The E.W. Scripps Company (NASDAQ:SSP) Shares Purchased by GSA Capital Partners LLP

GSA Capital Partners LLP boosted its stake in shares of The E.W. Scripps Company (NASDAQ:SSP - Free Report) by 1,335.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 612,366 shares of the company's stock after buying an additional 569,720 shares during the quarter. GSA Capital Partners LLP owned approximately 0.71% of E.W. Scripps worth $1,375,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sei Investments Co. bought a new stake in shares of E.W. Scripps in the 2nd quarter valued at about $38,000. Vanguard Personalized Indexing Management LLC bought a new stake in shares of E.W. Scripps in the 2nd quarter valued at about $39,000. Diversified Trust Co bought a new stake in shares of E.W. Scripps in the 3rd quarter valued at about $42,000. CWM LLC raised its holdings in shares of E.W. Scripps by 4,620.6% in the 2nd quarter. CWM LLC now owns 14,209 shares of the company's stock valued at $45,000 after purchasing an additional 13,908 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in shares of E.W. Scripps in the 1st quarter valued at about $50,000. Institutional investors own 67.81% of the company's stock.

E.W. Scripps Stock Down 2.1 %

NASDAQ:SSP traded down $0.04 during midday trading on Thursday, reaching $1.84. 342,142 shares of the stock traded hands, compared to its average volume of 894,203. The E.W. Scripps Company has a 12-month low of $1.68 and a 12-month high of $9.35. The business has a 50-day moving average of $2.34 and a two-hundred day moving average of $2.70. The company has a debt-to-equity ratio of 3.41, a quick ratio of 1.34 and a current ratio of 1.34. The stock has a market capitalization of $158.46 million, a PE ratio of -0.61 and a beta of 1.66.

E.W. Scripps (NASDAQ:SSP - Get Free Report) last posted its earnings results on Monday, November 4th. The company reported $0.37 EPS for the quarter, missing analysts' consensus estimates of $0.56 by ($0.19). E.W. Scripps had a negative net margin of 8.55% and a positive return on equity of 9.40%. The firm had revenue of $646.30 million for the quarter, compared to analysts' expectations of $634.01 million. During the same period in the previous year, the company earned ($0.15) EPS. On average, equities analysts forecast that The E.W. Scripps Company will post 1.07 earnings per share for the current fiscal year.

Analyst Ratings Changes

SSP has been the subject of several recent research reports. StockNews.com upgraded shares of E.W. Scripps from a "sell" rating to a "hold" rating in a report on Monday. Benchmark decreased their target price on shares of E.W. Scripps from $11.00 to $7.00 and set a "buy" rating for the company in a research report on Tuesday, November 5th.

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.