E.W. Scripps (NASDAQ:SSP) Given New $8.00 Price Target at Benchmark

E.W. Scripps (NASDAQ:SSP) had its price target hoisted by research analysts at Benchmark from $7.00 to $8.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Benchmark’s target price points to a potential upside of 203.03% from the company’s current price.

E.W. Scripps Stock Down 3.3 %

E.W. Scripps stock opened at $2.64 on Thursday. E.W. Scripps has a 1-year low of $1.36 and a 1-year high of $4.65. 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 cap of $228.00 million, a PE ratio of -0.85 and a beta of 1.54. The stock’s fifty day moving average is $1.98 and its two-hundred day moving average is $2.12.

Institutional Trading of E.W. Scripps

Hedge funds and other institutional investors have recently bought and sold shares of the business. Heron Bay Capital Management acquired a new stake in shares of E.W. Scripps during the fourth quarter worth about $25,000. The Manufacturers Life Insurance Company purchased a new position in shares of E.W. Scripps during the fourth quarter worth about $25,000. Public Employees Retirement System of Ohio purchased a new position in shares of E.W. Scripps during the fourth quarter worth about $29,000. WINTON GROUP Ltd purchased a new stake in E.W. Scripps in the 4th quarter valued at approximately $30,000. Finally, Tower Research Capital LLC TRC boosted its holdings in E.W. Scripps by 137.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 13,700 shares of the company’s stock valued at $30,000 after purchasing an additional 7,927 shares in the last quarter. 67.81% of the stock is currently owned by institutional investors and hedge funds.

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.