Prudential Financial Inc. lessened its holdings in shares of E.W. Scripps Company (The) (NYSE:SSP) by 1.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 95,497 shares of the company’s stock after selling 940 shares during the period. Prudential Financial Inc. owned approximately 0.12% of E.W. Scripps Company (The) worth $1,701,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Gamco Investors INC. ET AL raised its holdings in shares of E.W. Scripps Company (The) by 4.9% during the second quarter. Gamco Investors INC. ET AL now owns 8,179,151 shares of the company’s stock worth $145,671,000 after purchasing an additional 385,574 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in E.W. Scripps Company (The) by 2.1% in the second quarter. Bank of New York Mellon Corp now owns 2,398,439 shares of the company’s stock valued at $42,716,000 after buying an additional 49,396 shares in the last quarter. State Street Corp increased its holdings in E.W. Scripps Company (The) by 6.0% in the first quarter. State Street Corp now owns 1,324,982 shares of the company’s stock valued at $31,062,000 after buying an additional 74,928 shares in the last quarter. Royce & Associates LP increased its holdings in E.W. Scripps Company (The) by 35.4% in the second quarter. Royce & Associates LP now owns 433,710 shares of the company’s stock valued at $7,724,000 after buying an additional 113,500 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in E.W. Scripps Company (The) by 3.2% in the first quarter. Ameriprise Financial Inc. now owns 294,819 shares of the company’s stock valued at $6,910,000 after buying an additional 9,222 shares in the last quarter. 74.99% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have weighed in on SSP. Jefferies Group LLC reaffirmed a “hold” rating and issued a $20.00 price objective on shares of E.W. Scripps Company (The) in a report on Wednesday, August 16th. Benchmark Co. reaffirmed a “buy” rating and issued a $26.00 price objective on shares of E.W. Scripps Company (The) in a report on Thursday, July 13th. Noble Financial reaffirmed a “buy” rating on shares of E.W. Scripps Company (The) in a report on Wednesday, August 2nd. BidaskClub raised shares of E.W. Scripps Company (The) from a “hold” rating to a “buy” rating in a report on Monday, July 31st. Finally, Zacks Investment Research cut shares of E.W. Scripps Company (The) from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $22.00.

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E.W. Scripps Company (NYSE:SSP) opened at 19.11 on Friday. E.W. Scripps Company has a 12-month low of $12.16 and a 12-month high of $24.15. The firm has a 50-day moving average of $18.10 and a 200-day moving average of $19.54. The stock has a market cap of $1.57 billion, a PE ratio of 27.90 and a beta of 2.01.

E.W. Scripps Company (The) (NYSE:SSP) last released its earnings results on Thursday, August 3rd. The company reported $0.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 analysts’ expectations of $232.04 million. During the same quarter last year, the business earned $0.14 EPS. The business’s revenue was up 1.8% on a year-over-year basis. Equities analysts predict that E.W. Scripps Company will post $0.14 earnings per share for the current fiscal year.

E.W. Scripps Company (The) 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.

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

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