E. W. Scripps (NYSE:SSP) SVP Laura Tomlin sold 880 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $22.41, for a total transaction of $19,720.80. Following the sale, the senior vice president now directly owns 6,625 shares in the company, valued at $148,466.25. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Laura Tomlin also recently made the following trade(s):
- On Monday, March 4th, Laura Tomlin sold 520 shares of E. W. Scripps stock. The stock was sold at an average price of $22.68, for a total transaction of $11,793.60.
Shares of NYSE:SSP traded up $0.08 during trading hours on Friday, reaching $22.68. The stock had a trading volume of 6,112 shares, compared to its average volume of 440,178. E. W. Scripps has a 1 year low of $10.69 and a 1 year high of $23.41.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 25th. Shareholders of record on Friday, March 15th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date of this dividend is Thursday, March 14th.
Several large investors have recently made changes to their positions in SSP. 361 Capital LLC acquired a new position in shares of E. W. Scripps in the 4th quarter valued at $2,476,000. Litespeed Management L.L.C. boosted its holdings in shares of E. W. Scripps by 30.6% in the 4th quarter. Litespeed Management L.L.C. now owns 566,341 shares of the company’s stock valued at $8,909,000 after buying an additional 132,812 shares in the last quarter. Norges Bank acquired a new position in shares of E. W. Scripps in the 4th quarter valued at $1,350,000. Bank of New York Mellon Corp boosted its holdings in shares of E. W. Scripps by 3.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,515,144 shares of the company’s stock valued at $33,678,000 after buying an additional 79,568 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of E. W. Scripps by 9.7% in the 4th quarter. Geode Capital Management LLC now owns 564,351 shares of the company’s stock valued at $8,877,000 after buying an additional 49,819 shares in the last quarter. 77.70% of the stock is currently owned by institutional investors.
Several brokerages recently weighed in on SSP. Benchmark reaffirmed a “buy” rating and set a $26.00 target price (up from $22.00) on shares of E. W. Scripps in a research note on Monday, March 4th. Zacks Investment Research downgraded shares of E. W. Scripps from a “buy” rating to a “hold” rating in a research report on Tuesday, February 5th. Wolfe Research began coverage on shares of E. W. Scripps in a research report on Friday, December 7th. They issued a “market perform” rating on the stock. Finally, Gabelli began coverage on shares of E. W. Scripps in a research report on Tuesday, November 27th. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $20.50.
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E. W. Scripps Company Profile
The E.W. Scripps Company, together with its subsidiaries, operates as a media enterprise through a portfolio of local and national media brands. Its Local Media segment operates broadcast television stations, which produce news, information, and entertainment content, as well as its related digital operations.
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