CastleKnight Management LP Increases Position in The E.W. Scripps Company (NASDAQ:SSP)

CastleKnight Management LP lifted its holdings in shares of The E.W. Scripps Company (NASDAQ:SSP) by 752.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 558,588 shares of the company’s stock after acquiring an additional 493,073 shares during the quarter. CastleKnight Management LP owned 0.65% of E.W. Scripps worth $1,234,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Wittenberg Investment Management Inc. grew its position in shares of E.W. Scripps by 8.4% during the 4th quarter. Wittenberg Investment Management Inc. now owns 1,784,139 shares of the company’s stock valued at $3,943,000 after acquiring an additional 137,900 shares during the period. Geode Capital Management LLC grew its holdings in E.W. Scripps by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 1,468,827 shares of the company’s stock valued at $3,247,000 after purchasing an additional 26,683 shares during the period. Marshall Wace LLP increased its position in E.W. Scripps by 112.5% in the fourth quarter. Marshall Wace LLP now owns 1,055,343 shares of the company’s stock worth $2,332,000 after buying an additional 558,818 shares during the last quarter. Brevan Howard Capital Management LP bought a new stake in shares of E.W. Scripps in the fourth quarter valued at $1,215,000. Finally, Northern Trust Corp lifted its position in shares of E.W. Scripps by 6.1% during the 4th quarter. Northern Trust Corp now owns 532,334 shares of the company’s stock valued at $1,176,000 after buying an additional 30,501 shares during the last quarter. 67.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

E.W. Scripps Trading Down 1.6 %

Shares of SSP stock opened at $2.41 on Tuesday. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 3.41. The firm has a market cap of $208.95 million, a P/E ratio of -0.78 and a beta of 1.01. The business has a 50-day moving average price of $2.32 and a two-hundred day moving average price of $2.22. The E.W. Scripps Company has a 12-month low of $1.36 and a 12-month high of $4.65.

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.