Tudor Investment Corp ET AL Sells 123,450 Shares of The E.W. Scripps Company (NASDAQ:SSP)

Tudor Investment Corp ET AL lowered its stake in shares of The E.W. Scripps Company (NASDAQ:SSP) by 43.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 157,499 shares of the company’s stock after selling 123,450 shares during the period. Tudor Investment Corp ET AL owned 0.18% of E.W. Scripps worth $348,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Wittenberg Investment Management Inc. increased its holdings in shares of E.W. Scripps by 8.4% in the fourth quarter. Wittenberg Investment Management Inc. now owns 1,784,139 shares of the company’s stock worth $3,943,000 after purchasing an additional 137,900 shares during the period. Geode Capital Management LLC increased its stake in E.W. Scripps by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 1,468,827 shares of the company’s stock worth $3,247,000 after acquiring an additional 26,683 shares during the last quarter. Marshall Wace LLP raised its holdings in shares of E.W. Scripps by 112.5% in the 4th quarter. Marshall Wace LLP now owns 1,055,343 shares of the company’s stock valued at $2,332,000 after acquiring an additional 558,818 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of E.W. Scripps by 428.7% during the 4th quarter. JPMorgan Chase & Co. now owns 497,862 shares of the company’s stock valued at $1,100,000 after acquiring an additional 403,691 shares during the last quarter. Finally, Federated Hermes Inc. grew its holdings in shares of E.W. Scripps by 31.3% during the fourth quarter. Federated Hermes Inc. now owns 467,596 shares of the company’s stock worth $1,033,000 after purchasing an additional 111,504 shares in the last quarter. 67.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Benchmark lifted their target price on shares of E.W. Scripps from $7.00 to $8.00 and gave the company a “buy” rating in a research report on Thursday, March 13th.

E.W. Scripps Trading Down 10.4 %

Shares of SSP stock opened at $2.32 on Friday. The business has a 50-day moving average price of $2.39 and a two-hundred day moving average price of $2.22. The E.W. Scripps Company has a 12-month low of $1.36 and a 12-month high of $4.65. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 3.41. The firm has a market cap of $201.15 million, a P/E ratio of -0.75 and a beta of 1.01.

E.W. Scripps (NASDAQ:SSP) last issued its earnings results on Thursday, May 8th. The company reported ($0.18) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.23) by $0.05. The business had revenue of $524.39 million during the quarter, compared to analyst estimates of $520.04 million. E.W. Scripps had a positive return on equity of 9.40% and a negative net margin of 8.55%. Equities analysts anticipate that The E.W. Scripps Company will post 1.07 EPS for the current fiscal year.

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.