MassMutual Private Wealth & Trust FSB Acquires Shares of 145,000 The E.W. Scripps Company (NASDAQ:SSP)

MassMutual Private Wealth & Trust FSB bought a new stake in The E.W. Scripps Company (NASDAQ:SSP - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 145,000 shares of the company's stock, valued at approximately $320,000. MassMutual Private Wealth & Trust FSB owned approximately 0.17% of E.W. Scripps at the end of the most recent quarter.

Several other large investors have also modified their holdings of SSP. Diversified Trust Co raised its position in E.W. Scripps by 36.6% in the 4th quarter. Diversified Trust Co now owns 25,644 shares of the company's stock valued at $57,000 after purchasing an additional 6,868 shares during the last quarter. BNP Paribas Financial Markets raised its position in E.W. Scripps by 16.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 52,257 shares of the company's stock valued at $117,000 after purchasing an additional 7,460 shares during the last quarter. Victory Capital Management Inc. raised its position in E.W. Scripps by 5.1% in the 3rd quarter. Victory Capital Management Inc. now owns 204,900 shares of the company's stock valued at $460,000 after purchasing an additional 9,900 shares during the last quarter. Sei Investments Co. purchased a new stake in E.W. Scripps in the 2nd quarter valued at $38,000. Finally, Vanguard Personalized Indexing Management LLC purchased a new position in E.W. Scripps during the 2nd quarter worth $39,000. Institutional investors and hedge funds own 67.81% of the company's stock.

E.W. Scripps Trading Up 6.8 %

Shares of E.W. Scripps stock traded up $0.15 during mid-day trading on Thursday, hitting $2.34. 438,378 shares of the stock were exchanged, compared to its average volume of 466,020. The stock has a market capitalization of $202.08 million, a price-to-earnings ratio of -0.75 and a beta of 1.48. The E.W. Scripps Company has a twelve month low of $1.68 and a twelve month high of $9.35. 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 50-day simple moving average of $2.14 and a 200 day simple moving average of $2.40.

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 the consensus estimate of $0.56 by ($0.19). The company had revenue of $646.30 million for the quarter, compared to analysts' expectations of $634.01 million. E.W. Scripps had a positive return on equity of 9.40% and a negative net margin of 8.55%. During the same quarter in the previous year, the company earned ($0.15) earnings per share. Research analysts forecast that The E.W. Scripps Company will post 1.07 EPS for the current year.

Wall Street Analysts Forecast Growth

SSP has been the subject of a number of analyst reports. StockNews.com upgraded shares of E.W. Scripps from a "sell" rating to a "hold" rating in a research report on Monday, November 11th. Benchmark lowered 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 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.