Davy Asset Management LTD Increased Cadence Design System (CDNS) Position By $375,116, Scripps E W Co (SSP) Sentiment Is 1.08

June 19, 2017 - By Richard Conner

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 market cap of $1.52 billion. The Company’s divisions include television, radio, digital, and syndication and other. It has a 25.13 P/E ratio. As of December 31, 2016, the Television segment included approximately 15 American Broadcasting Company affiliates, five National Broadcasting Company (NBC) affiliates, two FOX affiliates, two Columbia Broadcasting System (CBS) affiliates and four non big-four affiliated stations.

Davy Asset Management Ltd increased Cadence Design System Inc (CDNS) stake by 52.65% reported in 2016Q4 SEC filing. Davy Asset Management Ltd acquired 13,397 shares as Cadence Design System Inc (CDNS)’s stock rose 8.54%. The Davy Asset Management Ltd holds 38,841 shares with $1.13 million value, up from 25,444 last quarter. Cadence Design System Inc now has $9.58 billion valuation. The stock rose 0.18% or $0.06 reaching $34.24 per share. About 1.52 million shares traded. Cadence Design Systems Inc (NASDAQ:CDNS) has risen 37.90% since June 19, 2016 and is uptrending. It has outperformed by 21.20% the S&P500.

Since January 1, 0001, it had 0 buys, and 16 sales for $11.97 million activity.

About 337,570 shares traded. E. W. Scripps Co (SSP) has risen 16.92% since June 19, 2016 and is uptrending. It has outperformed by 0.22% the S&P500.

Minerva Advisors Llc holds 6.77% of its portfolio in E. W. Scripps Co for 617,031 shares. Cove Street Capital Llc owns 1.16 million shares or 2.33% of their US portfolio. Moreover, Adirondack Research & Management Inc. has 2.2% invested in the company for 335,441 shares. The New York-based Teton Advisors Inc. has invested 1.76% in the stock. Tealwood Asset Management Inc, a Minnesota-based fund reported 166,375 shares.

Since December 22, 2016, it had 0 insider buys, and 15 sales for $19.92 million activity. 8,325 shares valued at $244,013 were sold by ZAMAN ANEEL on Monday, February 6. Another trade for 70,000 shares valued at $2.06 million was made by RIBAR GEOFFREY G on Monday, February 6. TAN LIP BU sold $3.15M worth of stock. The insider Cowie James J sold 55,000 shares worth $1.83M. $623,836 worth of Cadence Design Systems Inc (NASDAQ:CDNS) shares were sold by DEVGAN ANIRUDH. 50,000 shares were sold by SHOVEN JOHN B, worth $1.70M on Tuesday, May 23. BECKLEY THOMAS P had sold 34,641 shares worth $1.02 million.

Davy Asset Management Ltd decreased Wells Fargo & Co (NYSE:WFC) stake by 24,850 shares to 33,729 valued at $2.14 million in 2016Q4. It also reduced Johnson & Johnson (NYSE:JNJ) stake by 10,903 shares and now owns 142,060 shares. Gen Elec Co Amer (NYSE:GE) was reduced too.

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