Teton Advisors Inc. Trims Stake in The E.W. Scripps Company (NASDAQ:SSP)

Teton Advisors Inc. lowered its holdings in The E.W. Scripps Company (NASDAQ:SSP) by 3.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 300,000 shares of the company’s stock after selling 10,000 shares during the period. Teton Advisors Inc.’s holdings in E.W. Scripps were worth $663,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Heron Bay Capital Management bought a new stake in E.W. Scripps in the 4th quarter worth approximately $25,000. WINTON GROUP Ltd purchased a new stake in shares of E.W. Scripps in the 4th quarter valued at $30,000. Virtu Financial LLC purchased a new position in E.W. Scripps in the 4th quarter worth $35,000. Pitcairn Co. bought a new stake in E.W. Scripps in the fourth quarter worth $41,000. Finally, Ieq Capital LLC purchased a new stake in E.W. Scripps during the fourth quarter valued at about $45,000. Institutional investors own 67.81% of the company’s stock.

E.W. Scripps Stock Performance

Shares of NASDAQ:SSP opened at $2.06 on Tuesday. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 3.41. The company has a market cap of $178.60 million, a price-to-earnings ratio of -0.66 and a beta of 0.92. The E.W. Scripps Company has a 12 month low of $1.36 and a 12 month high of $4.65. The company has a 50-day moving average price of $2.23 and a 200-day moving average price of $2.26.

Analyst Upgrades and Downgrades

Separately, Benchmark lifted their price objective on E.W. Scripps from $7.00 to $8.00 and gave the stock a “buy” rating in a report 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.