Kestra Private Wealth Services LLC boosted its position in shares of The E.W. Scripps Company (NASDAQ:SSP – Free Report) by 12.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 32,034 shares of the company’s stock after buying an additional 3,500 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in E.W. Scripps were worth $256,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of the business. Trexquant Investment LP grew its holdings in E.W. Scripps by 89.6% during the third quarter. Trexquant Investment LP now owns 86,127 shares of the company’s stock valued at $472,000 after purchasing an additional 40,710 shares during the period. Hsbc Holdings PLC acquired a new position in shares of E.W. Scripps in the 3rd quarter valued at $172,000. Assenagon Asset Management S.A. bought a new stake in shares of E.W. Scripps in the 4th quarter valued at $1,032,000. PAX Financial Group LLC raised its stake in E.W. Scripps by 4.4% during the 3rd quarter. PAX Financial Group LLC now owns 54,225 shares of the company’s stock worth $297,000 after buying an additional 2,282 shares during the period. Finally, Jump Financial LLC bought a new position in shares of E.W. Scripps during the 3rd quarter valued at about $87,000. 67.81% of the stock is currently owned by institutional investors and hedge funds.
E.W. Scripps Price Performance
SSP stock opened at $4.20 on Thursday. The stock has a 50-day moving average price of $3.80 and a two-hundred day moving average price of $5.96. The E.W. Scripps Company has a 1 year low of $2.93 and a 1 year high of $11.02. The stock has a market cap of $356.24 million, a PE ratio of -0.35 and a beta of 1.90. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 3.91.
Analyst Ratings Changes
Separately, Wells Fargo & Company lowered their target price on E.W. Scripps from $9.00 to $7.00 and set an “equal weight” rating for the company in a research note on Friday, February 9th.
Check Out Our Latest Analysis on E.W. Scripps
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.
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