The E.W. Scripps Company (NASDAQ:SSP) Stock Holdings Raised by CastleKnight Management LP

CastleKnight Management LP raised its stake in The E.W. Scripps Company (NASDAQ:SSP - Free Report) by 752.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 558,588 shares of the company's stock after purchasing an additional 493,073 shares during the quarter. CastleKnight Management LP owned 0.65% of E.W. Scripps worth $1,234,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Heron Bay Capital Management purchased a new stake in E.W. Scripps in the 4th quarter valued at approximately $25,000. The Manufacturers Life Insurance Company acquired a new position in E.W. Scripps during the fourth quarter worth $25,000. WINTON GROUP Ltd purchased a new position in E.W. Scripps in the fourth quarter worth $30,000. Tower Research Capital LLC TRC lifted its holdings 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. Finally, Virtu Financial LLC purchased a new stake in shares of E.W. Scripps during the 4th quarter worth $35,000. Hedge funds and other institutional investors own 67.81% of the company's stock.

E.W. Scripps Trading Down 10.4 %

E.W. Scripps stock traded down $0.27 during midday trading on Friday, reaching $2.32. The stock had a trading volume of 742,678 shares, compared to its average volume of 916,897. The stock has a market capitalization of $201.15 million, a PE ratio of -0.75 and a beta of 1.01. The E.W. Scripps Company has a twelve month low of $1.36 and a twelve month high of $4.12. 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 stock's 50-day simple moving average is $2.39 and its 200 day simple moving average is $2.21.

E.W. Scripps (NASDAQ:SSP - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported ($0.18) EPS for the quarter, beating the consensus estimate of ($0.23) by $0.05. The business had revenue of $524.39 million for the quarter, compared to the consensus estimate of $520.04 million. E.W. Scripps had a positive return on equity of 9.40% and a negative net margin of 8.55%. Analysts expect that The E.W. Scripps Company will post 1.07 EPS for the current year.

Analyst Ratings Changes

Separately, Benchmark upped their price target 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 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.