Wealth Enhancement Advisory Services LLC Makes New $37,000 Investment in E.W. Scripps Company (The) (NASDAQ:SSP)

Wealth Enhancement Advisory Services LLC acquired a new position in E.W. Scripps Company (The) (NASDAQ:SSP) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 16,735 shares of the company’s stock, valued at approximately $37,000.

Several other institutional investors and hedge funds have also bought and sold shares of SSP. Heron Bay Capital Management purchased a new stake in E.W. Scripps in the 4th quarter worth approximately $25,000. The Manufacturers Life Insurance Company purchased a new position in shares of E.W. Scripps in the 4th quarter valued at approximately $25,000. Public Employees Retirement System of Ohio purchased a new position in shares of E.W. Scripps in the 4th quarter valued at approximately $29,000. WINTON GROUP Ltd purchased a new position in shares of E.W. Scripps in the 4th quarter valued at approximately $30,000. Finally, Tower Research Capital LLC TRC lifted its stake in shares of 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 during the period. Hedge funds and other institutional investors own 67.81% of the company’s stock.

E.W. Scripps Trading Up 3.2%

SSP opened at $2.93 on Thursday. The stock has a market cap of $256.99 million, a PE ratio of 3.18 and a beta of 1.02. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 2.84. The business has a 50 day moving average of $2.31 and a 200-day moving average of $2.24. E.W. Scripps Company has a 52 week low of $1.36 and a 52 week high of $4.06.

E.W. Scripps (NASDAQ:SSP) last released its earnings results on Thursday, May 8th. The company reported ($0.18) EPS for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.05. The company had revenue of $524.39 million during the quarter, compared to analysts’ expectations of $520.04 million. E.W. Scripps had a return on equity of 17.81% and a net margin of 5.71%. Equities research analysts predict that E.W. Scripps Company will post 1.07 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Benchmark raised their target price on E.W. Scripps from $7.00 to $8.00 and gave the company a “buy” rating in a research note 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.