E.W. Scripps (NASDAQ:SSP) Major Shareholder Buys $19,278.00 in Stock

E.W. Scripps Company (The) (NASDAQ:SSP) major shareholder Vanessa Sanchez acquired 4,200 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The stock was purchased at an average cost of $4.59 per share, with a total value of $19,278.00. Following the transaction, the insider owned 11,052 shares in the company, valued at approximately $50,728.68. This trade represents a 61.30% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

E.W. Scripps Stock Performance

Shares of SSP stock traded down $0.23 on Wednesday, reaching $4.17. The stock had a trading volume of 921,662 shares, compared to its average volume of 627,969. E.W. Scripps Company has a 12 month low of $1.72 and a 12 month high of $4.98. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 3.13. The firm has a market capitalization of $370.30 million, a price-to-earnings ratio of -2.23 and a beta of 0.54. The firm’s 50-day moving average is $3.70 and its two-hundred day moving average is $3.40.

E.W. Scripps (NASDAQ:SSP) last announced its quarterly earnings results on Wednesday, February 25th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.52). E.W. Scripps had a negative net margin of 4.69% and a negative return on equity of 0.27%. The business had revenue of $560.26 million for the quarter, compared to analyst estimates of $550.82 million. On average, research analysts expect that E.W. Scripps Company will post 1.07 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Zacks Research downgraded E.W. Scripps from a “hold” rating to a “strong sell” rating in a report on Friday, February 27th. Benchmark upped their price target on E.W. Scripps from $8.00 to $10.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Wells Fargo & Company boosted their price target on shares of E.W. Scripps from $3.00 to $3.90 and gave the stock an “equal weight” rating in a report on Thursday, January 22nd. Weiss Ratings reiterated a “sell (d+)” rating on shares of E.W. Scripps in a research note on Monday, December 22nd. Finally, Guggenheim reissued a “neutral” rating on shares of E.W. Scripps in a research report on Friday, March 6th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $6.95.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. XTX Topco Ltd grew its position in shares of E.W. Scripps by 47.2% in the 2nd quarter. XTX Topco Ltd now owns 351,406 shares of the company’s stock worth $1,033,000 after buying an additional 112,608 shares during the last quarter. New York State Common Retirement Fund boosted its position in shares of E.W. Scripps by 142.3% in the 3rd quarter. New York State Common Retirement Fund now owns 2,318,987 shares of the company’s stock worth $5,705,000 after purchasing an additional 1,361,721 shares in the last quarter. Teton Advisors LLC purchased a new stake in shares of E.W. Scripps in the 3rd quarter worth approximately $728,000. Acadian Asset Management LLC increased its position in E.W. Scripps by 6.4% during the 2nd quarter. Acadian Asset Management LLC now owns 1,231,807 shares of the company’s stock valued at $3,618,000 after buying an additional 74,435 shares in the last quarter. Finally, Bailard Inc. increased its position in E.W. Scripps by 47.5% during the 2nd quarter. Bailard Inc. now owns 89,600 shares of the company’s stock valued at $263,000 after buying an additional 28,858 shares in the last quarter. Institutional investors own 67.81% of the company’s stock.

More E.W. Scripps News

Here are the key news stories impacting E.W. Scripps this week:

• Positive Sentiment: Analysts’ average price target of $6.95 implies meaningful upside versus the stock’s current trading range, supporting buyer interest. E.W. Scripps Company (The) (NASDAQ:SSP) Receives $6.95 Average Price Target from Brokerages
• Positive Sentiment: Large, high‑visibility insider purchase: major shareholder Margaret Scripps Klenzing bought 159,515 shares (~27% increase to her stake) at about $4.64 — a sizable vote of confidence that can attract other investors. SEC Filing – Margaret Scripps Klenzing
• Positive Sentiment: Multiple additional insider buys (Corina S. Granado, Eaton M. Scripps, Anthony S. Granado, Elizabeth Scripps and director Raymundo H. Jr. Granado made recent purchases totaling hundreds of thousands of shares across insiders), reinforcing the bullish signal from family/major holders. (See SEC filings for details.) Corina S. Granado SEC Filing Eaton M. Scripps SEC Filing Anthony S. Granado SEC Filing Elizabeth Scripps SEC Filing Raymundo H. Jr. Granado SEC Filing
• Neutral Sentiment: Short-interest numbers in the provided snapshot are inconsistent (showing 0 shares / NaN changes) and are unreliable as a near‑term signal until validated by an exchange short-interest report.
• Negative Sentiment: Company fundamentals remain mixed: SSP missed on EPS in the Feb. 25 quarter (reported $(0.06) vs. a consensus $0.46) and carries a high debt‑to‑equity ratio (~3.13), which are longer‑term headwinds that could cap upside absent improving margins or guidance. SSP Financials & Earnings

About E.W. Scripps

The E.W. Scripps Company is a diversified U.S. media organization headquartered in Cincinnati, Ohio. Established in 1878 by Edward Willis Scripps, the company began as a newspaper publisher before expanding into broadcast television, cable networks and digital journalism. Today, Scripps combines a legacy of local news reporting with a growing portfolio of national cable channels and digital platforms.

Scripps operates more than 60 television stations across over 40 markets, delivering local news, weather, sports and entertainment programming to communities in both large and mid-sized U.S.