Empowered Funds LLC Boosts Holdings in The E.W. Scripps Company (NASDAQ:SSP)

Empowered Funds LLC raised its stake in shares of The E.W. Scripps Company (NASDAQ:SSP) by 5.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 291,043 shares of the company’s stock after purchasing an additional 14,205 shares during the period. Empowered Funds LLC owned 0.34% of E.W. Scripps worth $643,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Los Angeles Capital Management LLC lifted its stake in shares of E.W. Scripps by 33.1% in the third quarter. Los Angeles Capital Management LLC now owns 166,906 shares of the company’s stock worth $375,000 after buying an additional 41,525 shares in the last quarter. GSA Capital Partners LLP lifted its stake in shares of 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 buying an additional 569,720 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of E.W. Scripps by 5.1% in the third quarter. Victory Capital Management Inc. now owns 204,900 shares of the company’s stock worth $460,000 after buying an additional 9,900 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in shares of E.W. Scripps by 18.0% in the third quarter. Thrivent Financial for Lutherans now owns 494,507 shares of the company’s stock worth $1,110,000 after buying an additional 75,380 shares in the last quarter. Finally, Minerva Advisors LLC lifted its stake in shares of E.W. Scripps by 48.5% in the third quarter. Minerva Advisors LLC now owns 1,192,441 shares of the company’s stock worth $2,671,000 after buying an additional 389,481 shares in the last quarter. 67.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

E.W. Scripps Price Performance

Shares of SSP stock opened at $1.84 on Wednesday. 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 firm’s 50-day moving average is $2.10 and its two-hundred day moving average is $2.20. The E.W. Scripps Company has a 12 month low of $1.68 and a 12 month high of $5.97. The company has a market capitalization of $158.90 million, a PE ratio of -0.59 and a beta of 1.44.

E.W. Scripps Company 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.