JPMorgan Chase & Co. Has $211,000 Position in The E.W. Scripps Company (NASDAQ:SSP)

JPMorgan Chase & Co. lifted its holdings in The E.W. Scripps Company (NASDAQ:SSP) by 245.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 94,171 shares of the company’s stock after purchasing an additional 66,885 shares during the period. JPMorgan Chase & Co. owned 0.11% of E.W. Scripps worth $211,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in SSP. AQR Capital Management LLC lifted its holdings in shares of E.W. Scripps by 1,154.7% during the 2nd 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 period. Millennium Management LLC raised its position in E.W. Scripps by 270.6% in the second quarter. Millennium Management LLC now owns 3,001,601 shares of the company’s stock worth $9,425,000 after purchasing an additional 2,191,666 shares in the last quarter. Marshall Wace LLP bought a new position in E.W. Scripps during the second quarter worth about $1,833,000. GSA Capital Partners LLP boosted its holdings in E.W. Scripps by 1,335.9% during the third quarter. GSA Capital Partners LLP now owns 612,366 shares of the company’s stock valued at $1,375,000 after purchasing an additional 569,720 shares in the last quarter. Finally, Wittenberg Investment Management Inc. boosted its holdings in E.W. Scripps by 52.5% during the third quarter. Wittenberg Investment Management Inc. now owns 1,646,239 shares of the company’s stock valued at $3,696,000 after purchasing an additional 566,717 shares in the last quarter. Institutional investors and hedge funds own 67.81% of the company’s stock.

E.W. Scripps Stock Down 5.1 %

SSP stock opened at $1.88 on Friday. The company has a debt-to-equity ratio of 3.41, a current ratio of 1.34 and a quick ratio of 1.34. The stock has a market capitalization of $162.36 million, a P/E ratio of -0.61 and a beta of 1.48. The E.W. Scripps Company has a fifty-two week low of $1.68 and a fifty-two week high of $8.39. The business has a 50-day moving average of $2.16 and a 200-day moving average of $2.36.

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

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. StockNews.com raised shares of E.W. Scripps from a “sell” rating to a “hold” rating in a report on Monday, November 11th. Benchmark dropped their price target on E.W. Scripps from $11.00 to $7.00 and set a “buy” rating for the company in a report on Tuesday, November 5th.

About E.W. Scripps

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.