Charles Schwab Investment Management Inc. lowered its position in The E.W. Scripps Company (NASDAQ:SSP - Free Report) by 23.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 755,359 shares of the company's stock after selling 226,590 shares during the period. Charles Schwab Investment Management Inc. owned 0.87% of E.W. Scripps worth $1,669,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently modified their holdings of the company. Barclays PLC increased 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 purchasing an additional 394,580 shares in the last quarter. MassMutual Private Wealth & Trust FSB acquired a new stake in shares of E.W. Scripps during the 4th quarter worth approximately $320,000. Bank of New York Mellon Corp increased its stake in shares of E.W. Scripps by 55.1% in the 4th quarter. Bank of New York Mellon Corp now owns 299,016 shares of the company's stock valued at $661,000 after acquiring an additional 106,220 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in shares of E.W. Scripps by 18.0% during the 3rd 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. Finally, JPMorgan Chase & Co. lifted its position in shares of E.W. Scripps by 245.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 94,171 shares of the company's stock valued at $211,000 after acquiring an additional 66,885 shares during the period. 67.81% of the stock is owned by institutional investors.
Analyst Ratings Changes
Separately, Benchmark lifted their price target on shares of E.W. Scripps from $7.00 to $8.00 and gave the company a "buy" rating in a research note on Thursday, March 13th.
View Our Latest Stock Analysis on E.W. Scripps
E.W. Scripps Stock Down 1.7 %
E.W. Scripps stock traded down $0.05 during mid-day trading on Wednesday, reaching $2.98. The stock had a trading volume of 828,161 shares, compared to its average volume of 923,551. 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 E.W. Scripps Company has a fifty-two week low of $1.36 and a fifty-two week high of $4.65. The stock's 50-day simple moving average is $2.17 and its 200-day simple moving average is $2.23. The firm has a market capitalization of $258.37 million, a PE ratio of -0.96 and a beta of 1.54.
About E.W. Scripps
(
Free Report)
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.
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