E.W. Scripps (NASDAQ:SSP) Major Shareholder Savannah Brickner Purchases 38,544 Shares

E.W. Scripps Company (The) (NASDAQ:SSP) major shareholder Savannah Brickner acquired 38,544 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The stock was purchased at an average cost of $4.43 per share, for a total transaction of $170,749.92. Following the purchase, the insider owned 38,544 shares of the company’s stock, valued at $170,749.92. This represents a ∞ 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.

Savannah Brickner also recently made the following trade(s):

• On Tuesday, March 10th, Savannah Brickner acquired 27,682 shares of E.W. Scripps stock. The shares were purchased at an average price of $4.59 per share, for a total transaction of $127,060.38.

E.W. Scripps Stock Performance

Shares of SSP stock traded down $0.23 during mid-day trading on Wednesday, hitting $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 firm’s 50-day moving average is $3.70 and its two-hundred day moving average is $3.40. The company has a debt-to-equity ratio of 3.13, a current ratio of 1.65 and a quick ratio of 1.65.

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

Analyst Upgrades and Downgrades

Several research firms have recently commented on SSP. Wells Fargo & Company boosted 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 report on Thursday, January 22nd. 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. Benchmark upped their target price on E.W. Scripps from $8.00 to $10.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Finally, Guggenheim reaffirmed a “neutral” rating on shares of E.W. Scripps in a research report on Friday, March 6th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, E.W. Scripps has a consensus rating of “Reduce” and an average target price of $6.95.

Key Headlines Impacting E.W. Scripps

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

Institutional Trading of E.W. Scripps

A number of institutional investors have recently modified their holdings of the company. Invesco Ltd. grew its position in shares of E.W. Scripps by 1.4% in the 4th quarter. Invesco Ltd. now owns 246,777 shares of the company’s stock worth $985,000 after buying an additional 3,472 shares during the last quarter. Prudential Financial Inc. lifted its position in E.W. Scripps by 2.4% during the second quarter. Prudential Financial Inc. now owns 182,344 shares of the company’s stock valued at $536,000 after acquiring an additional 4,342 shares during the last quarter. MetLife Investment Management LLC boosted its stake in E.W. Scripps by 18.2% in the fourth quarter. MetLife Investment Management LLC now owns 31,297 shares of the company’s stock valued at $125,000 after acquiring an additional 4,819 shares in the last quarter. Diversified Trust Co. grew its holdings in E.W. Scripps by 25.8% in the fourth quarter. Diversified Trust Co. now owns 24,845 shares of the company’s stock worth $99,000 after purchasing an additional 5,101 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in E.W. Scripps by 67.1% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 14,923 shares of the company’s stock worth $37,000 after purchasing an additional 5,992 shares during the last quarter. 67.81% of the stock is currently owned by institutional investors.

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.