XTX Topco Ltd Sells 76,446 Shares of E.W. Scripps Company (The) (NASDAQ:SSP)

XTX Topco Ltd decreased its holdings in shares of E.W. Scripps Company (The) (NASDAQ:SSP) by 24.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 238,798 shares of the company’s stock after selling 76,446 shares during the period. XTX Topco Ltd owned approximately 0.28% of E.W. Scripps worth $707,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in SSP. American Century Companies Inc. lifted its stake in E.W. Scripps by 11.5% during the fourth quarter. American Century Companies Inc. now owns 120,568 shares of the company’s stock worth $266,000 after purchasing an additional 12,422 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of E.W. Scripps by 428.7% in the 4th 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 during the last quarter. Geode Capital Management LLC lifted its stake in shares of E.W. Scripps by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 1,468,827 shares of the company’s stock valued at $3,247,000 after acquiring an additional 26,683 shares during the last quarter. Pitcairn Co. bought a new stake in shares of E.W. Scripps in the 4th quarter valued at about $41,000. Finally, Wells Fargo & Company MN lifted its stake in shares of E.W. Scripps by 25.4% in the 4th quarter. Wells Fargo & Company MN now owns 36,592 shares of the company’s stock valued at $81,000 after acquiring an additional 7,418 shares during the last quarter. Institutional investors own 67.81% of the company’s stock.

E.W. Scripps Stock Up 2.8%

Shares of NASDAQ:SSP opened at $2.98 on Tuesday. E.W. Scripps Company has a 1 year low of $1.36 and a 1 year high of $4.17. The company has a market cap of $261.38 million, a PE ratio of 3.24 and a beta of 1.01. 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 stock’s 50-day moving average is $2.99 and its 200 day moving average is $2.48.

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

Analyst Upgrades and Downgrades

SSP has been the subject of a number of recent research reports. Wall Street Zen raised E.W. Scripps from a “sell” rating to a “hold” rating in a research note on Saturday. Wells Fargo & Company boosted their price target on E.W. Scripps from $2.80 to $4.00 and gave the company an “equal weight” rating in a report on Tuesday, July 15th.

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.