Marshall Wace LLP Invests $1.83 Million in The E.W. Scripps Company (NASDAQ:SSP)

Marshall Wace LLP bought a new position in The E.W. Scripps Company (NASDAQ:SSP) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 583,890 shares of the company’s stock, valued at approximately $1,833,000. Marshall Wace LLP owned approximately 0.68% of E.W. Scripps at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. SageView Advisory Group LLC bought a new stake in shares of E.W. Scripps in the 4th quarter valued at $82,000. PNC Financial Services Group Inc. lifted its holdings in shares of E.W. Scripps by 229.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 10,761 shares of the company’s stock valued at $86,000 after purchasing an additional 7,496 shares in the last quarter. Sei Investments Co. acquired a new position in shares of E.W. Scripps during the second quarter worth about $38,000. Vanguard Personalized Indexing Management LLC bought a new position in shares of E.W. Scripps during the second quarter worth about $39,000. Finally, Virtu Financial LLC bought a new position in shares of E.W. Scripps during the first quarter worth about $50,000. Institutional investors and hedge funds own 67.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. StockNews.com downgraded E.W. Scripps from a “hold” rating to a “sell” rating in a research report on Thursday, August 15th. Benchmark reduced their target price on shares of E.W. Scripps from $14.00 to $11.00 and set a “buy” rating for the company in a report on Monday, August 12th.

E.W. Scripps Price Performance

NASDAQ:SSP opened at $2.58 on Friday. The E.W. Scripps Company has a 52-week low of $1.68 and a 52-week high of $9.35. The company has a market cap of $220.31 million, a P/E ratio of -0.22 and a beta of 1.74. The company has a debt-to-equity ratio of 3.79, a quick ratio of 1.50 and a current ratio of 1.50. The stock’s 50-day simple moving average is $2.26 and its 200 day simple moving average is $2.89.

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