Minerva Advisors LLC Has $2.59 Million Stock Holdings in The E.W. Scripps Company (NASDAQ:SSP)

Minerva Advisors LLC cut its position in The E.W. Scripps Company (NASDAQ:SSP) by 2.1% during the 4th quarter, HoldingsChannel reports. The firm owned 1,167,842 shares of the company’s stock after selling 24,599 shares during the quarter. E.W. Scripps comprises about 1.5% of Minerva Advisors LLC’s portfolio, making the stock its 18th largest holding. Minerva Advisors LLC’s holdings in E.W. Scripps were worth $2,593,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Diversified Trust Co raised its holdings in E.W. Scripps by 36.6% in the fourth quarter. Diversified Trust Co now owns 25,644 shares of the company’s stock worth $57,000 after purchasing an additional 6,868 shares during the period. BNP Paribas Financial Markets raised its holdings in E.W. Scripps by 16.7% in the third quarter. BNP Paribas Financial Markets now owns 52,257 shares of the company’s stock worth $117,000 after purchasing an additional 7,460 shares during the period. Victory Capital Management Inc. raised its holdings in E.W. Scripps by 5.1% in the third quarter. Victory Capital Management Inc. now owns 204,900 shares of the company’s stock worth $460,000 after purchasing an additional 9,900 shares during the period. Empowered Funds LLC raised its holdings in E.W. Scripps by 5.4% in the third quarter. Empowered Funds LLC now owns 276,838 shares of the company’s stock worth $622,000 after purchasing an additional 14,070 shares during the period. Finally, Ieq Capital LLC acquired a new stake in E.W. Scripps in the fourth quarter worth $45,000. 67.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on SSP shares. StockNews.com upgraded shares of E.W. Scripps from a “sell” rating to a “hold” rating in a report on Monday, November 11th. Benchmark dropped their price objective on shares of E.W. Scripps from $11.00 to $7.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th.

E.W. Scripps Trading Down 1.1 %

Shares of NASDAQ:SSP opened at $1.77 on Tuesday. The E.W. Scripps Company has a 12 month low of $1.68 and a 12 month high of $5.12. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 3.41. The company’s fifty day simple moving average is $2.07 and its 200 day simple moving average is $2.16. The firm has a market cap of $152.86 million, a price-to-earnings ratio of -0.57 and a beta of 1.44.

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.