Two Sigma Advisers LP Increases Stake in The E.W. Scripps Company (NASDAQ:SSP)

Two Sigma Advisers LP boosted its holdings in The E.W. Scripps Company (NASDAQ:SSP - Free Report) by 35.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 471,600 shares of the company's stock after purchasing an additional 123,100 shares during the quarter. Two Sigma Advisers LP owned approximately 0.55% of E.W. Scripps worth $1,042,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. The Manufacturers Life Insurance Company purchased a new stake in shares of E.W. Scripps during the 4th quarter worth approximately $25,000. Heron Bay Capital Management purchased a new stake in shares of E.W. Scripps during the 4th quarter worth approximately $25,000. Tower Research Capital LLC TRC raised its holdings in shares of E.W. Scripps by 137.3% during 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 in the last quarter. WINTON GROUP Ltd purchased a new stake in shares of E.W. Scripps during the 4th quarter worth approximately $30,000. Finally, Group One Trading LLC raised its holdings in shares of E.W. Scripps by 479.9% during the 4th quarter. Group One Trading LLC now owns 13,998 shares of the company's stock worth $31,000 after acquiring an additional 11,584 shares in the last quarter. 67.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Benchmark upped their price objective 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 Down 0.5%

NASDAQ:SSP traded down $0.01 during midday trading on Thursday, hitting $2.12. 753,692 shares of the company traded hands, compared to its average volume of 881,218. The firm's fifty day moving average is $2.28 and its 200-day moving average is $2.19. The E.W. Scripps Company has a 12-month low of $1.36 and a 12-month high of $4.06. The firm has a market capitalization of $185.95 million, a P/E ratio of -0.68 and a beta of 1.02. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 3.41.

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

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.