The E.W. Scripps Company (NASDAQ:SSP) Shares Sold by Jane Street Group LLC

Jane Street Group LLC reduced its stake in shares of The E.W. Scripps Company (NASDAQ:SSP) by 35.1% during the 3rd quarter, HoldingsChannel reports. The fund owned 641,743 shares of the company’s stock after selling 347,576 shares during the period. Jane Street Group LLC’s holdings in E.W. Scripps were worth $1,441,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of SSP. Sei Investments Co. purchased a new position in E.W. Scripps during the second quarter worth approximately $38,000. Vanguard Personalized Indexing Management LLC acquired a new stake in E.W. Scripps during the second quarter valued at approximately $39,000. Diversified Trust Co bought a new position in E.W. Scripps during the 3rd quarter worth approximately $42,000. Point72 DIFC Ltd acquired a new stake in shares of E.W. Scripps during the second quarter worth $56,000. Finally, Mackenzie Financial Corp acquired a new position in E.W. Scripps in the second quarter valued at approximately $64,000. 67.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on SSP shares. StockNews.com upgraded shares of E.W. Scripps from a “sell” rating to a “hold” rating in a research report on Monday, November 11th. Benchmark lowered their price target on E.W. Scripps from $11.00 to $7.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th.

E.W. Scripps Trading Down 2.0 %

E.W. Scripps stock opened at $2.00 on Friday. The E.W. Scripps Company has a 1 year low of $1.68 and a 1 year high of $9.35. The firm has a market cap of $172.73 million, a price-to-earnings ratio of -0.65 and a beta of 1.52. 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 firm’s 50 day moving average price is $2.23 and its two-hundred day moving average price is $2.43.

E.W. Scripps (NASDAQ:SSP) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.19). The firm had revenue of $646.30 million during the quarter, compared to analyst estimates of $634.01 million. E.W. Scripps had a positive return on equity of 9.40% and a negative net margin of 8.55%. During the same period in the prior year, the business posted ($0.15) EPS. On average, research analysts predict that The E.W. Scripps Company will post 1.07 EPS for the current fiscal year.

E.W. Scripps Company 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.