Geode Capital Management LLC Has $7.42 Million Holdings in E. W. Scripps Co (SSP)

Geode Capital Management LLC raised its position in E. W. Scripps Co (NYSE:SSP) by 0.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 474,773 shares of the company’s stock after acquiring an additional 3,487 shares during the quarter. Geode Capital Management LLC’s holdings in E. W. Scripps were worth $7,420,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC increased its position in shares of E. W. Scripps by 26.8% in the third quarter. SG Americas Securities LLC now owns 19,918 shares of the company’s stock valued at $381,000 after acquiring an additional 4,211 shares during the period. Arizona State Retirement System increased its position in shares of E. W. Scripps by 223.0% in the fourth quarter. Arizona State Retirement System now owns 92,900 shares of the company’s stock valued at $1,452,000 after acquiring an additional 64,142 shares during the period. Wells Fargo & Company MN increased its position in shares of E. W. Scripps by 17.4% in the third quarter. Wells Fargo & Company MN now owns 186,405 shares of the company’s stock valued at $3,563,000 after acquiring an additional 27,603 shares during the period. Royce & Associates LP increased its position in shares of E. W. Scripps by 1.6% in the third quarter. Royce & Associates LP now owns 440,710 shares of the company’s stock valued at $8,422,000 after acquiring an additional 7,000 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of E. W. Scripps by 1.0% in the fourth quarter. Bank of New York Mellon Corp now owns 2,329,962 shares of the company’s stock valued at $36,416,000 after acquiring an additional 24,136 shares during the period. Hedge funds and other institutional investors own 76.96% of the company’s stock.

Shares of NYSE SSP opened at $11.27 on Friday. E. W. Scripps Co has a 1 year low of $11.13 and a 1 year high of $23.19. The company has a debt-to-equity ratio of 0.73, a quick ratio of 2.87 and a current ratio of 2.87. The stock has a market cap of $926.00, a P/E ratio of -28.90, a P/E/G ratio of 8.35 and a beta of 2.00.



E. W. Scripps (NYSE:SSP) last announced its quarterly earnings results on Wednesday, February 28th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.09. E. W. Scripps had a negative net margin of 1.44% and a positive return on equity of 1.51%. The company had revenue of $257.00 million for the quarter, compared to analysts’ expectations of $265.68 million. During the same quarter in the previous year, the company earned $0.46 earnings per share. E. W. Scripps’s quarterly revenue was up 1.6% on a year-over-year basis. equities analysts predict that E. W. Scripps Co will post 0.68 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, March 26th. Investors of record on Thursday, March 1st were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.77%. The ex-dividend date of this dividend was Wednesday, February 28th. E. W. Scripps’s dividend payout ratio is currently -51.28%.

SSP has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of E. W. Scripps from a “sell” rating to a “hold” rating in a research report on Wednesday, January 10th. Noble Financial reiterated a “buy” rating on shares of E. W. Scripps in a research report on Friday, April 6th. ValuEngine cut shares of E. W. Scripps from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Guggenheim reiterated a “hold” rating and set a $18.00 price target on shares of E. W. Scripps in a research report on Friday, January 26th. Finally, Benchmark reiterated a “buy” rating and set a $21.00 price target on shares of E. W. Scripps in a research report on Friday, January 26th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. E. W. Scripps currently has an average rating of “Hold” and a consensus price target of $19.25.

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About E. W. Scripps

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 (NYSE:SSP)

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