Jefferies Financial Group Inc. Invests $291,000 in The E.W. Scripps Company (NASDAQ:SSP)

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

Other hedge funds also recently modified their holdings of the company. Two Sigma Securities LLC lifted its holdings in E.W. Scripps by 32.9% in the 4th quarter. Two Sigma Securities LLC now owns 23,489 shares of the company's stock worth $52,000 after purchasing an additional 5,811 shares during the last quarter. ProShare Advisors LLC lifted its stake in shares of E.W. Scripps by 50.8% in the fourth quarter. ProShare Advisors LLC now owns 17,268 shares of the company's stock worth $38,000 after buying an additional 5,819 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of E.W. Scripps by 3.3% during the 4th quarter. Victory Capital Management Inc. now owns 211,740 shares of the company's stock worth $468,000 after buying an additional 6,840 shares during the period. Wells Fargo & Company MN grew its stake in E.W. Scripps by 25.4% in the 4th quarter. Wells Fargo & Company MN now owns 36,592 shares of the company's stock valued at $81,000 after buying an additional 7,418 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in E.W. Scripps by 137.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 13,700 shares of the company's stock worth $30,000 after acquiring an additional 7,927 shares during the period. Institutional investors and hedge funds own 67.81% of the company's stock.

E.W. Scripps Stock Performance

NASDAQ SSP traded down $0.22 during trading on Wednesday, hitting $2.13. The company's stock had a trading volume of 708,404 shares, compared to its average volume of 880,777. The E.W. Scripps Company has a 52 week low of $1.36 and a 52 week high of $4.06. The firm has a 50 day moving average price of $2.30 and a 200 day moving average price of $2.19. The firm has a market cap of $186.82 million, a P/E ratio of -0.69 and a beta of 1.02. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 3.41.

E.W. Scripps (NASDAQ:SSP - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported ($0.18) earnings per share (EPS) for the quarter, topping the consensus estimate 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 negative net margin of 8.55% and a positive return on equity of 9.40%. Equities research analysts forecast that The E.W. Scripps Company will post 1.07 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Benchmark upped their price target on shares of E.W. Scripps from $7.00 to $8.00 and gave the company 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.