Traders See Bearish Options Activity E. W. Scripps Co

 Traders See Bearish Options Activity E. W. Scripps Co

In today’s session E. W. Scripps Co (SSP) recorded an unusually high (1,079) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious SSP decrease. With 1,079 contracts traded and 11264 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: SSP161216P00015000 closed last at: $0.5 or 37.5% down. About 17,727 shares traded hands. E. W. Scripps Co (NYSE:SSP) has risen 4.53% since April 14, 2016 and is uptrending. It has underperformed by 0.16% the S&P500.

E. W. Scripps Co (NYSE:SSP) Ratings Coverage

Out of 4 analysts covering Scripps (NYSE:SSP), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. $29.0 is the highest target while $19 is the lowest. The $21.40 average target is 32.75% above today’s ($16.12) stock price. Scripps has been the topic of 7 analyst reports since August 10, 2015 according to StockzIntelligence Inc. Stephens initiated E. W. Scripps Co (NYSE:SSP) on Wednesday, November 18 with “Equal-Weight” rating. Benchmark maintained E. W. Scripps Co (NYSE:SSP) on Monday, November 7 with “Buy” rating. The firm has “Buy” rating given on Wednesday, October 7 by Evercore. The firm earned “Buy” rating on Monday, August 10 by Benchmark. The firm earned “Hold” rating on Wednesday, August 12 by Zacks.

According to Zacks Investment Research, “E. W. Scripps Company is a diversified media company operating in three reportable segments: newspapers, broadcast television and category television. The company operates daily newspapers, broadcast TV stations and cable television networks. The company’s cable television network brands include Home & Garden Television, Food Network, Do It Yourself, and Fine Living. The company also operates Scripps Howard News Service, United Media, the worldwide licensing and syndication home of PEANUTS and DILBERT, and Web sites, including hgtv.com, foodtv.com, and diynet.com.”

Insitutional Activity: The institutional sentiment decreased to 1.23 in 2016 Q2. Its down 0.44, from 1.67 in 2016Q1. The ratio is negative, as 18 funds sold all E. W. Scripps Co shares owned while 39 reduced positions. 13 funds bought stakes while 57 increased positions. They now own 60.96 million shares or 0.96% less from 61.54 million shares in 2016Q1.
Voya Invest Mngmt Limited Liability Corp has invested 0% of its portfolio in E. W. Scripps Co (NYSE:SSP). Ameriprise Fincl holds 0% or 258,608 shares in its portfolio. Phocas Financial accumulated 0.43% or 370,707 shares. Alliancebernstein L P accumulated 84,149 shares or 0% of the stock. Deutsche Financial Bank Ag has 0% invested in the company for 306,383 shares. Horizon Kinetics Limited Liability Corp owns 142,106 shares or 0.06% of their US portfolio. Ls Inv Llc accumulated 1,978 shares or 0% of the stock. Laurion Mngmt L P has 16,090 shares for 0% of their US portfolio. First Republic Mgmt, a California-based fund reported 15,103 shares. State Street Corporation owns 1.12M shares or 0% of their US portfolio. Metropolitan Life Ins Com last reported 0.01% of its portfolio in the stock. The North Carolina-based Bank Of America Corporation De has invested 0% in E. W. Scripps Co (NYSE:SSP). Stifel Corporation owns 246,227 shares or 0.02% of their US portfolio. Moreover, Capstone Asset Management has 0.01% invested in E. W. Scripps Co (NYSE:SSP) for 15,739 shares. Gabelli Funds Ltd Llc owns 2.21 million shares or 0.21% of their US portfolio.

The E. W. Scripps Company is a media enterprise with interests in television and radio broadcasting, as well as local and national digital media brands. The company has a market cap of $1.36 billion. The Firm operates through divisions, including television, radio, digital, and syndication and other. It has a 173.84 P/E ratio. It serves audiences and businesses through a portfolio of television, radio and digital media brands.

SSP Company Profile

The E. W. Scripps Company, incorporated on December 1, 1987, is a media enterprise with interests in television and radio broadcasting, as well as local and national digital media brands. The Firm operates through divisions, including television, radio, digital, and syndication and other. The Firm serves audiences and businesses through a portfolio of television, radio and digital media brands. It also has a collection of local and national digital journalism and information businesses. It also produces television programming, investigative reporting newsroom in Washington, D.C. and serves educational program, the Scripps National Spelling Bee.

Another recent and important E. W. Scripps Co (NYSE:SSP) news was published by Streetinsider.com which published an article titled: “E.W. Scripps Co. (SSP) Misses Q3 EPS by 15c” on November 04, 2016.

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