Jane Street Group LLC Lowers Stock Holdings in The E.W. Scripps Company (NASDAQ:SSP)

Jane Street Group LLC decreased its holdings in shares of The E.W. Scripps Company (NASDAQ:SSP) by 35.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 641,743 shares of the company’s stock after selling 347,576 shares during the period. Jane Street Group LLC owned approximately 0.75% of E.W. Scripps worth $1,441,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. BNP Paribas Financial Markets increased its holdings in E.W. Scripps by 16.7% in the third quarter. BNP Paribas Financial Markets now owns 52,257 shares of the company’s stock valued at $117,000 after buying an additional 7,460 shares in the last quarter. Wittenberg Investment Management Inc. increased its stake in E.W. Scripps by 52.5% in the 3rd 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. Dynamic Technology Lab Private Ltd raised its holdings in E.W. Scripps by 62.6% during the third quarter. Dynamic Technology Lab Private Ltd now owns 68,023 shares of the company’s stock worth $153,000 after purchasing an additional 26,186 shares during the last quarter. Minerva Advisors LLC raised its holdings in E.W. Scripps by 48.5% during the third quarter. Minerva Advisors LLC now owns 1,192,441 shares of the company’s stock worth $2,671,000 after purchasing an additional 389,481 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its position in E.W. Scripps by 18.0% during the third quarter. Thrivent Financial for Lutherans now owns 494,507 shares of the company’s stock worth $1,110,000 after purchasing an additional 75,380 shares in the last quarter. Institutional investors and hedge funds own 67.81% of the company’s stock.

Analyst Upgrades and Downgrades

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

E.W. Scripps Price Performance

Shares of NASDAQ:SSP opened at $2.00 on Friday. The company has a debt-to-equity ratio of 3.41, a quick ratio of 1.34 and a current ratio of 1.34. The business’s fifty day moving average price is $2.23 and its two-hundred day moving average price is $2.43. The stock has a market cap of $172.73 million, a PE ratio of -0.65 and a beta of 1.52. The E.W. Scripps Company has a one year low of $1.68 and a one year high of $9.35.

E.W. Scripps (NASDAQ:SSP) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.37 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 for the quarter, compared to analyst estimates of $634.01 million. During the same period in the previous year, the business earned ($0.15) EPS. On average, analysts forecast that The E.W. Scripps Company will post 1.07 EPS for the current fiscal year.

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.