E.W. Scripps Company (The) $SSP Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its stake in shares of E.W. Scripps Company (The) (NASDAQ:SSP) by 155.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,926,461 shares of the company’s stock after purchasing an additional 1,171,102 shares during the quarter. Charles Schwab Investment Management Inc. owned about 2.22% of E.W. Scripps worth $5,702,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Millennium Management LLC boosted its position in shares of E.W. Scripps by 7.7% in the 4th quarter. Millennium Management LLC now owns 1,724,192 shares of the company’s stock worth $3,810,000 after buying an additional 123,663 shares in the last quarter. Minerva Advisors LLC boosted its position in shares of E.W. Scripps by 7.9% in the 1st quarter. Minerva Advisors LLC now owns 1,259,842 shares of the company’s stock worth $3,729,000 after buying an additional 92,000 shares in the last quarter. Two Sigma Investments LP boosted its position in shares of E.W. Scripps by 16.0% in the 4th quarter. Two Sigma Investments LP now owns 712,221 shares of the company’s stock worth $1,574,000 after buying an additional 98,172 shares in the last quarter. GSA Capital Partners LLP boosted its position in shares of E.W. Scripps by 5.4% in the 1st quarter. GSA Capital Partners LLP now owns 667,868 shares of the company’s stock worth $1,977,000 after buying an additional 34,314 shares in the last quarter. Finally, CastleKnight Management LP boosted its position in shares of E.W. Scripps by 752.6% in the 4th quarter. CastleKnight Management LP now owns 558,588 shares of the company’s stock worth $1,234,000 after buying an additional 493,073 shares in the last quarter. 67.81% of the stock is owned by institutional investors and hedge funds.

E.W. Scripps Trading Down 0.6%

NASDAQ SSP opened at $3.09 on Thursday. E.W. Scripps Company has a 12 month low of $1.36 and a 12 month high of $4.17. The company has a 50-day moving average of $3.17 and a 200-day moving average of $2.59. The company has a debt-to-equity ratio of 2.92, a current ratio of 1.27 and a quick ratio of 1.27. The company has a market cap of $272.94 million, a P/E ratio of 6.44 and a beta of 1.01.

E.W. Scripps (NASDAQ:SSP) last posted its earnings results on Thursday, August 7th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.08). The business had revenue of $540.08 million for the quarter, compared to analyst estimates of $544.17 million. E.W. Scripps had a return on equity of 17.68% and a net margin of 4.25%. As a group, equities analysts predict that E.W. Scripps Company will post 1.07 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on SSP. Wells Fargo & Company reduced their target price on shares of E.W. Scripps from $4.00 to $3.00 and set an “equal weight” rating on the stock in a report on Monday, August 11th. Wall Street Zen upgraded shares of E.W. Scripps from a “sell” rating to a “hold” rating in a report on Saturday, August 23rd. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $5.50.

E.W. Scripps Company 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.