Tudor Investment Corp ET AL Sells 123,450 Shares of The E.W. Scripps Company (NASDAQ:SSP)

Tudor Investment Corp ET AL lowered its stake in The E.W. Scripps Company (NASDAQ:SSP) by 43.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 157,499 shares of the company’s stock after selling 123,450 shares during the quarter. Tudor Investment Corp ET AL’s holdings in E.W. Scripps were worth $348,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Marshall Wace LLP increased its holdings in E.W. Scripps by 112.5% during the 4th quarter. Marshall Wace LLP now owns 1,055,343 shares of the company’s stock valued at $2,332,000 after purchasing an additional 558,818 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of E.W. Scripps by 428.7% during the fourth quarter. JPMorgan Chase & Co. now owns 497,862 shares of the company’s stock valued at $1,100,000 after acquiring an additional 403,691 shares in the last quarter. Barclays PLC boosted its holdings in E.W. Scripps by 1,643.5% in the third quarter. Barclays PLC now owns 418,588 shares of the company’s stock valued at $941,000 after acquiring an additional 394,580 shares in the last quarter. MassMutual Private Wealth & Trust FSB purchased a new position in E.W. Scripps during the 4th quarter valued at $320,000. Finally, Wittenberg Investment Management Inc. raised its holdings in E.W. Scripps by 8.4% in the 4th quarter. Wittenberg Investment Management Inc. now owns 1,784,139 shares of the company’s stock worth $3,943,000 after purchasing an additional 137,900 shares in the last quarter. Hedge funds and other institutional investors own 67.81% of the company’s stock.

Analysts Set New Price Targets

Separately, Benchmark boosted their price target on shares of E.W. Scripps from $7.00 to $8.00 and gave the company a “buy” rating in a research report on Thursday, March 13th.

E.W. Scripps Trading Down 10.4 %

NASDAQ SSP opened at $2.32 on Friday. The firm has a market capitalization of $201.15 million, a PE ratio of -0.75 and a beta of 1.01. The stock’s 50 day moving average is $2.39 and its 200 day moving average is $2.22. The E.W. Scripps Company has a twelve month low of $1.36 and a twelve month high of $4.65. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 3.41.

E.W. Scripps (NASDAQ:SSP) last announced its earnings results on Thursday, May 8th. The company reported ($0.18) EPS for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.05. The firm had revenue of $524.39 million for the quarter, compared to analysts’ expectations of $520.04 million. E.W. Scripps had a negative net margin of 8.55% and a positive return on equity of 9.40%. Research analysts forecast that The E.W. Scripps Company will post 1.07 earnings per share for the current fiscal year.

E.W. Scripps 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.