Texas Permanent School Fund Increases Stock Holdings in The E.W. Scripps Company (NASDAQ:SSP)

Texas Permanent School Fund increased its holdings in shares of The E.W. Scripps Company (NASDAQ:SSPGet Rating) by 3.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,777 shares of the company’s stock after buying an additional 1,239 shares during the period. Texas Permanent School Fund owned about 0.05% of E.W. Scripps worth $521,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Y Intercept Hong Kong Ltd purchased a new position in shares of E.W. Scripps during the 2nd quarter valued at approximately $213,000. Keybank National Association OH lifted its position in shares of E.W. Scripps by 11.2% during the 2nd quarter. Keybank National Association OH now owns 33,025 shares of the company’s stock valued at $412,000 after buying an additional 3,320 shares in the last quarter. MQS Management LLC purchased a new position in shares of E.W. Scripps during the 2nd quarter valued at approximately $188,000. US Bancorp DE lifted its holdings in E.W. Scripps by 9.2% in the 2nd quarter. US Bancorp DE now owns 30,306 shares of the company’s stock valued at $378,000 after purchasing an additional 2,548 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in E.W. Scripps by 6.4% in the 2nd quarter. Victory Capital Management Inc. now owns 5,420,571 shares of the company’s stock valued at $67,594,000 after purchasing an additional 326,062 shares in the last quarter. Hedge funds and other institutional investors own 65.81% of the company’s stock.

E.W. Scripps Stock Up 1.6 %

Shares of NASDAQ:SSP opened at $14.19 on Tuesday. The business has a 50-day moving average price of $13.67 and a 200 day moving average price of $13.98. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.81. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of 11.54 and a beta of 1.83. The E.W. Scripps Company has a 12-month low of $9.90 and a 12-month high of $23.61.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on SSP. Guggenheim decreased their price objective on E.W. Scripps to $16.00 in a report on Monday, August 15th. Benchmark cut their target price on E.W. Scripps from $25.00 to $17.00 in a research note on Tuesday, August 2nd. StockNews.com assumed coverage on E.W. Scripps in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Finally, Wells Fargo & Company downgraded E.W. Scripps from an “overweight” rating to an “equal weight” rating and set a $11.00 target price for the company. in a research note on Wednesday, November 9th.

Insider Buying and Selling

In other E.W. Scripps news, major shareholder Jimmy R. Scripps acquired 101,523 shares of the business’s stock in a transaction that occurred on Thursday, November 3rd. The stock was purchased at an average cost of $12.26 per share, with a total value of $1,244,671.98. Following the transaction, the insider now owns 636,187 shares of the company’s stock, valued at $7,799,652.62. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 3.08% of the company’s stock.

About E.W. Scripps

(Get Rating)

The E.W. Scripps Company, together with its subsidiaries, operates as a media enterprise through a portfolio of local and national media brands. The company operates through Local Media, Scripps Network, and Other segments. The 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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Institutional Ownership by Quarter for E.W. Scripps (NASDAQ:SSP)

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