The E.W. Scripps Company (NASDAQ:SSP) Shares Acquired by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC grew its stake in The E.W. Scripps Company (NASDAQ:SSP) by 12.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 32,034 shares of the company’s stock after purchasing an additional 3,500 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in E.W. Scripps were worth $256,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. PAX Financial Group LLC raised its stake in E.W. Scripps by 4.4% during the third quarter. PAX Financial Group LLC now owns 54,225 shares of the company’s stock worth $297,000 after acquiring an additional 2,282 shares during the period. Nisa Investment Advisors LLC raised its stake in E.W. Scripps by 93.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 5,210 shares of the company’s stock worth $42,000 after acquiring an additional 2,517 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in E.W. Scripps by 22.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,321 shares of the company’s stock worth $122,000 after acquiring an additional 2,766 shares during the period. New York State Common Retirement Fund raised its stake in E.W. Scripps by 0.4% during the fourth quarter. New York State Common Retirement Fund now owns 858,690 shares of the company’s stock worth $6,861,000 after acquiring an additional 3,275 shares during the period. Finally, Sherbrooke Park Advisers LLC acquired a new stake in E.W. Scripps during the third quarter worth about $55,000. Institutional investors and hedge funds own 67.81% of the company’s stock.

E.W. Scripps Price Performance

Shares of NASDAQ:SSP opened at $4.20 on Thursday. The firm’s 50 day moving average is $3.80 and its two-hundred day moving average is $5.96. The E.W. Scripps Company has a 52 week low of $2.93 and a 52 week high of $11.02. The firm has a market capitalization of $356.24 million, a P/E ratio of -0.35 and a beta of 1.90. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 3.91.

E.W. Scripps (NASDAQ:SSP) last announced its quarterly earnings results on Friday, February 23rd. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.46 by ($0.48). E.W. Scripps had a negative net margin of 41.33% and a positive return on equity of 1.81%. The firm had revenue of $615.77 million during the quarter, compared to analyst estimates of $593.00 million. Analysts anticipate that The E.W. Scripps Company will post 0.74 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company dropped their price objective on shares of E.W. Scripps from $9.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Friday, February 9th.

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.