Institute For Wealth Management Cut Microsoft (MSFT) Stake; The E.W. Scripps Company (SSP) Had 3 Analysts Last Week

May 16, 2018 - By Louis Casey

The E.W. Scripps Company (NYSE:SSP) Logo

Among 6 analysts covering Scripps (NYSE:SSP), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. Scripps had 25 analyst reports since August 10, 2015 according to SRatingsIntel. The company was maintained on Thursday, July 13 by Benchmark. The stock of The E.W. Scripps Company (NYSE:SSP) earned “Buy” rating by Noble Financial on Wednesday, August 2. The firm earned “Hold” rating on Friday, January 26 by Guggenheim. The rating was maintained by Jefferies with “Hold” on Monday, June 5. Benchmark maintained it with “Buy” rating and $24 target in Monday, February 27 report. The stock has “Buy” rating by Noble Financial on Monday, January 22. The stock of The E.W. Scripps Company (NYSE:SSP) has “Buy” rating given on Monday, September 11 by Noble Financial. The stock has “Buy” rating by Noble Financial on Monday, November 6. The firm has “Buy” rating given on Wednesday, October 4 by Noble Financial. The firm earned “Hold” rating on Sunday, October 22 by Jefferies. See The E.W. Scripps Company (NYSE:SSP) latest ratings:

28/02/2018 Broker: Guggenheim Rating: Hold New Target: $15.0 Maintain
26/01/2018 Broker: Guggenheim Rating: Hold New Target: $18.0 Maintain
22/01/2018 Broker: Noble Financial Rating: Buy Maintain

Institute For Wealth Management Llc decreased Microsoft Corp (MSFT) stake by 9.21% reported in 2017Q4 SEC filing. Institute For Wealth Management Llc sold 7,838 shares as Microsoft Corp (MSFT)’s stock rose 4.63%. The Institute For Wealth Management Llc holds 77,282 shares with $6.61M value, down from 85,120 last quarter. Microsoft Corp now has $746.42 billion valuation. The stock increased 0.26% or $0.25 during the last trading session, reaching $97.15. About 14.51 million shares traded. Microsoft Corporation (NASDAQ:MSFT) has risen 37.43% since May 16, 2017 and is uptrending. It has outperformed by 25.88% the S&P500.

The E. W. Scripps Company, together with its subsidiaries, operates as a media enterprise with a portfolio of television, radio, and digital media brands. The company has market cap of $1.07 billion. It operates through Television, Radio, Digital, and Syndication and Other divisions. It currently has negative earnings. The Television segment operates broadcast television stations, which produces news, information, and entertainment content.

More important recent The E.W. Scripps Company (NYSE:SSP) news were published by: Globenewswire.com which released: “New Research: Key Drivers of Growth for EW Scripps, Switch, Realogy, The Charles Schwab, CenterPoint Energy, and …” on May 11, 2018, also Seekingalpha.com published article titled: “The EW Scripps’ (SSP) CEO Adam Symson on Q1 2018 Results – Earnings Call Transcript”, Gurufocus.com published: “The Top 5 Buys of Scott Black” on May 15, 2018. More interesting news about The E.W. Scripps Company (NYSE:SSP) was released by: Streetinsider.com and their article: “Form 8-K EW SCRIPPS Co For: May 10” with publication date: May 11, 2018.

The stock increased 2.59% or $0.33 during the last trading session, reaching $13.05. About 346,446 shares traded. The E.W. Scripps Company (NYSE:SSP) has declined 46.52% since May 16, 2017 and is downtrending. It has underperformed by 58.07% the S&P500.

Investors sentiment increased to 1.13 in Q4 2017. Its up 0.23, from 0.9 in 2017Q3. It is positive, as 16 investors sold The E.W. Scripps Company shares while 39 reduced holdings. 23 funds opened positions while 39 raised stakes. 60.21 million shares or 3.08% less from 62.12 million shares in 2017Q3 were reported. Bridgeway Cap Mgmt Inc reported 393,500 shares stake. Pub Employees Retirement Systems Of Ohio has invested 0.01% in The E.W. Scripps Company (NYSE:SSP). Invesco Limited stated it has 110,927 shares or 0% of all its holdings. Royal Retail Bank Of Canada reported 0% stake. Tiaa Cref Invest Limited Company owns 140,721 shares for 0% of their portfolio. Caprock Gru Incorporated holds 0.25% or 80,129 shares in its portfolio. State Board Of Administration Of Florida Retirement System has 43,683 shares. Pennsylvania-based Alphaone Invest Ser Ltd has invested 0.04% in The E.W. Scripps Company (NYSE:SSP). Commercial Bank Of Mellon invested 0.01% of its portfolio in The E.W. Scripps Company (NYSE:SSP). 37,364 are owned by Texas Permanent School Fund. 5.88 million are held by Dimensional Fund Advisors Lp. Mason Street Advsrs Limited Liability Com owns 14,376 shares or 0.01% of their US portfolio. Ameritas Prns Incorporated stated it has 0% of its portfolio in The E.W. Scripps Company (NYSE:SSP). Vanguard accumulated 0% or 5.22M shares. National Bank & Trust Of America Corporation De owns 120,596 shares.

More notable recent Microsoft Corporation (NASDAQ:MSFT) news were published by: Nasdaq.com which released: “The Fight for AI Dominance Could Make or Break Alphabet Inc Stock” on May 16, 2018, also Nasdaq.com with their article: “Microsoft Corporation Replacing Surface Pro 4s in “Flickergate” Resolution” published on May 14, 2018, Investorplace.com published: “3 Stocks to Watch on Thursday: Booking Holdings Inc (BKNG), Microsoft Corporation (MSFT) and Qualcomm, Inc …” on May 10, 2018. More interesting news about Microsoft Corporation (NASDAQ:MSFT) were released by: Nasdaq.com and their article: “3 Shiny New Crypto and Blockchain ETFs” published on May 15, 2018 as well as Nasdaq.com‘s news article titled: “How to Invest Wisely in Blockchain and AI Stocks Right Now” with publication date: May 16, 2018.

Since February 16, 2018, it had 0 insider buys, and 3 insider sales for $930,912 activity. $325,500 worth of stock was sold by Capossela Christopher C on Tuesday, February 20.

Among 37 analysts covering Microsoft Corporation (NASDAQ:MSFT), 31 have Buy rating, 1 Sell and 5 Hold. Therefore 84% are positive. Microsoft Corporation had 183 analyst reports since July 22, 2015 according to SRatingsIntel. The rating was maintained by BMO Capital Markets on Wednesday, July 20 with “Outperform”. The company was upgraded on Friday, April 27 by J.P. Morgan. The rating was maintained by RBC Capital Markets with “Buy” on Wednesday, December 20. The rating was maintained by Nomura with “Buy” on Friday, February 2. The firm earned “Sell” rating on Tuesday, June 13 by Jefferies. On Wednesday, January 31 the stock rating was maintained by BMO Capital Markets with “Buy”. The company was maintained on Sunday, October 8 by RBC Capital Markets. As per Friday, October 21, the company rating was maintained by BMO Capital Markets. On Friday, July 21 the stock rating was maintained by Piper Jaffray with “Buy”. The stock has “Buy” rating by Nomura on Tuesday, April 19.

Analysts await Microsoft Corporation (NASDAQ:MSFT) to report earnings on July, 19. They expect $1.08 EPS, up 10.20% or $0.10 from last year’s $0.98 per share. MSFT’s profit will be $8.30 billion for 22.49 P/E if the $1.08 EPS becomes a reality. After $0.95 actual EPS reported by Microsoft Corporation for the previous quarter, Wall Street now forecasts 13.68% EPS growth.

Institute For Wealth Management Llc increased Ishares Tr (CMBS) stake by 27,320 shares to 40,664 valued at $2.08 million in 2017Q4. It also upped Waste Mgmt Inc Del (NYSE:WM) stake by 4,693 shares and now owns 14,820 shares. Ishares Tr (TIP) was raised too.

Investors sentiment decreased to 0.77 in Q4 2017. Its down 0.06, from 0.83 in 2017Q3. It dropped, as 39 investors sold MSFT shares while 1012 reduced holdings. 134 funds opened positions while 676 raised stakes. 5.46 billion shares or 0.90% less from 5.51 billion shares in 2017Q3 were reported. Intersect Limited reported 64,386 shares. Gw Henssler And Assoc Ltd invested in 161,099 shares. Nadler Grp invested in 25,982 shares. 1.31M are owned by Atlanta Capital Management Communication L L C. Moreover, Bailard Inc has 2.15% invested in Microsoft Corporation (NASDAQ:MSFT). Caprock Gp has invested 1.8% of its portfolio in Microsoft Corporation (NASDAQ:MSFT). Wunderlich Capital Managemnt owns 22,564 shares. The Ohio-based North Point Portfolio Managers Oh has invested 0.07% in Microsoft Corporation (NASDAQ:MSFT). Cap Invest Counsel Inc invested in 2.04% or 57,842 shares. Empirical Ser Llc reported 55,668 shares. 3.00M are owned by Alleghany Corporation De. Culbertson A N And Inc accumulated 2.96% or 122,821 shares. Stephens Invest Management Gru Limited Liability stated it has 987 shares. Moreover, Benin Mgmt Corporation has 2.53% invested in Microsoft Corporation (NASDAQ:MSFT). Moreover, First Bank Sioux Falls has 3.95% invested in Microsoft Corporation (NASDAQ:MSFT).

The E.W. Scripps Company (NYSE:SSP) Institutional Positions Chart

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