Federated Hermes Inc. Grows Stock Position in The E.W. Scripps Company (NASDAQ:SSP)

Federated Hermes Inc. increased its position in shares of The E.W. Scripps Company (NASDAQ:SSP - Free Report) by 31.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 467,596 shares of the company's stock after purchasing an additional 111,504 shares during the quarter. Federated Hermes Inc. owned 0.54% of E.W. Scripps worth $1,033,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of SSP. Wittenberg Investment Management Inc. boosted its stake 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 buying an additional 137,900 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of E.W. Scripps by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 1,468,827 shares of the company's stock worth $3,247,000 after purchasing an additional 26,683 shares during the period. JPMorgan Chase & Co. increased its holdings 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 purchasing an additional 403,691 shares in the last quarter. Barclays PLC lifted its stake in shares of E.W. Scripps by 1,643.5% in the 3rd quarter. Barclays PLC now owns 418,588 shares of the company's stock valued at $941,000 after purchasing an additional 394,580 shares during the period. Finally, Bank of New York Mellon Corp grew its position in E.W. Scripps by 55.1% during the fourth quarter. Bank of New York Mellon Corp now owns 299,016 shares of the company's stock valued at $661,000 after buying an additional 106,220 shares during the period. Hedge funds and other institutional investors own 67.81% of the company's stock.

Wall Street Analysts Forecast Growth

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

E.W. Scripps Price Performance

Shares of NASDAQ:SSP traded down $0.14 during midday trading on Monday, reaching $2.03. 497,702 shares of the company's stock traded hands, compared to its average volume of 923,269. The company has a market cap of $176.00 million, a P/E ratio of -0.65 and a beta of 0.92. The company has a fifty day simple moving average of $2.26 and a two-hundred day simple moving average of $2.25. 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 E.W. Scripps Company has a 1 year low of $1.36 and a 1 year high of $4.65.

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.