E.W. Scripps Company (The) (NASDAQ:SSP) Stock Rated “Hold” by Sell-Side Analysts

E.W. Scripps Company (The) (NASDAQ:SSP) has received a consensus rating of “Hold” from the five analysts that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $5.90.

SSP has been the topic of several analyst reports. Weiss Ratings reissued a “sell (d)” rating on shares of E.W. Scripps in a report on Wednesday, August 26th. Wall Street Zen raised shares of E.W. Scripps from a “sell” rating to a “hold” rating in a research report on Saturday, September 19th. Finally, Wells Fargo & Company reduced their price objective on shares of E.W. Scripps from $4.70 to $3.80 and set an “equal weight” rating on the stock in a research note on Tuesday, August 11th.

E.W. Scripps Price Performance

E.W. Scripps stock opened at $2.16 on Friday. The company has a market capitalization of $200.17 million, a price-to-earnings ratio of -0.15 and a beta of 0.71. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 3.08. E.W. Scripps has a 12 month low of $2.02 and a 12 month high of $5.39. The stock’s 50 day moving average is $2.99 and its 200-day moving average is $3.32.

E.W. Scripps (NASDAQ:SSP) last issued its quarterly earnings data on Thursday, August 6th. The company reported ($0.34) earnings per share for the quarter, topping the consensus estimate of ($0.53) by $0.19. E.W. Scripps had a negative net margin of 58.02% and a negative return on equity of 4.58%. The business had revenue of $490.40 million during the quarter, compared to analysts’ expectations of $511.65 million.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Lee Danner & Bass Inc. bought a new stake in shares of E.W. Scripps in the 1st quarter worth $5,273,000. Sei Investments Co. lifted its stake in E.W. Scripps by 174.7% during the 1st quarter. Sei Investments Co. now owns 582,224 shares of the company’s stock valued at $2,166,000 after acquiring an additional 370,260 shares during the period. Gabelli Funds LLC raised its holdings in shares of E.W. Scripps by 23.2% during the first quarter. Gabelli Funds LLC now owns 1,375,524 shares of the company’s stock valued at $5,117,000 after purchasing an additional 258,908 shares during the last quarter. Gamco Investors INC. ET AL lifted its position in E.W. Scripps by 9.0% during the first quarter. Gamco Investors INC. ET AL now owns 2,661,878 shares of the company’s stock valued at $9,902,000 after purchasing an additional 219,839 shares during the period. Finally, GABELLI & Co INVESTMENT ADVISERS INC. boosted its holdings in E.W. Scripps by 233.3% in the first quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 241,500 shares of the company’s stock worth $898,000 after purchasing an additional 169,050 shares during the last quarter. Institutional investors own 67.81% of the company’s stock.

E.W. Scripps Company Profile

The E.W. Scripps Company (NASDAQ: SSP) is an American media company that operates local television stations, national news services and digital media businesses. Its local media operations provide broadcast news, weather, sports and community programming, while its national offerings include Scripps News and Court TV.

Scripps distributes content through over-the-air television, digital platforms and streaming services. The company also operates ION, a national broadcast network known for entertainment programming, as well as other television and digital brands.