Federated Hermes Inc. increased its holdings in The E.W. Scripps Company (NASDAQ:SSP - Free Report) by 31.3% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 467,596 shares of the company's stock after buying an additional 111,504 shares during the period. Federated Hermes Inc. owned 0.54% of E.W. Scripps worth $1,033,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Heron Bay Capital Management purchased a new stake in E.W. Scripps during the 4th quarter valued at about $25,000. WINTON GROUP Ltd purchased a new stake in E.W. Scripps in the 4th quarter worth about $30,000. Virtu Financial LLC purchased a new stake in E.W. Scripps in the fourth quarter worth $35,000. Pitcairn Co. purchased a new position in E.W. Scripps during the 4th quarter worth $41,000. Finally, Ieq Capital LLC bought a new position in E.W. Scripps during the 4th quarter worth about $45,000. Hedge funds and other institutional investors own 67.81% of the company's stock.
E.W. Scripps Stock Up 2.4 %
Shares of SSP stock traded up $0.05 during trading on Friday, reaching $2.17. The company's stock had a trading volume of 545,113 shares, compared to its average volume of 924,221. The E.W. Scripps Company has a 1-year low of $1.36 and a 1-year high of $4.65. The stock's 50-day moving average price is $2.26 and its 200 day moving average price is $2.26. 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 $188.14 million, a price-to-earnings ratio of -0.70 and a beta of 0.92.
Analyst Ratings Changes
Separately, Benchmark upped their target price on E.W. Scripps from $7.00 to $8.00 and gave the company a "buy" rating in a research report on Thursday, March 13th.
Get Our Latest Stock Report on SSP
E.W. Scripps Profile
(
Free Report)
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.
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