Today, a Director at EW Scripps (NASDAQ: SSP), Richard Boehne, bought shares of SSP for $1.66M.
This recent transaction increases Richard Boehne’s holding in the company by 43.62% to a total of $5.49 million. In addition to Richard Boehne, one other SSP executive reported Buy trades in the last month.
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Based on EW Scripps’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $254 million and GAAP net loss of $26.45 million. In comparison, last year the company earned revenue of $232 million and had a net profit of $8.43 million. Currently, EW Scripps has an average volume of 156K.
Starting in March 2018, SSP received 6 Buy ratings in a row. Four different firms, including Evercore ISI and J.P. Morgan, currently also have a Buy rating on the stock.
The insider sentiment on EW Scripps has been positive according to 79 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
Richard Boehne’s trades have generated a 5.9% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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The E.W. Scripps Co. engages in the television and newspaper publishing. It operates through the following business segments: Local Media, National Media, and Others. The Local Media segment is comprised of its local broadcast television stations and their related digital operations.
