E.W. Scripps Company (The) $SSP Shares Purchased by XTX Topco Ltd

XTX Topco Ltd boosted its stake in shares of E.W. Scripps Company (The) (NASDAQ:SSP) by 47.2% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 351,406 shares of the company’s stock after acquiring an additional 112,608 shares during the period. XTX Topco Ltd owned about 0.40% of E.W. Scripps worth $1,033,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Prudential Financial Inc. increased its stake in shares of E.W. Scripps by 2.4% during the second quarter. Prudential Financial Inc. now owns 182,344 shares of the company’s stock worth $536,000 after purchasing an additional 4,342 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in E.W. Scripps by 111.8% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 8,931 shares of the company’s stock worth $26,000 after buying an additional 4,715 shares in the last quarter. Chicago Partners Investment Group LLC raised its holdings in shares of E.W. Scripps by 28.9% during the second quarter. Chicago Partners Investment Group LLC now owns 21,121 shares of the company’s stock valued at $62,000 after acquiring an additional 4,730 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of E.W. Scripps by 0.7% in the second quarter. Geode Capital Management LLC now owns 1,516,298 shares of the company’s stock valued at $4,459,000 after acquiring an additional 10,957 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of E.W. Scripps by 10.4% in the first quarter. American Century Companies Inc. now owns 133,050 shares of the company’s stock worth $394,000 after acquiring an additional 12,482 shares during the last quarter. 67.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Wall Street Zen downgraded E.W. Scripps from a “hold” rating to a “sell” rating in a research note on Sunday, August 31st. Wells Fargo & Company dropped their target price on shares of E.W. Scripps from $4.00 to $3.00 and set an “equal weight” rating for the company in a report on Monday, August 11th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of E.W. Scripps in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, E.W. Scripps has an average rating of “Hold” and a consensus target price of $5.50.

E.W. Scripps Price Performance

E.W. Scripps stock opened at $4.25 on Monday. The company’s 50 day simple moving average is $2.85 and its 200-day simple moving average is $2.89. The company has a debt-to-equity ratio of 2.92, a quick ratio of 1.27 and a current ratio of 1.27. E.W. Scripps Company has a 1 year low of $1.36 and a 1 year high of $4.91. The company has a market capitalization of $376.96 million, a price-to-earnings ratio of 8.84 and a beta of 0.99.

E.W. Scripps (NASDAQ:SSP) last announced its earnings results 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 net margin of 4.25% and a return on equity of 17.68%. The firm had revenue of $525.85 million during the quarter, compared to analysts’ expectations of $523.58 million. As a group, equities research 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.