The E.W. Scripps Company (NASDAQ:SSP) Shares Purchased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans increased its position in shares of The E.W. Scripps Company (NASDAQ:SSP) by 18.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 494,507 shares of the company’s stock after acquiring an additional 75,380 shares during the quarter. Thrivent Financial for Lutherans’ holdings in E.W. Scripps were worth $1,110,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of SSP. Assenagon Asset Management S.A. increased its holdings in shares of E.W. Scripps by 1,619.1% during the 2nd quarter. Assenagon Asset Management S.A. now owns 2,203,186 shares of the company’s stock worth $6,918,000 after buying an additional 2,075,027 shares during the last quarter. GSA Capital Partners LLP grew its position in E.W. Scripps by 1,335.9% in the third quarter. GSA Capital Partners LLP now owns 612,366 shares of the company’s stock worth $1,375,000 after acquiring an additional 569,720 shares during the period. AQR Capital Management LLC increased its stake in E.W. Scripps by 1,154.7% during the second quarter. AQR Capital Management LLC now owns 2,404,607 shares of the company’s stock worth $7,550,000 after acquiring an additional 2,212,959 shares during the last quarter. Marshall Wace LLP purchased a new stake in E.W. Scripps in the second quarter valued at $1,833,000. Finally, Cubist Systematic Strategies LLC lifted its stake in shares of E.W. Scripps by 2,290.0% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 389,976 shares of the company’s stock valued at $1,225,000 after purchasing an additional 373,659 shares during the last quarter. 67.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SSP has been the subject of a number of recent analyst reports. StockNews.com raised E.W. Scripps from a “sell” rating to a “hold” rating in a research report on Monday, November 11th. Benchmark dropped their price target on shares of E.W. Scripps from $11.00 to $7.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th.

E.W. Scripps Trading Up 2.6 %

SSP opened at $2.00 on Monday. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 3.41. The firm has a market cap of $172.73 million, a P/E ratio of -0.65 and a beta of 1.66. The E.W. Scripps Company has a 52 week low of $1.68 and a 52 week high of $9.35. The business has a fifty day simple moving average of $2.35 and a 200-day simple moving average of $2.51.

E.W. Scripps (NASDAQ:SSP) last released its earnings results on Monday, November 4th. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.19). The firm had revenue of $646.30 million during the quarter, compared to analyst estimates of $634.01 million. E.W. Scripps had a negative net margin of 8.55% and a positive return on equity of 9.40%. During the same period in the prior year, the firm earned ($0.15) earnings per share. On average, equities analysts expect that The E.W. Scripps Company will post 1.07 earnings per share for the current year.

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.