4,392 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of E. W. Scripps by 0.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 296,122 shares of the company’s stock valued at $5,274,000 after acquiring an additional 1,303 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of E. W. Scripps by 0.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 5,765 shares of the company’s stock valued at $102,000 after acquiring an additional 26 shares in the last quarter. Thrivent Financial For Lutherans lifted its position in shares of E. W. Scripps by 7.4% in the 2nd quarter. Thrivent Financial For Lutherans now owns 34,133 shares of the company’s stock valued at $608,000 after acquiring an additional 2,360 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its position in shares of E. W. Scripps by 6.9% in the 2nd quarter. New York State Common Retirement Fund now owns 323,522 shares of the company’s stock valued at $5,762,000 after acquiring an additional 20,784 shares in the last quarter. Institutional investors and hedge funds own 77.90% of the company’s stock.

A number of analysts recently weighed in on SSP shares. Benchmark reduced their target price on shares of E. W. Scripps from $22.00 to $20.00 and set a “buy” rating for the company in a report on Monday, November 6th. Noble Financial restated a “buy” rating on shares of E. W. Scripps in a report on Monday, January 22nd. Zacks Investment Research upgraded shares of E. W. Scripps from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a report on Saturday, January 20th. Guggenheim restated a “hold” rating and set a $18.00 target price on shares of E. W. Scripps in a report on Friday, January 26th. Finally, ValuEngine cut shares of E. W. Scripps from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. E. W. Scripps presently has a consensus rating of “Hold” and a consensus target price of $19.25.

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About E. W. Scripps

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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