E.W. Scripps (NASDAQ:SSP) Given New $8.00 Price Target at Benchmark

E.W. Scripps (NASDAQ:SSP) had its target price hoisted by Benchmark from $7.00 to $8.00 in a research note published on Thursday morning,Benzinga reports. They currently have a buy rating on the stock.

E.W. Scripps Trading Up 33.2 %

NASDAQ SSP opened at $2.73 on Thursday. The company has a market cap of $235.77 million, a price-to-earnings ratio of -0.88 and a beta of 1.54. E.W. Scripps has a 52 week low of $1.36 and a 52 week high of $4.65. The business has a 50 day moving average price of $1.97 and a 200-day moving average price of $2.12. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 3.41.

Institutional Investors Weigh In On E.W. Scripps

Several hedge funds and other institutional investors have recently modified their holdings of SSP. Heron Bay Capital Management bought a new stake in shares of E.W. Scripps during the fourth quarter valued at approximately $25,000. The Manufacturers Life Insurance Company bought a new stake in E.W. Scripps during the fourth quarter worth $25,000. Public Employees Retirement System of Ohio bought a new stake in E.W. Scripps during the fourth quarter worth $29,000. WINTON GROUP Ltd bought a new stake in E.W. Scripps during the fourth quarter worth $30,000. Finally, Tower Research Capital LLC TRC grew its holdings in E.W. Scripps by 137.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 13,700 shares of the company’s stock worth $30,000 after buying an additional 7,927 shares in the last quarter. Institutional investors own 67.81% of the company’s stock.

About E.W. Scripps

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.