Walleye Capital LLC Has $184,000 Holdings in The E.W. Scripps Company (NASDAQ:SSP)

Walleye Capital LLC decreased its position in The E.W. Scripps Company (NASDAQ:SSP - Free Report) by 66.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 83,175 shares of the company's stock after selling 162,113 shares during the quarter. Walleye Capital LLC owned 0.10% of E.W. Scripps worth $184,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Wittenberg Investment Management Inc. increased its holdings in shares of E.W. Scripps by 8.4% in the fourth 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. Geode Capital Management LLC raised its holdings in shares of E.W. Scripps by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 1,468,827 shares of the company's stock worth $3,247,000 after acquiring an additional 26,683 shares during the period. JPMorgan Chase & Co. lifted its position 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. Federated Hermes Inc. boosted its stake in E.W. Scripps by 31.3% in the 4th quarter. Federated Hermes Inc. now owns 467,596 shares of the company's stock worth $1,033,000 after purchasing an additional 111,504 shares during the period. Finally, Barclays PLC increased its holdings in E.W. Scripps by 1,643.5% during the 3rd quarter. Barclays PLC now owns 418,588 shares of the company's stock worth $941,000 after purchasing an additional 394,580 shares in the last quarter. Institutional investors own 67.81% of the company's stock.

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 research report on Thursday, March 13th.

E.W. Scripps Stock Up 22.5 %

Shares of SSP stock traded up $0.44 during trading on Friday, reaching $2.37. The company's stock had a trading volume of 777,799 shares, compared to its average volume of 919,622. The E.W. Scripps Company has a one year low of $1.36 and a one year high of $4.65. The business has a fifty day moving average price of $2.30 and a 200-day moving average price of $2.23. The company has a market cap of $205.05 million, a price-to-earnings ratio of -0.77 and a beta of 0.92. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 3.41.

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.