Royal Bank of Canada grew its position in E.W. Scripps Company (The) (NYSE:SSP) by 2.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,157 shares of the company’s stock after acquiring an additional 628 shares during the quarter. Royal Bank of Canada’s holdings in E.W. Scripps Company (The) were worth $467,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in SSP. PNC Financial Services Group Inc. increased its stake in E.W. Scripps Company (The) by 0.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 5,765 shares of the company’s stock worth $102,000 after acquiring an additional 26 shares during the last quarter. State of Alaska Department of Revenue increased its stake in E.W. Scripps Company (The) by 79.4% in the 2nd quarter. State of Alaska Department of Revenue now owns 11,125 shares of the company’s stock worth $198,000 after acquiring an additional 4,925 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in E.W. Scripps Company (The) in the 2nd quarter worth approximately $214,000. SG Americas Securities LLC bought a new stake in E.W. Scripps Company (The) in the 2nd quarter worth approximately $280,000. Finally, Municipal Employees Retirement System of Michigan increased its stake in E.W. Scripps Company (The) by 28.0% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 16,480 shares of the company’s stock worth $293,000 after acquiring an additional 3,600 shares during the last quarter. 75.25% of the stock is currently owned by institutional investors and hedge funds.

E.W. Scripps Company (NYSE:SSP) opened at $14.27 on Tuesday. The firm has a market capitalization of $1,189.17, a P/E ratio of 29.63 and a beta of 2.01. The company has a current ratio of 3.27, a quick ratio of 3.27 and a debt-to-equity ratio of 0.42. E.W. Scripps Company has a 12-month low of $13.91 and a 12-month high of $24.15.

E.W. Scripps Company (The) (NYSE:SSP) last released its earnings results on Friday, November 3rd. The company reported ($0.03) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.02. The firm had revenue of $216.45 million for the quarter, compared to the consensus estimate of $219.04 million. E.W. Scripps Company (The) had a return on equity of 4.37% and a net margin of 1.95%. The company’s revenue for the quarter was down 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 EPS. analysts forecast that E.W. Scripps Company will post -0.1 earnings per share for the current year.

SSP has been the topic of a number of research reports. BidaskClub raised E.W. Scripps Company (The) from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. Noble Financial reissued a “buy” rating on shares of E.W. Scripps Company (The) in a research report on Wednesday, August 2nd. Zacks Investment Research downgraded E.W. Scripps Company (The) from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Jefferies Group LLC reissued 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. Finally, Guggenheim started coverage on E.W. Scripps Company (The) in a research report on Wednesday, October 18th. They set a “neutral” rating and a $19.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $19.75.

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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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