E. W. Scripps (NYSE:SSP) SVP Sells $57,550.32 in Stock

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E. W. Scripps (NYSE:SSP) SVP Laura Tomlin sold 3,579 shares of the business’s stock in a transaction dated Monday, October 15th. The stock was sold at an average price of $16.08, for a total transaction of $57,550.32. Following the sale, the senior vice president now directly owns 3,858 shares in the company, valued at $62,036.64. The sale was disclosed in a legal filing with the SEC, which is available through this link.

SSP traded down $0.89 on Friday, reaching $16.85. The company had a trading volume of 1,467,184 shares, compared to its average volume of 438,715. E. W. Scripps has a fifty-two week low of $10.69 and a fifty-two week high of $18.44.

E. W. Scripps (NYSE:SSP) last announced its quarterly earnings results on Friday, November 9th. The company reported $0.24 EPS for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.04. The company had revenue of $302.70 million during the quarter, compared to analyst estimates of $292.22 million. During the same quarter last year, the company posted ($0.03) EPS. The firm’s quarterly revenue was up 51.0% on a year-over-year basis.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 26th. Investors of record on Friday, December 14th will be paid a $0.05 dividend. The ex-dividend date is Thursday, December 13th. This represents a $0.20 dividend on an annualized basis and a yield of 1.19%.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp grew its stake in E. W. Scripps by 3.3% in the 2nd 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 during the last quarter. Litespeed Management L.L.C. grew its stake in E. W. Scripps by 3.6% in the 2nd quarter. Litespeed Management L.L.C. now owns 433,529 shares of the company’s stock valued at $5,805,000 after buying an additional 15,000 shares during the last quarter. Cove Street Capital LLC grew its stake in E. W. Scripps by 8.8% in the 2nd quarter. Cove Street Capital LLC now owns 4,025,431 shares of the company’s stock valued at $53,901,000 after buying an additional 326,712 shares during the last quarter. Public Employees Retirement System of Ohio grew its stake in E. W. Scripps by 19.8% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 106,166 shares of the company’s stock valued at $1,422,000 after buying an additional 17,580 shares during the last quarter. Finally, California Public Employees Retirement System grew its stake in E. W. Scripps by 5.8% in the 2nd quarter. California Public Employees Retirement System now owns 118,693 shares of the company’s stock valued at $1,589,000 after buying an additional 6,476 shares during the last quarter. Institutional investors and hedge funds own 77.70% of the company’s stock.

SSP has been the topic of several recent analyst reports. Noble Financial restated a “buy” rating on shares of E. W. Scripps in a research note on Friday, October 19th. Zacks Investment Research upgraded shares of E. W. Scripps from a “hold” rating to a “strong-buy” rating and set a $16.00 price objective on the stock in a research note on Tuesday, August 7th. Finally, Benchmark restated a “buy” rating and set a $20.00 price objective on shares of E. W. Scripps in a research note on Thursday, October 18th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price 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.

Read More: Balance Sheet

Insider Buying and Selling by Quarter for E. W. Scripps (NYSE:SSP)

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