Shares of E.W. Scripps Co. (NYSE:SSP) traded down 1.2% on Friday . The company traded as low as $17.46 and last traded at $17.58, with a volume of 230,044 shares changing hands. The stock had previously closed at $17.80.

A number of analysts recently commented on SSP shares. Zacks Investment Research lowered E.W. Scripps from a “buy” rating to a “hold” rating in a research report on Tuesday. Noble Financial reiterated a “buy” rating and issued a $25.00 price objective on shares of E.W. Scripps in a research report on Wednesday, June 8th. Finally, Jefferies Group reiterated a “hold” rating and issued a $18.00 price objective on shares of E.W. Scripps in a research report on Wednesday, May 11th. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. E.W. Scripps presently has an average rating of “Buy” and a consensus target price of C$22.33.

The stock has a 50-day moving average price of $16.86 and a 200 day moving average price of $16.79. The company’s market cap is $1.48 billion.

E.W. Scripps (NYSE:SSP) last issued its earnings results on Friday, May 6th. The company reported $0.06 earnings per share (EPS) for the quarter. The firm earned $209 million during the quarter, compared to analyst estimates of $207 million. E.W. Scripps’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.27 EPS. On average, equities analysts expect that E.W. Scripps Co. will post $1.21 EPS for the current year.

Several large investors recently modified their holdings of SSP. Victory Capital Management Inc. boosted its stake in shares of E.W. Scripps by 12.7% in the fourth quarter. Victory Capital Management Inc. now owns 1,908,625 shares of the company’s stock valued at $36,264,000 after buying an additional 215,625 shares during the last quarter. OppenheimerFunds Inc. boosted its stake in shares of E.W. Scripps by 3.3% in the fourth quarter. OppenheimerFunds Inc. now owns 1,045,396 shares of the company’s stock valued at $19,862,000 after buying an additional 33,471 shares during the last quarter. New York State Common Retirement Fund boosted its stake in shares of E.W. Scripps by 5.9% in the fourth quarter. New York State Common Retirement Fund now owns 471,763 shares of the company’s stock valued at $8,963,000 after buying an additional 26,439 shares during the last quarter. Finally, Rhumbline Advisers boosted its stake in shares of E.W. Scripps by 5.0% in the fourth quarter. Rhumbline Advisers now owns 94,625 shares of the company’s stock valued at $1,798,000 after buying an additional 4,530 shares during the last quarter.

The E.W. Scripps Company serves audiences and businesses through a portfolio of television, radio and digital media brands. The Company is a television (TV) station owners, with approximately 33 television stations in 24 markets and a reach of nearly one in five United States households. It also owns approximately 34 radio stations in eight markets.

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