E. W. Scripps (NYSE:SSP) major shareholder Charles E. Scripps bought 5,000 shares of E. W. Scripps stock in a transaction that occurred on Monday, November 5th. The shares were acquired at an average cost of $17.44 per share, with a total value of $87,200.00. Following the acquisition, the insider now owns 746,367 shares of the company’s stock, valued at $13,016,640.48. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Charles E. Scripps also recently made the following trade(s):
- On Monday, October 22nd, Charles E. Scripps bought 5,000 shares of E. W. Scripps stock. The shares were acquired at an average cost of $17.82 per share, with a total value of $89,100.00.
Shares of E. W. Scripps stock opened at $17.60 on Wednesday. E. W. Scripps has a 1 year low of $10.69 and a 1 year high of $18.20.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in SSP. California Public Employees Retirement System increased its holdings in E. W. Scripps by 7.8% in the first quarter. California Public Employees Retirement System now owns 112,217 shares of the company’s stock valued at $1,345,000 after buying an additional 8,117 shares in the last quarter. Price Capital Management Inc. purchased a new position in E. W. Scripps in the second quarter valued at $488,000. LMR Partners LLP purchased a new position in E. W. Scripps in the second quarter valued at $412,000. Bank of New York Mellon Corp increased its holdings in E. W. Scripps by 3.3% in the second quarter. Bank of New York Mellon Corp now owns 2,515,144 shares of the company’s stock valued at $33,678,000 after buying an additional 79,568 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in E. W. Scripps by 24.8% in the second quarter. Russell Investments Group Ltd. now owns 403,843 shares of the company’s stock valued at $5,409,000 after buying an additional 80,377 shares in the last quarter. 77.70% of the stock is owned by institutional investors.
SSP has been the subject of several recent research reports. Zacks Investment Research cut shares of E. W. Scripps from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 11th. Noble Financial reissued a “buy” rating and set a $19.00 target price on shares of E. W. Scripps in a report on Wednesday, August 1st. Stephens set a $15.00 target price on shares of E. W. Scripps and gave the stock a “hold” rating in a report on Tuesday, August 7th. Finally, Benchmark reissued a “buy” rating and set a $20.00 target price on shares of E. W. Scripps in a report on Thursday, October 18th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $18.40.
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E. W. Scripps Company Profile
The E.W. Scripps Company, together with its subsidiaries, operates as a media enterprise through a portfolio of local and national media brands. Its 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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