The E.W. Scripps Company (NASDAQ:SSP – Get Free Report) shares gapped up prior to trading on Tuesday . The stock had previously closed at $6.62, but opened at $7.18. E.W. Scripps shares last traded at $7.42, with a volume of 19,933 shares.
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on SSP. Benchmark restated a “buy” rating and issued a $17.00 target price on shares of E.W. Scripps in a report on Monday, August 7th. Guggenheim upped their price objective on E.W. Scripps from $8.00 to $10.00 and gave the stock a “neutral” rating in a report on Tuesday, August 8th. Finally, StockNews.com assumed coverage on E.W. Scripps in a research report on Thursday, October 5th. They issued a “sell” rating on the stock.
E.W. Scripps Trading Up 11.3 %
Institutional Investors Weigh In On E.W. Scripps
Several hedge funds have recently modified their holdings of SSP. Allspring Global Investments Holdings LLC lifted its holdings in E.W. Scripps by 301.8% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 7,667 shares of the company’s stock worth $70,000 after buying an additional 5,759 shares in the last quarter. Louisiana State Employees Retirement System increased its position in shares of E.W. Scripps by 14.1% during the second quarter. Louisiana State Employees Retirement System now owns 30,800 shares of the company’s stock worth $282,000 after acquiring an additional 3,800 shares during the last quarter. New York State Common Retirement Fund lifted its stake in shares of E.W. Scripps by 4.5% in the first quarter. New York State Common Retirement Fund now owns 782,936 shares of the company’s stock worth $7,367,000 after acquiring an additional 33,909 shares in the last quarter. CM Wealth Advisors LLC acquired a new stake in E.W. Scripps during the 1st quarter valued at approximately $103,000. Finally, PAX Financial Group LLC grew its stake in E.W. Scripps by 15.6% during the 1st quarter. PAX Financial Group LLC now owns 46,723 shares of the company’s stock valued at $440,000 after purchasing an additional 6,318 shares in the last quarter. 66.30% of the stock is currently owned by hedge funds and other institutional investors.
About E.W. Scripps
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.
- Five stocks we like better than E.W. Scripps
- ESG Stocks, What Investors Should Know
- Alibaba’s bottom is in: Analysts see a monster rally ahead
- What Does Downgrade Mean in Investing?
- TripAdvisor is on AI-powered recovery from record lows
- Pros And Cons Of Monthly Dividend Stocks
- High-yield, low-beta value plays for buy-and-hold investors
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.