E.W. Scripps (NASDAQ:SSP) Major Shareholder Corina Granado Purchases 79,758 Shares

E.W. Scripps Company (The) (NASDAQ:SSP) major shareholder Corina Granado acquired 79,758 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The stock was purchased at an average cost of $4.64 per share, for a total transaction of $370,077.12. Following the purchase, the insider owned 800,275 shares of the company’s stock, valued at $3,713,276. This represents a 11.07% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

E.W. Scripps Trading Down 4.3%

Shares of NASDAQ SSP opened at $4.40 on Wednesday. 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 business has a fifty day simple moving average of $3.70 and a two-hundred day simple moving average of $3.40. The firm has a market cap of $390.72 million, a PE ratio of -2.35 and a beta of 0.54. E.W. Scripps Company has a twelve month low of $1.36 and a twelve month high of $4.98.

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

Wall Street Analysts Forecast Growth

SSP has been the topic of several research reports. Benchmark lifted their price objective on shares of E.W. Scripps from $8.00 to $10.00 and gave the company a “buy” rating in a report on Friday, February 27th. Zacks Research lowered shares of E.W. Scripps from a “hold” rating to a “strong sell” rating in a report on Friday, February 27th. Weiss Ratings reissued a “sell (d+)” rating on shares of E.W. Scripps in a research note on Monday, December 22nd. Wells Fargo & Company raised their price target on shares of E.W. Scripps from $3.00 to $3.90 and gave the company an “equal weight” rating in a research note on Thursday, January 22nd. Finally, Guggenheim reiterated a “neutral” rating on shares of E.W. Scripps in a report on Friday. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, E.W. Scripps has a consensus rating of “Reduce” and a consensus target price of $6.95.

Trending Headlines about E.W. Scripps

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

• Positive Sentiment: Analysts set an average price target of $6.95 for SSP, signaling material upside from current levels and providing a justification for investor buying interest. E.W. Scripps Company (The) (NASDAQ:SSP) Receives $6.95 Average Price Target from Brokerages
• Positive Sentiment: Major shareholder Margaret Scripps Klenzing bought 159,515 shares at about $4.64 (a ~27% increase in her holding) — a large, high‑visibility insider buy that typically signals confidence in the stock. SEC Filing – Margaret Scripps Klenzing
• Positive Sentiment: Other significant insider purchases reported: Corina S. Granado (79,758 shares), Eaton M. Scripps (41,017 shares), Anthony S. Granado (multiple buys totaling >12k shares), and Elizabeth Scripps (3,077 shares) — collective buys by major holders strengthen the bullish signal. (Individual SEC links: Corina Corina S. Granado SEC Filing; Eaton Eaton M. Scripps SEC Filing; Anthony/Elizabeth filings listed in news feed.)
• Neutral Sentiment: Short-interest data in the reports is inconsistent / shows 0 shares (and NaN increases), so there’s no clear short-pressure signal from these snapshots; treat the short-interest figures as unreliable until confirmed by an exchange report.
• Negative Sentiment: Recent fundamentals remain mixed: SSP posted a quarterly EPS miss on Feb. 25 and carries a high debt-to-equity ratio (~3.13). Those factors are longer‑term headwinds that can limit sustained upside absent improving cash flow or margin guidance.

Hedge Funds Weigh In On E.W. Scripps

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. XTX Topco Ltd boosted its position in shares of E.W. Scripps by 47.2% during the 2nd quarter. XTX Topco Ltd now owns 351,406 shares of the company’s stock valued at $1,033,000 after acquiring an additional 112,608 shares during the last quarter. New York State Common Retirement Fund raised its stake in E.W. Scripps by 142.3% during the third 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 during the period. Teton Advisors LLC acquired a new position in E.W. Scripps in the 3rd quarter valued at about $728,000. Acadian Asset Management LLC grew its stake in shares of E.W. Scripps by 6.4% in 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 during the period. Finally, Bailard Inc. increased its holdings in shares of E.W. Scripps by 47.5% during the 2nd quarter. Bailard Inc. now owns 89,600 shares of the company’s stock worth $263,000 after buying an additional 28,858 shares during the last quarter. Institutional investors and hedge funds own 67.81% of the company’s stock.

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.