New York State Common Retirement Fund Purchases 1,361,721 Shares of E.W. Scripps Company (The) $SSP

New York State Common Retirement Fund lifted its position in E.W. Scripps Company (The) (NASDAQ:SSP) by 142.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,318,987 shares of the company’s stock after buying an additional 1,361,721 shares during the period. New York State Common Retirement Fund owned approximately 2.63% of E.W. Scripps worth $5,705,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Oxford Asset Management LLP bought a new position in E.W. Scripps in the second quarter valued at about $46,000. May Hill Capital LLC purchased a new stake in shares of E.W. Scripps during the 2nd quarter valued at about $48,000. Chicago Partners Investment Group LLC lifted its stake in shares of E.W. Scripps by 28.9% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 21,121 shares of the company’s stock worth $62,000 after purchasing an additional 4,730 shares during the period. Kathmere Capital Management LLC lifted its stake in shares of E.W. Scripps by 86.0% in the 3rd quarter. Kathmere Capital Management LLC now owns 27,907 shares of the company’s stock worth $69,000 after purchasing an additional 12,904 shares during the period. Finally, Osaic Holdings Inc. boosted its holdings in shares of E.W. Scripps by 98.9% in the second quarter. Osaic Holdings Inc. now owns 25,818 shares of the company’s stock worth $76,000 after buying an additional 12,835 shares during the last quarter. Hedge funds and other institutional investors own 67.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on SSP shares. Wells Fargo & Company upped their target price on shares of E.W. Scripps from $3.00 to $3.90 and gave the company an “equal weight” rating in a report on Thursday, January 22nd. Weiss Ratings restated a “sell (d+)” rating on shares of E.W. Scripps in a research note on Monday, December 22nd. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, E.W. Scripps has an average rating of “Hold” and an average price target of $5.95.

E.W. Scripps Price Performance

Shares of NASDAQ:SSP opened at $3.26 on Friday. The company has a market capitalization of $289.49 million, a P/E ratio of -7.41 and a beta of 0.62. E.W. Scripps Company has a 1-year low of $1.36 and a 1-year high of $4.98. The firm’s 50 day simple moving average is $3.96 and its two-hundred day simple moving average is $3.27. The company has a debt-to-equity ratio of 3.13, a current ratio of 1.61 and a quick ratio of 1.61.

E.W. Scripps (NASDAQ:SSP) last announced its quarterly earnings data on Friday, November 7th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.24). E.W. Scripps had a return on equity of 9.82% and a net margin of 0.99%.The firm had revenue of $525.85 million during the quarter, compared to analysts’ expectations of $523.58 million. Research analysts expect that E.W. Scripps Company will post 1.07 EPS for the current fiscal year.

About E.W. Scripps

The E.W. Scripps Company is a diversified U.S. media organization headquartered in Cincinnati, Ohio. Established in 1878 by Edward Willis Scripps, the company began as a newspaper publisher before expanding into broadcast television, cable networks and digital journalism. Today, Scripps combines a legacy of local news reporting with a growing portfolio of national cable channels and digital platforms.

Scripps operates more than 60 television stations across over 40 markets, delivering local news, weather, sports and entertainment programming to communities in both large and mid-sized U.S.