Gamco Investors INC. ET AL Sells 132,262 Shares of The E.W. Scripps Company (NASDAQ:SSP)

Gamco Investors INC. ET AL decreased its position in shares of The E.W. Scripps Company (NASDAQ:SSP - Free Report) by 4.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,879,305 shares of the company's stock after selling 132,262 shares during the period. Gamco Investors INC. ET AL owned about 3.33% of E.W. Scripps worth $6,363,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Barclays PLC boosted its holdings in E.W. Scripps by 1,643.5% in the third quarter. Barclays PLC now owns 418,588 shares of the company's stock worth $941,000 after acquiring an additional 394,580 shares in the last quarter. Foster & Motley Inc. purchased a new position in E.W. Scripps in the 4th quarter worth approximately $75,000. MassMutual Private Wealth & Trust FSB purchased a new stake in E.W. Scripps during the 4th quarter valued at $320,000. Wittenberg Investment Management Inc. raised its stake in shares of E.W. Scripps by 8.4% in the fourth quarter. Wittenberg Investment Management Inc. now owns 1,784,139 shares of the company's stock worth $3,943,000 after purchasing an additional 137,900 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of E.W. Scripps by 55.1% during the fourth quarter. Bank of New York Mellon Corp now owns 299,016 shares of the company's stock valued at $661,000 after purchasing an additional 106,220 shares in the last quarter. Institutional investors own 67.81% of the company's stock.

E.W. Scripps Price Performance

Shares of SSP traded down $0.14 during trading hours on Monday, reaching $2.03. 304,695 shares of the stock traded hands, compared to its average volume of 922,569. The E.W. Scripps Company has a 52-week low of $1.36 and a 52-week high of $4.65. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 3.41. The company has a market cap of $176.00 million, a P/E ratio of -0.65 and a beta of 0.92. The company's 50-day moving average price is $2.26 and its two-hundred day moving average price is $2.26.

Analyst Upgrades and Downgrades

Separately, Benchmark raised their price objective on E.W. Scripps from $7.00 to $8.00 and gave the stock a "buy" rating in a research note on Thursday, March 13th.

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.