Kennedy Capital Management Inc. acquired a new stake in shares of E.W. Scripps Company (The) (NYSE:SSP) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 150,000 shares of the company’s stock, valued at approximately $2,672,000. Kennedy Capital Management Inc. owned about 0.18% of E.W. Scripps Company (The) as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Royce & Associates LP raised its holdings in shares of E.W. Scripps Company (The) by 35.4% during the second quarter. Royce & Associates LP now owns 433,710 shares of the company’s stock valued at $7,724,000 after purchasing an additional 113,500 shares during the last quarter. Tealwood Asset Management Inc. raised its holdings in shares of E.W. Scripps Company (The) by 2.2% during the second quarter. Tealwood Asset Management Inc. now owns 162,195 shares of the company’s stock valued at $2,889,000 after purchasing an additional 3,445 shares during the last quarter. MARSHALL WACE ASIA Ltd purchased a new position in shares of E.W. Scripps Company (The) during the first quarter valued at approximately $1,911,000. Alambic Investment Management L.P. purchased a new position in shares of E.W. Scripps Company (The) during the first quarter valued at approximately $639,000. Finally, Municipal Employees Retirement System of Michigan raised its holdings in shares of E.W. Scripps Company (The) by 28.0% during the second quarter. Municipal Employees Retirement System of Michigan now owns 16,480 shares of the company’s stock valued at $293,000 after purchasing an additional 3,600 shares during the last quarter. 74.99% of the stock is owned by hedge funds and other institutional investors.

SSP has been the subject of several recent research reports. Jefferies Group LLC restated a “hold” rating and set a $20.00 target price on shares of E.W. Scripps Company (The) in a research report on Wednesday, August 16th. Zacks Investment Research lowered shares of E.W. Scripps Company (The) from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Noble Financial restated a “buy” rating on shares of E.W. Scripps Company (The) in a research report on Wednesday, August 2nd. BidaskClub upgraded shares of E.W. Scripps Company (The) from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. Finally, Benchmark Co. restated a “buy” rating and set a $26.00 target price on shares of E.W. Scripps Company (The) in a research report on Thursday, July 13th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. E.W. Scripps Company (The) currently has an average rating of “Buy” and a consensus price target of $22.00.

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Shares of E.W. Scripps Company (SSP) opened at 18.13 on Tuesday. The company has a market capitalization of $1.49 billion, a price-to-earnings ratio of 26.47 and a beta of 2.01. E.W. Scripps Company has a 12 month low of $12.16 and a 12 month high of $24.15. The company’s 50-day moving average is $18.14 and its 200 day moving average is $19.58.

E.W. Scripps Company (The) (NYSE:SSP) last posted its quarterly earnings results on Thursday, August 3rd. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. E.W. Scripps Company (The) had a net margin of 6.05% and a return on equity of 5.90%. The company had revenue of $231.82 million during the quarter, compared to analyst estimates of $232.04 million. During the same period last year, the firm posted $0.14 EPS. E.W. Scripps Company (The)’s revenue for the quarter was up 1.8% compared to the same quarter last year. On average, equities research analysts anticipate that E.W. Scripps Company will post $0.14 earnings per share for the current year.

About E.W. Scripps Company (The)

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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