Virtu Financial LLC Acquires New Stake in The E.W. Scripps Company (NASDAQ:SSP)

Virtu Financial LLC bought a new position in shares of The E.W. Scripps Company (NASDAQ:SSP) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 15,950 shares of the company’s stock, valued at approximately $35,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Geode Capital Management LLC grew its stake 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 during the period. Barclays PLC boosted its holdings in shares of 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 buying an additional 394,580 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of E.W. Scripps by 55.1% during the 4th quarter. Bank of New York Mellon Corp now owns 299,016 shares of the company’s stock worth $661,000 after buying an additional 106,220 shares during the period. Empowered Funds LLC increased its stake in shares of E.W. Scripps by 5.1% in the 4th quarter. Empowered Funds LLC now owns 291,043 shares of the company’s stock valued at $643,000 after acquiring an additional 14,205 shares in the last quarter. Finally, XTX Topco Ltd increased its stake in shares of E.W. Scripps by 27.9% in the 3rd quarter. XTX Topco Ltd now owns 234,395 shares of the company’s stock valued at $526,000 after acquiring an additional 51,108 shares in the last quarter. Institutional investors own 67.81% of the company’s stock.

E.W. Scripps Stock Performance

SSP opened at $3.03 on Wednesday. The E.W. Scripps Company has a 1-year low of $1.36 and a 1-year high of $4.65. The company has a market cap of $262.70 million, a price-to-earnings ratio of -0.98 and a beta of 1.54. The company’s fifty day moving average price is $2.16 and its two-hundred day moving average price is $2.23. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 3.41.

Wall Street Analysts Forecast Growth

Separately, Benchmark lifted their price target on shares of E.W. Scripps from $7.00 to $8.00 and gave the company a “buy” rating in a research note on Thursday, March 13th.

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.