Noble Financial reissued their buy rating on shares of E. W. Scripps (NYSE:SSP) in a research note issued to investors on Wednesday morning, AnalystRatings.com reports. The brokerage currently has a $20.00 target price on the stock.
Other equities analysts have also issued research reports about the company. Guggenheim reissued a neutral rating and issued a $14.00 target price (down previously from $22.00) on shares of E. W. Scripps in a research note on Monday, August 12th. Wells Fargo & Co initiated coverage on E. W. Scripps in a research report on Monday, September 23rd. They set an outperform rating and a $17.00 price target on the stock. Benchmark dropped their price target on E. W. Scripps from $25.00 to $24.00 and set a buy rating on the stock in a research report on Monday, November 11th. Finally, Zacks Investment Research raised E. W. Scripps from a sell rating to a hold rating in a research report on Tuesday, November 5th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has an average rating of Buy and a consensus price target of $17.60.
NYSE:SSP traded up $0.13 during mid-day trading on Wednesday, hitting $14.37. The company had a trading volume of 268,995 shares, compared to its average volume of 402,993. E. W. Scripps has a fifty-two week low of $11.36 and a fifty-two week high of $23.41. The business’s fifty day moving average is $13.53 and its two-hundred day moving average is $14.77.
In other news, major shareholder Corina S. Granado purchased 38,117 shares of the stock in a transaction on Wednesday, August 21st. The stock was bought at an average price of $11.91 per share, for a total transaction of $453,973.47. Following the acquisition, the insider now directly owns 448,569 shares of the company’s stock, valued at approximately $5,342,456.79. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 4.16% of the stock is owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in the business. Campbell & CO Investment Adviser LLC purchased a new position in shares of E. W. Scripps in the 2nd quarter valued at about $472,000. Nisa Investment Advisors LLC raised its holdings in E. W. Scripps by 13.5% in the second quarter. Nisa Investment Advisors LLC now owns 12,600 shares of the company’s stock valued at $193,000 after buying an additional 1,500 shares during the period. Municipal Employees Retirement System of Michigan raised its stake 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 during the period. Capital Fund Management S.A. bought a new stake in shares of E. W. Scripps in the second quarter worth $177,000. Finally, Marshall Wace North America L.P. acquired a new position in E. W. Scripps in the second quarter worth $274,000. Institutional investors own 77.70% of the company’s stock.
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.
Further Reading: What is the Book Value of a Share?
Receive News & Ratings for E. W. Scripps Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for E. W. Scripps and related companies with MarketBeat.com's FREE daily email newsletter.