The E.W. Scripps Company (NASDAQ:SSP) Short Interest Down 26.6% in April

The E.W. Scripps Company (NASDAQ:SSP) was the target of a large decrease in short interest in the month of April. As of April 15th, there was short interest totalling 3,910,000 shares, a decrease of 26.6% from the March 31st total of 5,330,000 shares. Based on an average trading volume of 1,100,000 shares, the short-interest ratio is currently 3.6 days. Currently, 6.4% of the shares of the company are short sold.

E.W. Scripps Trading Up 0.3 %

NASDAQ SSP traded up $0.01 on Friday, hitting $3.70. The company’s stock had a trading volume of 379,322 shares, compared to its average volume of 1,586,539. The firm has a market cap of $313.83 million, a PE ratio of -0.31 and a beta of 1.93. The company’s 50-day moving average is $3.95 and its 200 day moving average is $6.04. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 3.91. E.W. Scripps has a 1-year low of $2.93 and a 1-year high of $11.02.

E.W. Scripps (NASDAQ:SSP) last released its quarterly earnings results on Friday, February 23rd. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.48). E.W. Scripps had a negative net margin of 41.33% and a positive return on equity of 1.81%. The company had revenue of $615.77 million during the quarter, compared to the consensus estimate of $593.00 million. As a group, analysts predict that E.W. Scripps will post 0.74 earnings per share for the current fiscal year.

Institutional Trading of E.W. Scripps

A number of large investors have recently bought and sold shares of the business. Steward Financial Group LLC bought a new stake in shares of E.W. Scripps in the 3rd quarter valued at $34,000. Quadrant Capital Group LLC increased its stake in E.W. Scripps by 1,394.8% in the fourth quarter. Quadrant Capital Group LLC now owns 4,350 shares of the company’s stock valued at $35,000 after purchasing an additional 4,059 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new position in shares of E.W. Scripps during the first quarter valued at about $40,000. Nisa Investment Advisors LLC raised its holdings in shares of E.W. Scripps by 93.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 5,210 shares of the company’s stock valued at $42,000 after purchasing an additional 2,517 shares during the period. Finally, Sherbrooke Park Advisers LLC bought a new position in shares of E.W. Scripps during the 3rd quarter worth about $55,000. 67.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company dropped 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, February 9th.

E.W. Scripps Company 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.