The E.W. Scripps Company (NASDAQ:SSP) Stake Reduced by Keybank National Association OH

Keybank National Association OH decreased its position in The E.W. Scripps Company (NASDAQ:SSPFree Report) by 8.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 36,520 shares of the company’s stock after selling 3,515 shares during the quarter. Keybank National Association OH’s holdings in E.W. Scripps were worth $200,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in SSP. New York State Common Retirement Fund lifted its holdings in E.W. Scripps by 8.9% in the 3rd quarter. New York State Common Retirement Fund now owns 855,415 shares of the company’s stock worth $4,688,000 after purchasing an additional 70,250 shares during the last quarter. Jump Financial LLC acquired a new stake in E.W. Scripps in the 3rd quarter worth approximately $87,000. Illinois Municipal Retirement Fund acquired a new stake in E.W. Scripps in the 3rd quarter worth approximately $233,000. Teacher Retirement System of Texas lifted its holdings in E.W. Scripps by 118.8% in the 3rd quarter. Teacher Retirement System of Texas now owns 136,633 shares of the company’s stock worth $749,000 after purchasing an additional 74,179 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its holdings in E.W. Scripps by 112.6% in the 3rd quarter. Mackenzie Financial Corp now owns 25,687 shares of the company’s stock worth $129,000 after purchasing an additional 13,607 shares during the last quarter. Institutional investors own 66.30% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company cut their price target on E.W. Scripps from $9.00 to $7.00 and set an “equal weight” rating for the company in a report on Friday.

Read Our Latest Analysis on E.W. Scripps

E.W. Scripps Stock Performance

Shares of NASDAQ:SSP opened at $5.87 on Friday. The business’s fifty day moving average price is $7.70 and its two-hundred day moving average price is $7.35. The E.W. Scripps Company has a fifty-two week low of $4.85 and a fifty-two week high of $15.23. The stock has a market capitalization of $496.72 million, a price-to-earnings ratio of -0.75 and a beta of 2.09. The company has a debt-to-equity ratio of 2.90, a current ratio of 1.54 and a quick ratio of 1.54.

E.W. Scripps Company Profile

(Free Report)

The E.W. Scripps Company, together with its subsidiaries, operates as a media enterprise through a portfolio of local and national media brands. Its Local Media segment operates broadcast television stations, which produce news, information, and entertainment content, as well as its related digital operations.

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Institutional Ownership by Quarter for E.W. Scripps (NASDAQ:SSP)

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