Cove Street Capital LLC Has $2.80 Million Stock Position in The E.W. Scripps Company (NASDAQ:SSP)

Cove Street Capital LLC decreased its position in The E.W. Scripps Company (NASDAQ:SSP - Free Report) by 53.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,264,424 shares of the company's stock after selling 1,448,936 shares during the quarter. E.W. Scripps accounts for approximately 3.3% of Cove Street Capital LLC's holdings, making the stock its 9th largest position. Cove Street Capital LLC owned 1.46% of E.W. Scripps worth $2,803,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the company. Victory Capital Management Inc. grew its position in shares of E.W. Scripps by 5.1% during the 3rd quarter. Victory Capital Management Inc. now owns 204,900 shares of the company's stock valued at $460,000 after buying an additional 9,900 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in E.W. Scripps by 18.0% in the third quarter. Thrivent Financial for Lutherans now owns 494,507 shares of the company's stock valued at $1,110,000 after acquiring an additional 75,380 shares during the period. Dynamic Technology Lab Private Ltd grew its holdings in shares of E.W. Scripps by 62.6% during the third quarter. Dynamic Technology Lab Private Ltd now owns 68,023 shares of the company's stock valued at $153,000 after purchasing an additional 26,186 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of E.W. Scripps by 16.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 52,257 shares of the company's stock worth $117,000 after purchasing an additional 7,460 shares during the period. Finally, XTX Topco Ltd lifted its holdings in shares of E.W. Scripps by 27.9% in the 3rd quarter. XTX Topco Ltd now owns 234,395 shares of the company's stock worth $526,000 after purchasing an additional 51,108 shares during the last quarter. 67.81% of the stock is currently owned by institutional investors.

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E.W. Scripps Stock Performance

E.W. Scripps stock traded down $0.41 during midday trading on Thursday, reaching $2.57. 808,952 shares of the stock traded hands, compared to its average volume of 923,183. The firm has a fifty day moving average price of $2.17 and a two-hundred day moving average price of $2.23. The E.W. Scripps Company has a fifty-two week low of $1.36 and a fifty-two week high of $4.65. The firm has a market cap of $222.82 million, a price-to-earnings ratio of -0.83 and a beta of 1.54. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 3.41.

Analyst Ratings Changes

Separately, Benchmark upped 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 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.