The E.W. Scripps Company (NASDAQ:SSP) Shares Acquired by Barclays PLC

Barclays PLC boosted its stake in shares of The E.W. Scripps Company (NASDAQ:SSP - Free Report) by 1,643.5% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 418,588 shares of the company's stock after purchasing an additional 394,580 shares during the period. Barclays PLC owned approximately 0.48% of E.W. Scripps worth $941,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SSP. Acadian Asset Management LLC increased its holdings in E.W. Scripps by 532,086.1% in the second quarter. Acadian Asset Management LLC now owns 191,587 shares of the company's stock valued at $599,000 after buying an additional 191,551 shares in the last quarter. American Century Companies Inc. grew its position in shares of E.W. Scripps by 17.3% during the 2nd quarter. American Century Companies Inc. now owns 89,180 shares of the company's stock valued at $280,000 after acquiring an additional 13,156 shares during the period. Oppenheimer Asset Management Inc. increased its stake in shares of E.W. Scripps by 133.2% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 220,118 shares of the company's stock valued at $691,000 after purchasing an additional 125,726 shares in the last quarter. Vanguard Personalized Indexing Management LLC acquired a new position in E.W. Scripps in the 2nd quarter worth about $39,000. Finally, Hsbc Holdings PLC boosted its position in E.W. Scripps by 323.0% during the second quarter. Hsbc Holdings PLC now owns 58,752 shares of the company's stock worth $187,000 after purchasing an additional 44,863 shares in the last quarter. 67.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have commented on SSP. StockNews.com raised E.W. Scripps from a "sell" rating to a "hold" rating in a report on Monday, November 11th. Benchmark dropped their price target on shares of E.W. Scripps from $11.00 to $7.00 and set a "buy" rating on the stock in a research note on Tuesday, November 5th.

E.W. Scripps Price Performance

E.W. Scripps stock traded up $0.20 during midday trading on Wednesday, reaching $2.30. The company had a trading volume of 646,789 shares, compared to its average volume of 565,171. The E.W. Scripps Company has a 12-month low of $1.68 and a 12-month high of $9.35. The firm's fifty day simple moving average is $2.13 and its 200-day simple moving average is $2.43. The company has a debt-to-equity ratio of 3.41, a current ratio of 1.34 and a quick ratio of 1.34. The company has a market capitalization of $198.63 million, a P/E ratio of -0.74 and a beta of 1.48.

E.W. Scripps (NASDAQ:SSP - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.37 earnings per share for the quarter, missing analysts' consensus estimates of $0.56 by ($0.19). E.W. Scripps had a negative net margin of 8.55% and a positive return on equity of 9.40%. The firm had revenue of $646.30 million during the quarter, compared to analysts' expectations of $634.01 million. During the same quarter in the previous year, the business posted ($0.15) EPS. As a group, equities analysts anticipate that The E.W. Scripps Company will post 1.07 EPS for the current 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.