State Street Corp Raises Stake in EW Scripps Company (The) (NYSE:SSP)

AM ET E.W. Scripps Revenue Slightly Up to $193M in Q2 A drop in core advertising mitigated gains in retransmission revenue
AM ET E.W. Scripps Revenue Slightly Up to $193M in Q2 A drop in core advertising mitigated gains in retransmission revenue
Author

04 August, 2017

Ratings analysis reveals 60% of Scripps's analysts are positive. Analyst's mean target price for PCTI is $9.00 while analysts mean recommendation is 2.00. The company has an average rating of "Buy" and an average price target of $22.00. Scripps had 12 analyst reports since August 10, 2015 according to SRatingsIntel. The company was upgraded on Wednesday, October 7 by Evercore. About shares traded. E. W. Scripps Co (NYSE:SSP) has risen 16.92% since August 3, 2016 and is uptrending. The stock has "Hold" rating by Zacks on Wednesday, August 12. 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. Noble Financial restated a "buy" rating on shares of E.W. Scripps Company (The) in a report on Wednesday. Benchmark maintained the stock with "Buy" rating in Monday, March 27 report. Benchmark maintained the shares of SSP in report on Monday, February 27 with "Buy" rating.

These are 2 Hold Ratings, 2 Buy Ratings. The firm has "Buy" rating given on Monday, November 7 by Benchmark. Stephens initiated E. W. Scripps Co (NYSE:SSP) rating on Wednesday, November 18. For the last period, the company reported quarter over quarter EPS growth of -140.70% and quarter over quarter sales growth of 0.70%. During the same period in the previous year, the firm posted $0.06 earnings per share. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of ($0.06) by $0.04. State of Alaska Department of Revenue increased its stake in E.W. Scripps Company (The) by 79.4% in the second quarter. The company has a market cap of $1.45 billion, a PE ratio of 24.57 and a beta of 2.01. The Company's divisions include television, radio, digital, and syndication and other. It has a 71.98 P/E ratio. 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. Zurcher Kantonalbank (Zurich Cantonalbank) invested in 1,736 shares or 0% of the stock. (NASDAQ:PCTI) to report $ -0.00 EPS and has got OUTPERFORM rating from 2 of Thomson Reuters analysts and 0 analyst (s) given UNDERPERFORM rating.

Scripps E W Co (NYSE:SSP) institutional sentiment decreased to 1.08 in 2016 Q4. Its down 0.72, from 1.8 in 2016Q3. State of Alaska Department of Revenue now owns 11,125 shares of the company's stock worth $198,000 after buying an additional 4,925 shares during the last quarter. Jefferies Group also issued estimates for E.W. Scripps Company (The)'s Q3 2018 earnings at $0.28 EPS. Susquehanna Int Llp owns 0% invested in E. W. Scripps Co (NYSE:SSP) for 117,722 shares. Alambic Investment Management L.P. purchased a new position in E.W. Scripps Company (The) during the first quarter worth about $639,000. Metropolitan Life Insur has 43,361 shares for 0.01% of their portfolio.

520,345 are held by Kennedy Cap. Jpmorgan Chase & holds 0.02% or 5.34M shares. That puts the market capitalization at $14.2 bln.

03/05/2014 - E.W. Scripps Company (The) was downgraded to " by analysts at EVA Dimensions.

Want to see what other hedge funds are holding SSP? MARSHALL WACE ASIA Ltd purchased a new position in E.W. Scripps Company (The) during the first quarter worth about $1,911,000. The company was maintained on Monday, February 27 by Benchmark. $2.28 million worth of stock was sold by BOEHNE RICHARD A on Thursday, March 2. $913,360 worth of E. W. Scripps Co (NYSE:SSP) shares were sold by Williams Kim. 4,188 E. W. Scripps Co (NYSE:SSP) shares with value of $96,324 were sold by Symson Adam. Tudor Investment Corp ET AL boosted its position in shares of E.W. Scripps Company (The) by 95.5% in the first quarter.

Now insiders hold 2,175,932 shares in the business which makes up 2.64% of shares. Moreover, Soros Fund Management Llc has 0.49% invested in the company for 1.38 million shares. The New York-based Teton Advisors Inc. has invested 1.76% in the stock.

About 4,777 shares traded. It has underperformed by 17.93% the S&P500.


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