Round Hill Asset Management Has $1.01 Million Holdings in E.W. Scripps Company (The) (SSP)

Round Hill Asset Management lowered its stake in E.W. Scripps Company (The) (NYSE:SSP) by 7.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 56,401 shares of the company’s stock after selling 4,311 shares during the quarter. Round Hill Asset Management owned approximately 0.07% of E.W. Scripps Company (The) worth $1,005,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of SSP. UBS Asset Management Americas Inc. boosted its stake in E.W. Scripps Company (The) by 41.5% in the 1st quarter. UBS Asset Management Americas Inc. now owns 15,335 shares of the company’s stock worth $359,000 after purchasing an additional 4,500 shares during the period. Ameriprise Financial Inc. boosted its stake in E.W. Scripps Company (The) by 3.2% in the 1st quarter. Ameriprise Financial Inc. now owns 294,819 shares of the company’s stock worth $6,910,000 after purchasing an additional 9,222 shares during the period. Parametric Portfolio Associates LLC boosted its stake in E.W. Scripps Company (The) by 60.4% in the 1st quarter. Parametric Portfolio Associates LLC now owns 81,900 shares of the company’s stock worth $1,920,000 after purchasing an additional 30,844 shares during the period. Alambic Investment Management L.P. bought a new position in E.W. Scripps Company (The) in the 1st quarter worth about $639,000. Finally, Thrivent Financial For Lutherans boosted its stake in E.W. Scripps Company (The) by 3.6% in the 1st quarter. Thrivent Financial For Lutherans now owns 31,773 shares of the company’s stock worth $745,000 after purchasing an additional 1,100 shares during the period. Institutional investors and hedge funds own 74.99% of the company’s stock.

Shares of E.W. Scripps Company (NYSE:SSP) traded up 0.1455% on Friday, reaching $17.4854. The company’s stock had a trading volume of 157,956 shares. The company’s 50-day moving average is $18.26 and its 200 day moving average is $19.70. E.W. Scripps Company has a 12-month low of $12.16 and a 12-month high of $24.15. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 25.5261 and a beta of 2.01.

E.W. Scripps Company (The) (NYSE:SSP) last released its quarterly earnings results on Thursday, August 3rd. The company reported $0.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.02. E.W. Scripps Company (The) had a return on equity of 5.90% and a net margin of 6.05%. The business had revenue of $231.82 million during the quarter, compared to analyst estimates of $232.04 million. During the same quarter in the previous year, the company posted $0.14 earnings per share. E.W. Scripps Company (The)’s revenue for the quarter was up 1.8% on a year-over-year basis. Equities analysts anticipate that E.W. Scripps Company will post $0.14 earnings per share for the current fiscal year.

Several research analysts have commented on the company. Jefferies Group LLC restated a “hold” rating and issued a $20.00 target price on shares of E.W. Scripps Company (The) in a research note on Wednesday, August 16th. Benchmark Co. restated a “buy” rating and issued a $26.00 target price on shares of E.W. Scripps Company (The) in a research note on Thursday, July 13th. Noble Financial restated a “buy” rating on shares of E.W. Scripps Company (The) in a research note on Wednesday, August 2nd. BidaskClub upgraded E.W. Scripps Company (The) from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. Finally, Zacks Investment Research downgraded E.W. Scripps Company (The) from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $22.00.

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E.W. Scripps Company (The) 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’s segments include television, radio, digital, and syndication and other. 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.

Institutional Ownership by Quarter for E.W. Scripps Company (The) (NYSE:SSP)

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