XTX Topco Ltd Boosts Stock Holdings in The E.W. Scripps Company (NASDAQ:SSP)

XTX Topco Ltd boosted its stake in shares of The E.W. Scripps Company (NASDAQ:SSP) by 196.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 183,287 shares of the company’s stock after purchasing an additional 121,469 shares during the period. XTX Topco Ltd owned about 0.21% of E.W. Scripps worth $576,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SSP. Assenagon Asset Management S.A. lifted its position in E.W. Scripps by 1,619.1% during the second quarter. Assenagon Asset Management S.A. now owns 2,203,186 shares of the company’s stock valued at $6,918,000 after purchasing an additional 2,075,027 shares during the period. Cove Street Capital LLC lifted its position in E.W. Scripps by 34.2% during the first quarter. Cove Street Capital LLC now owns 3,703,082 shares of the company’s stock valued at $14,553,000 after purchasing an additional 944,328 shares during the period. Charles Schwab Investment Management Inc. lifted its position in E.W. Scripps by 21.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,203,306 shares of the company’s stock valued at $9,614,000 after purchasing an additional 210,673 shares during the period. Acadian Asset Management LLC lifted its position in E.W. Scripps by 532,086.1% during the second quarter. Acadian Asset Management LLC now owns 191,587 shares of the company’s stock valued at $599,000 after purchasing an additional 191,551 shares during the period. Finally, Ariston Services Group bought a new position in E.W. Scripps during the fourth quarter valued at approximately $1,500,000. Institutional investors own 67.81% of the company’s stock.

E.W. Scripps Trading Down 6.5 %

Shares of E.W. Scripps stock opened at $1.73 on Tuesday. The company’s fifty day simple moving average is $2.55 and its 200-day simple moving average is $3.01. The stock has a market capitalization of $147.72 million, a PE ratio of -0.15 and a beta of 1.73. The E.W. Scripps Company has a 1-year low of $1.68 and a 1-year high of $9.35. The company has a debt-to-equity ratio of 3.79, a current ratio of 1.50 and a quick ratio of 1.50.

E.W. Scripps (NASDAQ:SSP) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.17). The business had revenue of $573.63 million for the quarter, compared to analysts’ expectations of $586.65 million. E.W. Scripps had a positive return on equity of 2.94% and a negative net margin of 11.06%. During the same quarter in the prior year, the business earned ($0.09) EPS. As a group, equities analysts anticipate that The E.W. Scripps Company will post 0.75 earnings per share for the current year.

Analysts Set New Price Targets

SSP has been the topic of a number of research analyst reports. StockNews.com downgraded shares of E.W. Scripps from a “hold” rating to a “sell” rating in a research report on Thursday, August 15th. Benchmark dropped their price target on shares of E.W. Scripps from $14.00 to $11.00 and set a “buy” rating on the stock in a research note on Monday, August 12th.

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.