Jupiter Asset Management Ltd. Invests $205,000 in The E.W. Scripps Company (NASDAQ:SSP)

Jupiter Asset Management Ltd. purchased a new stake in shares of The E.W. Scripps Company (NASDAQ:SSP) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 10,077 shares of the company’s stock, valued at approximately $205,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its position in shares of The E.W. Scripps by 3.9% in the 1st quarter. BlackRock Inc. now owns 9,420,119 shares of the company’s stock worth $181,525,000 after buying an additional 349,415 shares during the last quarter. Geode Capital Management LLC increased its position in shares of The E.W. Scripps by 8.6% in the first quarter. Geode Capital Management LLC now owns 939,136 shares of the company’s stock worth $18,097,000 after acquiring an additional 74,657 shares in the last quarter. Nuveen Asset Management LLC increased its position in shares of The E.W. Scripps by 91.9% in the first quarter. Nuveen Asset Management LLC now owns 619,390 shares of the company’s stock worth $11,936,000 after acquiring an additional 296,699 shares in the last quarter. Punch & Associates Investment Management Inc. boosted its holdings in shares of The E.W. Scripps by 1.2% during the first quarter. Punch & Associates Investment Management Inc. now owns 581,890 shares of the company’s stock worth $11,213,000 after purchasing an additional 6,769 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of The E.W. Scripps by 5.8% during the first quarter. Goldman Sachs Group Inc. now owns 575,118 shares of the company’s stock worth $11,082,000 after purchasing an additional 31,630 shares during the period. 65.40% of the stock is owned by institutional investors and hedge funds.

A number of research firms have issued reports on SSP. Zacks Investment Research cut shares of The E.W. Scripps from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 4th. Huber Research raised shares of The E.W. Scripps from an “underweight” rating to an “overweight” rating in a research report on Tuesday, May 18th.

The E.W. Scripps stock opened at $16.43 on Wednesday. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 2.25. The E.W. Scripps Company has a 1 year low of $8.95 and a 1 year high of $24.78. The company has a market cap of $1.35 billion, a PE ratio of 4.80 and a beta of 2.09. The company’s 50-day moving average is $18.55 and its two-hundred day moving average is $20.22.

About The E.W. Scripps

The E.W. Scripps Co engages in the television and newspaper publishing. It operates through the following business segments: Local Media, National Media, and Other. The Local Media segment comprises local broadcast television stations and their related digital operations. The National Media segment consists of national media businesses including over-the-air broadcast networks, Katz, podcast business, Midroll, next generation national news network, Newsy, and other national brands.

Featured Story: Learning About the VIX – Volatility Index

Want to see what other hedge funds are holding SSP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The E.W. Scripps Company (NASDAQ:SSP).

Institutional Ownership by Quarter for The E.W. Scripps (NASDAQ:SSP)

Receive News & Ratings for The E.W. Scripps Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The E.W. Scripps and related companies with MarketBeat.com's FREE daily email newsletter.