Bailard Inc. Acquires 28,858 Shares of E.W. Scripps Company (The) $SSP

Bailard Inc. increased its holdings in E.W. Scripps Company (The) (NASDAQ:SSP) by 47.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,600 shares of the company’s stock after acquiring an additional 28,858 shares during the quarter. Bailard Inc. owned about 0.10% of E.W. Scripps worth $263,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of SSP. Northwestern Mutual Wealth Management Co. increased its stake in shares of E.W. Scripps by 111.8% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 8,931 shares of the company’s stock valued at $26,000 after purchasing an additional 4,715 shares in the last quarter. Atria Wealth Solutions Inc. purchased a new stake in shares of E.W. Scripps in the 1st quarter worth approximately $44,000. Kathmere Capital Management LLC purchased a new stake in shares of E.W. Scripps in the 2nd quarter worth approximately $44,000. May Hill Capital LLC bought a new position in E.W. Scripps during the 2nd quarter valued at approximately $48,000. Finally, Chicago Partners Investment Group LLC purchased a new position in E.W. Scripps during the first quarter valued at $49,000. 67.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Weiss Ratings reissued a “sell (d)” rating on shares of E.W. Scripps in a research note on Wednesday, October 8th. Wall Street Zen cut shares of E.W. Scripps from a “hold” rating to a “sell” rating in a research note on Sunday, August 31st. Finally, Wells Fargo & Company cut their price objective on shares of E.W. Scripps from $4.00 to $3.00 and set an “equal weight” rating on the stock in a research report on Monday, August 11th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $5.50.

E.W. Scripps Trading Down 2.2%

Shares of NASDAQ:SSP opened at $3.06 on Friday. The company has a market cap of $271.73 million, a P/E ratio of 6.38 and a beta of 0.99. The company has a debt-to-equity ratio of 2.92, a current ratio of 1.27 and a quick ratio of 1.27. E.W. Scripps Company has a 1 year low of $1.36 and a 1 year high of $4.17. The stock’s fifty day moving average price is $2.57 and its 200-day moving average price is $2.75.

E.W. Scripps (NASDAQ:SSP) last released its quarterly earnings data on Friday, November 7th. The company reported ($0.40) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.24). E.W. Scripps had a return on equity of 17.68% and a net margin of 4.25%.The business had revenue of $525.85 million during the quarter, compared to the consensus estimate of $523.58 million. Sell-side analysts expect that E.W. Scripps Company will post 1.07 earnings per share for the current year.

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.