XTX Topco Ltd Has $526,000 Holdings in The E.W. Scripps Company (NASDAQ:SSP)

XTX Topco Ltd boosted its stake in The E.W. Scripps Company (NASDAQ:SSP) by 27.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 234,395 shares of the company’s stock after buying an additional 51,108 shares during the quarter. XTX Topco Ltd owned approximately 0.27% of E.W. Scripps worth $526,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of SSP. BNP Paribas Financial Markets grew its stake in E.W. Scripps by 16.7% during the third quarter. BNP Paribas Financial Markets now owns 52,257 shares of the company’s stock worth $117,000 after buying an additional 7,460 shares during the last quarter. Wittenberg Investment Management Inc. grew its position in E.W. Scripps by 52.5% during the 3rd quarter. Wittenberg Investment Management Inc. now owns 1,646,239 shares of the company’s stock worth $3,696,000 after acquiring an additional 566,717 shares during the last quarter. Dynamic Technology Lab Private Ltd increased its holdings in E.W. Scripps by 62.6% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 68,023 shares of the company’s stock valued at $153,000 after purchasing an additional 26,186 shares in the last quarter. Minerva Advisors LLC raised its position in E.W. Scripps by 48.5% in the 3rd quarter. Minerva Advisors LLC now owns 1,192,441 shares of the company’s stock valued at $2,671,000 after purchasing an additional 389,481 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its stake in 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 purchasing an additional 75,380 shares in the last quarter. 67.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on SSP shares. StockNews.com raised E.W. Scripps from a “sell” rating to a “hold” rating in a report 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 research note on Tuesday, November 5th.

E.W. Scripps Trading Down 6.4 %

SSP stock opened at $2.05 on Friday. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 3.41. The E.W. Scripps Company has a twelve month low of $1.68 and a twelve month high of $9.35. The company has a market cap of $177.04 million, a P/E ratio of -0.66 and a beta of 1.52. The business has a fifty day moving average of $2.36 and a 200-day moving average of $2.47.

E.W. Scripps (NASDAQ:SSP) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.19). The firm had revenue of $646.30 million for the quarter, compared to the consensus estimate of $634.01 million. E.W. Scripps had a positive return on equity of 9.40% and a negative net margin of 8.55%. During the same period in the prior year, the firm posted ($0.15) earnings per share. As a group, equities research analysts expect that The E.W. Scripps Company will post 1.07 EPS for the current year.

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.