Benchmark Forecasts Strong Price Appreciation for E.W. Scripps (NASDAQ:SSP) Stock

Posted by ABMN Staff on Mar 16th, 2025

E.W. Scripps (NASDAQ:SSP – Free Report) had its target price increased by Benchmark from $7.00 to $8.00 in a report issued on Thursday,Benzinga reports. Benchmark currently has a buy rating on the stock.

E.W. Scripps Trading Down 3.3 %

Shares of E.W. Scripps stock opened at $2.64 on Thursday. 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 $228.00 million, a price-to-earnings ratio of -0.85 and a beta of 1.54. The business has a fifty day simple moving average of $1.98 and a 200-day simple moving average of $2.12. E.W. Scripps has a fifty-two week low of $1.36 and a fifty-two week high of $4.65.

Institutional Investors Weigh In On E.W. Scripps

Hedge funds and other institutional investors have recently made changes to their positions in the company. Heron Bay Capital Management bought a new position in E.W. Scripps during the fourth quarter worth $25,000. The Manufacturers Life Insurance Company bought a new position in shares of E.W. Scripps during the 4th quarter worth about $25,000. Public Employees Retirement System of Ohio bought a new position in shares of E.W. Scripps during the 4th quarter worth about $29,000. WINTON GROUP Ltd acquired a new position in shares of E.W. Scripps during the fourth quarter valued at about $30,000. Finally, Tower Research Capital LLC TRC lifted its stake in shares of E.W. Scripps by 137.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 13,700 shares of the company’s stock valued at $30,000 after buying an additional 7,927 shares during the period. 67.81% of the stock is owned by hedge funds and other institutional investors.

E.W. Scripps Company Profile

(Get Free Report)

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.