Public Employees Retirement Association of Colorado continued to hold its stake in shares of E.W. Scripps Co. (NYSE:SSP) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 411,822 shares of the company’s stock at the end of the second quarter. Public Employees Retirement Association of Colorado owned about 0.49% of E.W. Scripps worth $6,523,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Monarch Partners Asset Management LLC raised its position in E.W. Scripps by 33.0% in the second quarter. Monarch Partners Asset Management LLC now owns 453,993 shares of the company’s stock worth $7,191,000 after buying an additional 112,600 shares in the last quarter. Northpointe Capital LLC raised its position in E.W. Scripps by 9.1% in the second quarter. Northpointe Capital LLC now owns 335,566 shares of the company’s stock worth $5,315,000 after buying an additional 27,928 shares in the last quarter. Bank of Montreal Can purchased a new position in E.W. Scripps during the second quarter worth $129,000. Kennedy Capital Management Inc. raised its position in E.W. Scripps by 14.8% in the first quarter. Kennedy Capital Management Inc. now owns 1,099,579 shares of the company’s stock worth $17,142,000 after buying an additional 141,979 shares in the last quarter. Finally, Nordea Investment Management AB raised its position in E.W. Scripps by 44.0% in the second quarter. Nordea Investment Management AB now owns 720,312 shares of the company’s stock worth $11,410,000 after buying an additional 220,220 shares in the last quarter. 75.12% of the stock is currently owned by institutional investors.
Shares of E.W. Scripps Co. (NYSE:SSP) traded down 0.28% during trading on Tuesday, reaching $14.11. 840,104 shares of the company traded hands. E.W. Scripps Co. has a 12 month low of $14.10 and a 12 month high of $22.91. The firm’s market capitalization is $1.18 billion. The firm has a 50-day moving average price of $15.95 and a 200-day moving average price of $16.21.
E.W. Scripps (NYSE:SSP) last posted its quarterly earnings data on Friday, August 5th. The company reported $0.14 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.14. E.W. Scripps had a negative net margin of 3.56% and a positive return on equity of 2.72%. The company earned $228 million during the quarter, compared to analyst estimates of $198.13 million. During the same quarter last year, the firm posted ($0.15) EPS. The business’s revenue for the quarter was up 15.0% on a year-over-year basis. Equities research analysts anticipate that E.W. Scripps Co. will post $1.10 EPS for the current year.
SSP has been the subject of a number of analyst reports. Zacks Investment Research lowered shares of E.W. Scripps from a “buy” rating to a “hold” rating in a research report on Friday, July 29th. Wells Fargo & Co. reissued a “hold” rating on shares of E.W. Scripps in a research report on Monday, September 26th. Finally, Jefferies Group reissued a “hold” rating on shares of E.W. Scripps in a research report on Friday, August 5th. Four research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of C$22.05.
E.W. Scripps 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 operates through segments, including television, radio, digital, and syndication and other. It serves audiences and businesses through a portfolio of television, radio and digital media brands.
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