Thrivent Financial for Lutherans Sells 142,227 Shares of The E.W. Scripps Company (NASDAQ:SSP)

Thrivent Financial for Lutherans lessened its holdings in shares of The E.W. Scripps Company (NASDAQ:SSP - Free Report) by 28.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 352,280 shares of the company's stock after selling 142,227 shares during the period. Thrivent Financial for Lutherans owned 0.41% of E.W. Scripps worth $779,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of SSP. Ieq Capital LLC acquired a new stake in E.W. Scripps during the 4th quarter valued at approximately $45,000. Diversified Trust Co increased its position in shares of E.W. Scripps by 36.6% during the fourth quarter. Diversified Trust Co now owns 25,644 shares of the company's stock worth $57,000 after buying an additional 6,868 shares during the period. Foster & Motley Inc. acquired a new stake in shares of E.W. Scripps during the fourth quarter worth $75,000. BNP Paribas Financial Markets raised its stake in E.W. Scripps by 16.7% during the third quarter. BNP Paribas Financial Markets now owns 52,257 shares of the company's stock worth $117,000 after buying an additional 7,460 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in E.W. Scripps by 245.1% in the third quarter. JPMorgan Chase & Co. now owns 94,171 shares of the company's stock valued at $211,000 after buying an additional 66,885 shares during the period. Institutional investors own 67.81% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Benchmark lifted their price objective on E.W. Scripps from $7.00 to $8.00 and gave the stock a "buy" rating in a research report on Thursday, March 13th.

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E.W. Scripps Trading Down 1.3 %

Shares of NASDAQ:SSP traded down $0.03 during mid-day trading on Monday, hitting $2.35. The company had a trading volume of 1,416,023 shares, compared to its average volume of 922,770. 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 E.W. Scripps Company has a one year low of $1.36 and a one year high of $4.65. The firm has a fifty day moving average price of $2.18 and a 200 day moving average price of $2.24. The company has a market capitalization of $203.75 million, a PE ratio of -0.76 and a beta of 0.92.

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.