The E.W. Scripps Company (NASDAQ:SSP) Shares Bought by GSA Capital Partners LLP

GSA Capital Partners LLP raised its holdings in The E.W. Scripps Company (NASDAQ:SSP) by 1,335.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 612,366 shares of the company’s stock after purchasing an additional 569,720 shares during the period. GSA Capital Partners LLP owned about 0.71% of E.W. Scripps worth $1,375,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Empowered Funds LLC increased its holdings in E.W. Scripps by 8.1% in the 1st quarter. Empowered Funds LLC now owns 243,868 shares of the company’s stock worth $958,000 after acquiring an additional 18,375 shares in the last quarter. Oppenheimer Asset Management Inc. raised its position in shares of E.W. Scripps by 21.8% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 94,392 shares of the company’s stock worth $371,000 after purchasing an additional 16,882 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in E.W. Scripps by 19.6% in the 1st quarter. Russell Investments Group Ltd. now owns 53,382 shares of the company’s stock valued at $210,000 after buying an additional 8,745 shares in the last quarter. Gamco Investors INC. ET AL boosted its holdings in E.W. Scripps by 0.8% in the 1st quarter. Gamco Investors INC. ET AL now owns 3,360,347 shares of the company’s stock worth $13,206,000 after buying an additional 27,192 shares during the last quarter. Finally, Teton Advisors Inc. increased its stake in E.W. Scripps by 0.8% during the 1st quarter. Teton Advisors Inc. now owns 342,600 shares of the company’s stock worth $1,346,000 after buying an additional 2,800 shares in the last quarter. 67.81% of the stock is owned by institutional investors and hedge funds.

E.W. Scripps Stock Down 6.5 %

SSP stock opened at $1.88 on Thursday. The E.W. Scripps Company has a 1 year low of $1.68 and a 1 year high of $9.35. The company has a debt-to-equity ratio of 3.41, a quick ratio of 1.34 and a current ratio of 1.34. The business has a 50 day simple moving average of $2.34 and a 200-day simple moving average of $2.70.

E.W. Scripps (NASDAQ:SSP) last issued its earnings results on Monday, November 4th. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.19). The company had revenue of $646.30 million during the quarter, compared to analyst estimates of $634.01 million. E.W. Scripps had a positive return on equity of 9.40% and a negative net margin of 8.55%. During the same period last year, the business earned ($0.15) earnings per share. Sell-side analysts anticipate that The E.W. Scripps Company will post 1.07 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on SSP shares. Benchmark lowered their price target on E.W. Scripps from $11.00 to $7.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. StockNews.com raised shares of E.W. Scripps from a “sell” rating to a “hold” rating in a research note on Monday.

E.W. Scripps Profile

The E.W. Scripps Company, together with its subsidiaries, operates as a media enterprise through a portfolio of local television stations, national news, and entertainment networks in the United States. It operates through Local Media, Scripps Networks, and Other segments. The Local Media segment operates broadcast television stations, which produce news, information, sports, and entertainment content, as well as its related digital operations; runs network, syndicated, and original programming, and local sporting events; and provides core and political advertising services.