E.W. Scripps Company (The) (NASDAQ:SSP) Shares Purchased by GSA Capital Partners LLP

GSA Capital Partners LLP increased its holdings in shares of E.W. Scripps Company (The) (NASDAQ:SSP) by 5.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 667,868 shares of the company’s stock after acquiring an additional 34,314 shares during the period. GSA Capital Partners LLP owned approximately 0.77% of E.W. Scripps worth $1,977,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of SSP. Bailard Inc. acquired a new stake in E.W. Scripps in the 1st quarter worth about $180,000. PAX Financial Group LLC boosted its holdings in E.W. Scripps by 4.0% in the 1st quarter. PAX Financial Group LLC now owns 274,323 shares of the company’s stock worth $812,000 after buying an additional 10,542 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in E.W. Scripps in the 4th quarter worth about $37,000. Jefferies Financial Group Inc. acquired a new stake in E.W. Scripps in the 4th quarter worth about $291,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in E.W. Scripps in the 4th quarter worth about $29,000. 67.81% of the stock is currently owned by institutional investors and hedge funds.

E.W. Scripps Trading Up 1.2%

SSP opened at $3.37 on Tuesday. The company has a debt-to-equity ratio of 2.84, a current ratio of 1.36 and a quick ratio of 1.36. The company’s 50 day simple moving average is $2.91 and its two-hundred day simple moving average is $2.46. E.W. Scripps Company has a 1-year low of $1.36 and a 1-year high of $4.17. The firm has a market capitalization of $295.58 million, a price-to-earnings ratio of 3.66 and a beta of 1.10.

E.W. Scripps (NASDAQ:SSP) last released its earnings results on Thursday, May 8th. The company reported ($0.18) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.05. E.W. Scripps had a net margin of 5.71% and a return on equity of 17.81%. The business had revenue of $524.39 million for the quarter, compared to analyst estimates of $520.04 million. Analysts expect that E.W. Scripps Company will post 1.07 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on SSP. Wells Fargo & Company lifted their price objective on E.W. Scripps from $2.80 to $4.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 15th. Wall Street Zen cut E.W. Scripps from a “hold” rating to a “sell” rating in a report on Friday, July 18th.

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.