The E.W. Scripps Company (NASDAQ:SSP) Shares Purchased by Wittenberg Investment Management Inc.

Wittenberg Investment Management Inc. raised its holdings in The E.W. Scripps Company (NASDAQ:SSP - Free Report) by 8.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,784,139 shares of the company's stock after purchasing an additional 137,900 shares during the period. E.W. Scripps accounts for approximately 1.6% of Wittenberg Investment Management Inc.'s portfolio, making the stock its 12th largest holding. Wittenberg Investment Management Inc. owned approximately 2.07% of E.W. Scripps worth $3,943,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of SSP. Pitcairn Co. purchased a new stake in E.W. Scripps during the 4th quarter worth about $41,000. Geode Capital Management LLC raised its position in shares of E.W. Scripps by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 1,468,827 shares of the company's stock valued at $3,247,000 after buying an additional 26,683 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of E.W. Scripps by 428.7% during the fourth quarter. JPMorgan Chase & Co. now owns 497,862 shares of the company's stock valued at $1,100,000 after buying an additional 403,691 shares during the period. WINTON GROUP Ltd acquired a new stake in E.W. Scripps during the fourth quarter worth approximately $30,000. Finally, Heron Bay Capital Management acquired a new position in E.W. Scripps in the 4th quarter valued at $25,000. 67.81% of the stock is currently owned by institutional investors and hedge funds.

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 report on Thursday, March 13th.

E.W. Scripps Trading Up 0.7 %

SSP stock traded up $0.02 on Wednesday, hitting $2.22. 341,000 shares of the company were exchanged, compared to its average volume of 923,525. 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 stock has a market capitalization of $192.04 million, a price-to-earnings ratio of -0.71 and a beta of 0.92. The E.W. Scripps Company has a twelve month low of $1.36 and a twelve month high of $4.65. The business's fifty day moving average is $2.19 and its two-hundred day moving average is $2.25.

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.