JPMorgan Chase & Co. grew its stake in shares of The E.W. Scripps Company (NASDAQ:SSP - Free Report) by 428.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 497,862 shares of the company's stock after purchasing an additional 403,691 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.58% of E.W. Scripps worth $1,100,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in the stock. WINTON GROUP Ltd bought a new position in E.W. Scripps in the 4th quarter worth approximately $30,000. Heron Bay Capital Management bought a new position in E.W. Scripps in the 4th quarter worth approximately $25,000. American Century Companies Inc. grew its holdings in E.W. Scripps by 11.5% in the 4th quarter. American Century Companies Inc. now owns 120,568 shares of the company's stock worth $266,000 after buying an additional 12,422 shares in the last quarter. Virtu Financial LLC bought a new position in E.W. Scripps in the 4th quarter worth approximately $35,000. Finally, Victory Capital Management Inc. grew its holdings in E.W. Scripps by 3.3% in 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 in the last quarter. 67.81% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Separately, Benchmark increased their price target on E.W. Scripps from $7.00 to $8.00 and gave the company a "buy" rating in a research note on Thursday, March 13th.
Read Our Latest Stock Analysis on SSP
E.W. Scripps Stock Down 4.2 %
Shares of SSP traded down $0.09 during mid-day trading on Thursday, reaching $1.93. The company's stock had a trading volume of 291,654 shares, compared to its average volume of 919,108. The E.W. Scripps Company has a 1 year low of $1.36 and a 1 year high of $4.65. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 3.41. The company has a market cap of $166.90 million, a price-to-earnings ratio of -0.62 and a beta of 0.92. The business has a fifty day moving average of $2.29 and a 200 day moving average of $2.23.
About E.W. Scripps
(
Free Report)
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.
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