The E.W. Scripps Company (NASDAQ:SSP) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lessened its holdings in The E.W. Scripps Company (NASDAQ:SSP - Free Report) by 15.9% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,802,588 shares of the company's stock after selling 1,100,079 shares during the period. Victory Capital Management Inc. owned approximately 6.86% of E.W. Scripps worth $46,363,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Nisa Investment Advisors LLC raised its holdings in shares of E.W. Scripps by 93.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 5,210 shares of the company's stock worth $42,000 after purchasing an additional 2,517 shares during the period. Sherbrooke Park Advisers LLC bought a new stake in shares of E.W. Scripps in the 3rd quarter worth approximately $55,000. Jump Financial LLC bought a new stake in shares of E.W. Scripps in the 3rd quarter worth approximately $87,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of E.W. Scripps by 22.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,321 shares of the company's stock worth $122,000 after purchasing an additional 2,766 shares during the period. Finally, Mackenzie Financial Corp raised its holdings in shares of E.W. Scripps by 112.6% in the 3rd quarter. Mackenzie Financial Corp now owns 25,687 shares of the company's stock worth $129,000 after purchasing an additional 13,607 shares during the period. Hedge funds and other institutional investors own 67.81% of the company's stock.

E.W. Scripps Trading Up 4.1 %

Shares of NASDAQ:SSP traded up $0.18 during midday trading on Monday, hitting $4.45. 1,380,886 shares of the stock traded hands, compared to its average volume of 936,254. The E.W. Scripps Company has a one year low of $2.93 and a one year high of $11.02. The business's 50 day moving average is $3.81 and its two-hundred day moving average is $5.98. The stock has a market capitalization of $377.01 million, a PE ratio of -0.38 and a beta of 1.90. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 3.91.

E.W. Scripps (NASDAQ:SSP - Get Free Report) last posted its earnings results on Friday, February 23rd. The company reported ($0.02) EPS for the quarter, missing analysts' consensus estimates of $0.46 by ($0.48). The company had revenue of $615.77 million during the quarter, compared to the consensus estimate of $593.00 million. E.W. Scripps had a positive return on equity of 1.81% and a negative net margin of 41.33%. As a group, research analysts forecast that The E.W. Scripps Company will post 0.74 earnings per share for the current year.

Analyst Ratings Changes

Separately, Wells Fargo & Company reduced their price target on shares of E.W. Scripps from $9.00 to $7.00 and set an "equal weight" rating for the company in a research report on Friday, February 9th.

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.