The E.W. Scripps Company (NASDAQ:SSP) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. grew its stake in The E.W. Scripps Company (NASDAQ:SSP) by 3.3% during the 4th quarter, Holdings Channel reports. The firm owned 211,740 shares of the company’s stock after purchasing an additional 6,840 shares during the quarter. Victory Capital Management Inc.’s holdings in E.W. Scripps were worth $468,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of SSP. Ieq Capital LLC acquired a new stake in shares of E.W. Scripps in the fourth quarter valued at about $45,000. Diversified Trust Co boosted its position in E.W. Scripps by 36.6% during the fourth quarter. Diversified Trust Co now owns 25,644 shares of the company’s stock worth $57,000 after acquiring an additional 6,868 shares during the last quarter. Foster & Motley Inc. acquired a new position in E.W. Scripps during the fourth quarter worth about $75,000. BNP Paribas Financial Markets boosted its position 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 acquiring an additional 7,460 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd boosted its position 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 acquiring an additional 26,186 shares during the last quarter. Institutional investors and hedge funds own 67.81% of the company’s stock.

E.W. Scripps Stock Performance

SSP opened at $3.26 on Friday. The firm has a market capitalization of $281.54 million, a PE ratio of -1.05 and a beta of 1.54. The E.W. Scripps Company has a twelve month low of $1.36 and a twelve month high of $4.65. The firm’s 50-day moving average price is $2.03 and its 200 day moving average price is $2.16. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 3.41.

Wall Street Analysts Forecast Growth

Separately, Benchmark boosted their price target on shares of E.W. Scripps from $7.00 to $8.00 and gave the stock a “buy” rating in a research report on Thursday, March 13th.

E.W. Scripps 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.