Brevan Howard Capital Management LP Invests $1.22 Million in The E.W. Scripps Company (NASDAQ:SSP)

Brevan Howard Capital Management LP bought a new stake in shares of The E.W. Scripps Company (NASDAQ:SSP - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 547,235 shares of the company's stock, valued at approximately $1,215,000. Brevan Howard Capital Management LP owned 0.63% of E.W. Scripps as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SSP. The Manufacturers Life Insurance Company acquired a new stake in E.W. Scripps during the fourth quarter worth $25,000. Heron Bay Capital Management acquired a new stake in shares of E.W. Scripps during the 4th quarter valued at about $25,000. Tower Research Capital LLC TRC increased its stake in E.W. Scripps by 137.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 13,700 shares of the company's stock valued at $30,000 after acquiring an additional 7,927 shares during the period. WINTON GROUP Ltd acquired a new position in E.W. Scripps in the fourth quarter worth about $30,000. Finally, Virtu Financial LLC bought a new position in E.W. Scripps during the fourth quarter worth about $35,000. Institutional investors and hedge funds own 67.81% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Benchmark increased their target price on 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 Trading Up 2.1 %

Shares of E.W. Scripps stock opened at $2.39 on Thursday. The stock has a market capitalization of $207.22 million, a P/E ratio of -0.77 and a beta of 1.01. 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 company has a 50-day simple moving average of $2.35 and a 200 day simple moving average of $2.22.

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.

Want to see what other hedge funds are holding SSP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The E.W. Scripps Company (NASDAQ:SSP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.