Hsbc Holdings PLC raised its position in The E.W. Scripps Company (NASDAQ:SSP – Get Rating) by 66.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 28,774 shares of the company’s stock after purchasing an additional 11,534 shares during the period. Hsbc Holdings PLC’s holdings in E.W. Scripps were worth $331,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the company. FMR LLC boosted its stake in shares of E.W. Scripps by 46.8% during the second quarter. FMR LLC now owns 3,109 shares of the company’s stock valued at $39,000 after acquiring an additional 991 shares during the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of E.W. Scripps during the first quarter valued at $39,000. Tower Research Capital LLC TRC boosted its stake in shares of E.W. Scripps by 211.0% during the third quarter. Tower Research Capital LLC TRC now owns 5,630 shares of the company’s stock valued at $64,000 after acquiring an additional 3,820 shares during the last quarter. Watershed Asset Management L.L.C. acquired a new stake in shares of E.W. Scripps during the third quarter valued at $115,000. Finally, Mutual of America Capital Management LLC boosted its stake in shares of E.W. Scripps by 17.8% during the second quarter. Mutual of America Capital Management LLC now owns 9,708 shares of the company’s stock valued at $121,000 after acquiring an additional 1,469 shares during the last quarter. Institutional investors and hedge funds own 66.37% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on the company. Wells Fargo & Company lowered E.W. Scripps from an “overweight” rating to an “equal weight” rating and set a $11.00 price target on the stock. in a research note on Wednesday, November 9th. Benchmark restated a “buy” rating and issued a $17.00 price objective on shares of E.W. Scripps in a report on Monday, February 27th.
E.W. Scripps Stock Performance
E.W. Scripps (NASDAQ:SSP – Get Rating) last announced its earnings results on Friday, February 24th. The company reported $0.84 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.22). The company had revenue of $680.90 million for the quarter, compared to analysts’ expectations of $690.77 million. E.W. Scripps had a net margin of 7.99% and a return on equity of 11.99%. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.45 earnings per share.
E.W. Scripps Company Profile
The E.W. Scripps Co engages in the television and newspaper publishing. It operates through the following business segments: Local Media, National Media, and Other. The Local Media segment comprises local broadcast television stations and their related digital operations. The National Media segment consists of national media businesses including over-the-air broadcast networks, Katz, podcast business, Midroll, next generation national news network, Newsy, and other national brands.
- Get a free copy of the StockNews.com research report on E.W. Scripps (SSP)
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