EW Scripps Company (The) (NYSE:SSP) Experiences Heavier than Usual Trading Volume

Zacks Investment Research cut shares of E.W. Scripps Company (The) from a "buy" rating to a "hold" rating in a report on Tuesday.

Public Employees Retirement System of OH cut its stake in E.W. Scripps Company (The) (NYSE:SSP) by 6.4% during the first quarter, according to its most recent disclosure with the SEC. The company's stock had a trading volume of 138,684 shares. The business's revenue was up 1.8% on a year-over-year basis. The company has a market capitalization of $1.65 billion, a P/E ratio of 28.04 and a beta of 1.99. State of Alaska Department of Revenue now owns 11,125 shares of the company's stock valued at $198,000 after buying an additional 4,925 shares during the period. Municipal Employees Retirement System of MI boosted its stake in shares of E.W. Scripps Company (The) by 28.0% in the second quarter. 355,170 shares of the company traded hands.

The share price of E.W. Scripps Company (The) (NYSE:SSP) was up +0.89% during the last trading session, with a day high of 18.19.

02/27/2017 - E.W. Scripps Company (The) had its "hold" rating reiterated by analysts at Jefferies.

According to Zacks, analysts expect that E.W. Scripps Company (The) will report full-year sales of $232.10 million for the current year, with estimates ranging from $911.77 million to $923.30 million. Alambic Investment Management L.P. acquired a new stake in shares of E.W. Scripps Company (The) during the first quarter valued at approximately $639,000. As of quarter end Eagle Asset Management Inc had bought a total of 19,697 shares growing its holdings by 3.0%.

02/29/2016 - E.W. Scripps Company (The) was downgraded to "market perform" by analysts at Wells Fargo.

The company is now up by 0.95% since yesterday's close of $17.9. The stock presently has a consensus rating of "Hold" and a consensus price target of $22.00.

03/05/2014 - E.W. Scripps Company (The) was downgraded to "sell" by analysts at EVA Dimensions. Accern also assigned news articles about the company an impact score of 15 out of 100, meaning that recent media coverage is very unlikely to have an impact on the stock's share price in the near future. If you are reading this news story on another publication, it was illegally stolen and republished in violation of worldwide copyright & trademark legislation. The legal version of this report can be accessed at https://sportsperspectives.com/2017/08/09/e-w-scripps-company-the-nysessp-shares-sold-by-public-employees-retirement-system-of-ohio-updated-updated.html. Finally, Noble Financial reaffirmed a "buy" rating on shares of E.W. Scripps Company (The) in a research note on Wednesday, August 2nd. Finally, Benchmark Co. restated a "buy" rating and set a $26.00 price target on shares of E.W. Scripps Company (The) in a report on Thursday, July 13th.

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. 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. The Company serves audiences and businesses through a portfolio of television, radio and digital media brands.