WINTON GROUP Ltd Makes New $30,000 Investment in The E.W. Scripps Company (NASDAQ:SSP)

WINTON GROUP Ltd bought a new stake in The E.W. Scripps Company (NASDAQ:SSP) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 13,757 shares of the company’s stock, valued at approximately $30,000.

A number of other institutional investors have also modified their holdings of SSP. Geode Capital Management LLC raised its holdings in E.W. Scripps by 3.7% during the third quarter. Geode Capital Management LLC now owns 1,442,144 shares of the company’s stock worth $3,238,000 after purchasing an additional 51,289 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in shares of E.W. Scripps by 18.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 494,507 shares of the company’s stock worth $1,110,000 after buying an additional 75,380 shares in the last quarter. Barclays PLC lifted its holdings in shares of 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 buying an additional 394,580 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of E.W. Scripps by 55.1% in the 4th quarter. Bank of New York Mellon Corp now owns 299,016 shares of the company’s stock valued at $661,000 after buying an additional 106,220 shares during the period. Finally, Empowered Funds LLC boosted its stake in shares of E.W. Scripps by 5.1% in the fourth quarter. Empowered Funds LLC now owns 291,043 shares of the company’s stock valued at $643,000 after buying an additional 14,205 shares in the last quarter. Institutional investors and hedge funds own 67.81% of the company’s stock.

Analyst Ratings Changes

Separately, Benchmark increased 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 Down 5.7 %

SSP stock opened at $2.96 on Tuesday. The E.W. Scripps Company has a 52 week low of $1.36 and a 52 week high of $4.65. 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 company has a market cap of $256.63 million, a P/E ratio of -0.95 and a beta of 1.54. The company’s 50-day moving average price is $2.14 and its 200 day moving average price is $2.22.

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.