Minerva Advisors LLC Sells 24,599 Shares of The E.W. Scripps Company (NASDAQ:SSP)

Minerva Advisors LLC trimmed its position in shares of The E.W. Scripps Company (NASDAQ:SSP) by 2.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,167,842 shares of the company’s stock after selling 24,599 shares during the quarter. E.W. Scripps makes up about 1.5% of Minerva Advisors LLC’s investment portfolio, making the stock its 18th biggest position. Minerva Advisors LLC owned 1.35% of E.W. Scripps worth $2,593,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Ieq Capital LLC bought a new stake in shares of E.W. Scripps during the fourth quarter valued at approximately $45,000. Diversified Trust Co grew its stake in shares of E.W. Scripps by 36.6% during the fourth quarter. Diversified Trust Co now owns 25,644 shares of the company’s stock valued at $57,000 after purchasing an additional 6,868 shares during the last quarter. Foster & Motley Inc. bought a new stake in shares of E.W. Scripps during the fourth quarter valued at approximately $75,000. BNP Paribas Financial Markets grew its stake in shares of E.W. Scripps by 16.7% during the third quarter. BNP Paribas Financial Markets now owns 52,257 shares of the company’s stock valued at $117,000 after purchasing an additional 7,460 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd grew its stake in shares of E.W. Scripps by 62.6% during the third quarter. Dynamic Technology Lab Private Ltd now owns 68,023 shares of the company’s stock valued at $153,000 after purchasing an additional 26,186 shares during the last quarter. 67.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on SSP. StockNews.com raised shares of E.W. Scripps from a “sell” rating to a “hold” rating in a research note on Monday, November 11th. Benchmark reduced 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 research note on Tuesday, November 5th.

E.W. Scripps Price Performance

Shares of SSP stock opened at $1.77 on Tuesday. The E.W. Scripps Company has a 52-week low of $1.68 and a 52-week high of $5.12. The stock has a market cap of $152.86 million, a PE ratio of -0.57 and a beta of 1.44. The company has a debt-to-equity ratio of 3.41, a quick ratio of 1.34 and a current ratio of 1.34. The firm’s 50 day moving average price is $2.07 and its two-hundred day moving average price is $2.16.

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.