E. W. Scripps (NYSE:SSP) CFO Sells $356,750.00 in Stock

E. W. Scripps (NYSE:SSP) CFO Lisa A. Knutson sold 25,000 shares of the business’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $14.27, for a total value of $356,750.00. Following the completion of the sale, the chief financial officer now directly owns 14,794 shares in the company, valued at $211,110.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

E. W. Scripps stock traded down $0.17 during mid-day trading on Wednesday, hitting $14.45. The company had a trading volume of 575 shares, compared to its average volume of 401,094. The stock’s 50 day moving average price is $13.63 and its two-hundred day moving average price is $14.61. E. W. Scripps has a 12 month low of $11.36 and a 12 month high of $23.41.

Several research firms have commented on SSP. Benchmark dropped their target price on E. W. Scripps from $25.00 to $24.00 and set a “buy” rating on the stock in a report on Monday, November 11th. Guggenheim reissued a “neutral” rating and issued a $14.00 target price (down from $22.00) on shares of E. W. Scripps in a report on Monday, August 12th. Noble Financial reissued a “buy” rating and issued a $20.00 target price on shares of E. W. Scripps in a report on Wednesday, November 13th. Zacks Investment Research raised E. W. Scripps from a “sell” rating to a “hold” rating in a report on Tuesday, November 5th. Finally, Wells Fargo & Co began coverage on E. W. Scripps in a report on Monday, September 23rd. They issued an “outperform” rating and a $17.00 target price on the stock. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $17.60.

Institutional investors have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC lifted its holdings in shares of E. W. Scripps by 7.1% during the third quarter. Nisa Investment Advisors LLC now owns 13,500 shares of the company’s stock valued at $179,000 after purchasing an additional 900 shares in the last quarter. UBS Asset Management Americas Inc. lifted its holdings in shares of E. W. Scripps by 3.7% during the second quarter. UBS Asset Management Americas Inc. now owns 36,308 shares of the company’s stock valued at $555,000 after purchasing an additional 1,296 shares in the last quarter. Lenox Wealth Management Inc. lifted its holdings in shares of E. W. Scripps by 7.6% during the third quarter. Lenox Wealth Management Inc. now owns 56,924 shares of the company’s stock valued at $755,000 after purchasing an additional 4,000 shares in the last quarter. Municipal Employees Retirement System of Michigan lifted its holdings in shares of E. W. Scripps by 25.4% during the second quarter. Municipal Employees Retirement System of Michigan now owns 20,830 shares of the company’s stock valued at $319,000 after purchasing an additional 4,220 shares in the last quarter. Finally, Delphi Management Inc. MA lifted its holdings in shares of E. W. Scripps by 17.3% during the third quarter. Delphi Management Inc. MA now owns 71,027 shares of the company’s stock valued at $943,000 after purchasing an additional 10,478 shares in the last quarter. 77.70% of the stock is currently owned by institutional investors and hedge funds.

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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