131,577 Shares in The E.W. Scripps Company (NASDAQ:SSP) Acquired by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. bought a new stake in The E.W. Scripps Company (NASDAQ:SSP - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 131,577 shares of the company's stock, valued at approximately $291,000. Jefferies Financial Group Inc. owned 0.15% of E.W. Scripps at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Heron Bay Capital Management purchased a new position in E.W. Scripps in the 4th quarter valued at approximately $25,000. The Manufacturers Life Insurance Company bought a new stake in E.W. Scripps during the 4th quarter valued at $25,000. WINTON GROUP Ltd bought a new position in shares of E.W. Scripps during the fourth quarter valued at approximately $30,000. Tower Research Capital LLC TRC raised 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 worth $30,000 after purchasing an additional 7,927 shares in the last quarter. Finally, Group One Trading LLC increased its holdings in shares of E.W. Scripps by 479.9% during the fourth quarter. Group One Trading LLC now owns 13,998 shares of the company's stock valued at $31,000 after acquiring an additional 11,584 shares in the last quarter. 67.81% of the stock is owned by hedge funds and other institutional investors.

E.W. Scripps Stock Performance

SSP stock traded up $0.04 during trading on Friday, hitting $2.15. 841,728 shares of the company traded hands, compared to its average volume of 897,995. The E.W. Scripps Company has a 1 year low of $1.36 and a 1 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 company has a market cap of $188.58 million, a PE ratio of -0.69 and a beta of 1.01. The stock's 50-day simple moving average is $2.45 and its 200 day simple moving average is $2.18.

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

Analyst Upgrades and Downgrades

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 report on Thursday, March 13th.

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.