Wealth Enhancement Advisory Services LLC acquired a new stake in shares of E.W. Scripps Company (The) (NASDAQ:SSP – Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 16,735 shares of the company’s stock, valued at approximately $37,000.
Several other institutional investors have also recently modified their holdings of SSP. Jefferies Financial Group Inc. bought a new position in E.W. Scripps during the 4th quarter worth approximately $291,000. Millennium Management LLC grew its position in E.W. Scripps by 7.7% during the 4th quarter. Millennium Management LLC now owns 1,724,192 shares of the company’s stock worth $3,810,000 after acquiring an additional 123,663 shares during the last quarter. Two Sigma Advisers LP grew its position in E.W. Scripps by 35.3% during the 4th quarter. Two Sigma Advisers LP now owns 471,600 shares of the company’s stock worth $1,042,000 after acquiring an additional 123,100 shares during the last quarter. Federated Hermes Inc. grew its position in E.W. Scripps by 31.3% during the 4th quarter. Federated Hermes Inc. now owns 467,596 shares of the company’s stock worth $1,033,000 after acquiring an additional 111,504 shares during the last quarter. Finally, Wittenberg Investment Management Inc. grew its position in E.W. Scripps by 8.4% during the 4th quarter. Wittenberg Investment Management Inc. now owns 1,784,139 shares of the company’s stock worth $3,943,000 after acquiring an additional 137,900 shares during the last quarter. 67.81% of the stock is currently owned by institutional investors.
E.W. Scripps Price Performance
SSP opened at $2.93 on Thursday. E.W. Scripps Company has a 1 year low of $1.36 and a 1 year high of $4.06. The company has a debt-to-equity ratio of 2.84, a current ratio of 1.36 and a quick ratio of 1.36. The stock’s 50 day simple moving average is $2.31 and its 200 day simple moving average is $2.24. The firm has a market cap of $256.99 million, a price-to-earnings ratio of 3.18 and a beta of 1.02.
Wall Street Analyst Weigh In
Separately, Benchmark raised their price target on E.W. Scripps from $7.00 to $8.00 and gave the stock a “buy” rating in a research report on Thursday, March 13th.
Check Out Our Latest Report on E.W. Scripps
About E.W. Scripps
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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