E.W. Scripps Company (The) $SSP Shares Sold by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC trimmed its position in shares of E.W. Scripps Company (The) (NASDAQ:SSP) by 39.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,579 shares of the company’s stock after selling 8,327 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in E.W. Scripps were worth $37,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its position in shares of E.W. Scripps by 155.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,926,461 shares of the company’s stock worth $5,702,000 after buying an additional 1,171,102 shares during the period. Acadian Asset Management LLC boosted its position in shares of E.W. Scripps by 37.6% during the first quarter. Acadian Asset Management LLC now owns 1,157,372 shares of the company’s stock worth $3,421,000 after buying an additional 316,545 shares during the period. Wittenberg Investment Management Inc. boosted its position in E.W. Scripps by 14.1% during the 1st quarter. Wittenberg Investment Management Inc. now owns 2,036,014 shares of the company’s stock worth $6,027,000 after acquiring an additional 251,875 shares during the period. Aristeia Capital L.L.C. acquired a new position in E.W. Scripps during the 1st quarter worth $700,000. Finally, Penn Capital Management Company LLC boosted its position in E.W. Scripps by 10.0% during the 1st quarter. Penn Capital Management Company LLC now owns 1,423,427 shares of the company’s stock worth $4,218,000 after acquiring an additional 129,884 shares during the period. 67.81% of the stock is owned by institutional investors and hedge funds.

E.W. Scripps Stock Up 2.1%

Shares of NASDAQ:SSP opened at $2.40 on Tuesday. The firm has a 50 day simple moving average of $2.70 and a 200 day simple moving average of $2.71. The company has a market cap of $211.99 million, a PE ratio of 5.00 and a beta of 1.05. E.W. Scripps Company has a 52 week low of $1.36 and a 52 week high of $4.17. The company has a debt-to-equity ratio of 2.92, a quick ratio of 1.27 and a current ratio of 1.27.

E.W. Scripps (NASDAQ:SSP) last released 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 during the quarter, compared to analysts’ expectations of $544.17 million. E.W. Scripps had a net margin of 4.25% and a return on equity of 17.68%. As a group, research analysts expect that E.W. Scripps Company will post 1.07 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Wells Fargo & Company reduced their price objective on shares of E.W. Scripps from $4.00 to $3.00 and set an “equal weight” rating for the company in a report on Monday, August 11th. Weiss Ratings restated a “sell (d)” rating on shares of E.W. Scripps in a research report on Wednesday, October 8th. Finally, Wall Street Zen downgraded E.W. Scripps from a “hold” rating to a “sell” rating in a research report on Sunday, August 31st. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $5.50.

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.