The E.W. Scripps Company (NASDAQ:SSP) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP decreased its position in The E.W. Scripps Company (NASDAQ:SSP - Free Report) by 7.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,401,322 shares of the company's stock after selling 256,312 shares during the quarter. Dimensional Fund Advisors LP owned 3.94% of E.W. Scripps worth $7,516,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of SSP. Heron Bay Capital Management bought a new position in E.W. Scripps during the 4th quarter valued at approximately $25,000. WINTON GROUP Ltd purchased a new stake in E.W. Scripps during the fourth quarter valued at $30,000. Virtu Financial LLC bought a new stake in E.W. Scripps in the fourth quarter worth $35,000. Pitcairn Co. bought a new position in shares of E.W. Scripps during the fourth quarter valued at approximately $41,000. Finally, Ieq Capital LLC purchased a new position in shares of E.W. Scripps during the fourth quarter worth approximately $45,000. 67.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Benchmark boosted 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 Stock Performance

NASDAQ SSP traded down $0.01 during trading hours on Thursday, reaching $2.36. The stock had a trading volume of 609,567 shares, compared to its average volume of 912,045. The company has a debt-to-equity ratio of 3.41, a quick ratio of 1.34 and a current ratio of 1.34. The stock has a fifty day moving average of $2.45 and a 200 day moving average of $2.22. The E.W. Scripps Company has a 52-week low of $1.36 and a 52-week high of $4.06. The stock has a market cap of $204.61 million, a P/E ratio of -0.76 and a beta of 1.01.

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

About E.W. Scripps

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.