Tudor Investment Corp ET AL Sells 123,450 Shares of The E.W. Scripps Company (NASDAQ:SSP)

Tudor Investment Corp ET AL decreased its position in The E.W. Scripps Company (NASDAQ:SSP - Free Report) by 43.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 157,499 shares of the company's stock after selling 123,450 shares during the period. Tudor Investment Corp ET AL owned approximately 0.18% of E.W. Scripps worth $348,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Marshall Wace LLP lifted its holdings in shares of E.W. Scripps by 112.5% in the fourth quarter. Marshall Wace LLP now owns 1,055,343 shares of the company's stock valued at $2,332,000 after purchasing an additional 558,818 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in E.W. Scripps by 428.7% in the 4th quarter. JPMorgan Chase & Co. now owns 497,862 shares of the company's stock valued at $1,100,000 after acquiring an additional 403,691 shares in the last quarter. Barclays PLC lifted its stake in E.W. Scripps by 1,643.5% in the 3rd quarter. Barclays PLC now owns 418,588 shares of the company's stock valued at $941,000 after acquiring an additional 394,580 shares in the last quarter. MassMutual Private Wealth & Trust FSB acquired a new position in E.W. Scripps during the 4th quarter worth approximately $320,000. Finally, Wittenberg Investment Management Inc. grew its stake in shares of E.W. Scripps by 8.4% during the 4th quarter. Wittenberg Investment Management Inc. now owns 1,784,139 shares of the company's stock worth $3,943,000 after acquiring an additional 137,900 shares in the last quarter. Institutional investors own 67.81% of the company's stock.

E.W. Scripps Stock Performance

Shares of NASDAQ:SSP traded down $0.05 during trading on Thursday, reaching $2.33. 338,976 shares of the stock were exchanged, compared to its average volume of 911,001. The firm has a market cap of $201.58 million, a PE ratio of -0.75 and a beta of 1.01. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 3.41. The E.W. Scripps Company has a 12 month low of $1.36 and a 12 month high of $4.06. The stock has a 50-day moving average price of $2.45 and a 200-day moving average price of $2.22.

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

Wall Street Analysts Forecast Growth

Separately, Benchmark boosted their price target on shares of E.W. Scripps from $7.00 to $8.00 and gave the stock a "buy" rating in a research report on Thursday, March 13th.

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.