Barclays PLC Trims Stake in The E.W. Scripps Company (NASDAQ:SSP)

Barclays PLC reduced its stake in The E.W. Scripps Company (NASDAQ:SSP - Free Report) by 74.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 107,162 shares of the company's stock after selling 311,426 shares during the period. Barclays PLC owned approximately 0.12% of E.W. Scripps worth $237,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Wittenberg Investment Management Inc. increased its holdings in E.W. Scripps by 8.4% in the 4th quarter. Wittenberg Investment Management Inc. now owns 1,784,139 shares of the company's stock valued at $3,943,000 after acquiring an additional 137,900 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of 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 buying an additional 26,683 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of E.W. Scripps by 428.7% in the 4th quarter. JPMorgan Chase & Co. now owns 497,862 shares of the company's stock worth $1,100,000 after buying an additional 403,691 shares during the last quarter. Federated Hermes Inc. increased its holdings in shares of E.W. Scripps by 31.3% in the 4th quarter. Federated Hermes Inc. now owns 467,596 shares of the company's stock worth $1,033,000 after buying an additional 111,504 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings 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 worth $661,000 after buying an additional 106,220 shares during the last quarter. 67.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

E.W. Scripps Price Performance

Shares of E.W. Scripps stock traded down $0.02 during trading hours on Friday, reaching $2.33. The company's stock had a trading volume of 640,413 shares, compared to its average volume of 907,168. The firm has a 50 day moving average price of $2.49 and a 200-day moving average price of $2.21. The E.W. Scripps Company has a one year low of $1.36 and a one year high of $4.06. 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 stock has a market cap of $202.01 million, a P/E ratio of -0.75 and a beta of 1.01.

E.W. Scripps (NASDAQ:SSP - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported ($0.18) earnings per share for the quarter, topping analysts' consensus estimates of ($0.23) by $0.05. The firm had revenue of $524.39 million for the quarter, compared to the consensus estimate of $520.04 million. E.W. Scripps had a negative net margin of 8.55% and a positive return on equity of 9.40%. On average, analysts predict that The E.W. Scripps Company will post 1.07 EPS for the current 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.