Margaret Scripps Klenzing Purchases 159,515 Shares of E.W. Scripps (NASDAQ:SSP) Stock

E.W. Scripps Company (The) (NASDAQ:SSP) major shareholder Margaret Scripps Klenzing acquired 159,515 shares of E.W. Scripps stock in a transaction on Friday, March 6th. The stock was acquired at an average price of $4.64 per share, with a total value of $740,149.60. Following the purchase, the insider directly owned 741,978 shares in the company, valued at approximately $3,442,777.92. This trade represents a 27.39% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Margaret Scripps Klenzing also recently made the following trade(s):

• On Thursday, March 5th, Margaret Scripps Klenzing bought 120,534 shares of E.W. Scripps stock. The shares were acquired at an average price of $4.43 per share, for a total transaction of $533,965.62.
• On Wednesday, March 4th, Margaret Scripps Klenzing purchased 139,951 shares of E.W. Scripps stock. The stock was bought at an average cost of $4.17 per share, for a total transaction of $583,595.67.

E.W. Scripps Price Performance

SSP opened at $4.17 on Thursday. The firm has a market cap of $370.30 million, a P/E ratio of -2.23 and a beta of 0.54. The firm has a 50-day moving average of $3.70 and a 200 day moving average of $3.40. The company has a debt-to-equity ratio of 3.13, a quick ratio of 1.65 and a current ratio of 1.65. E.W. Scripps Company has a fifty-two week low of $1.72 and a fifty-two week high of $4.98.

E.W. Scripps (NASDAQ:SSP) last announced its quarterly earnings data on Wednesday, February 25th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.46 by ($0.52). The company had revenue of $560.26 million during 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%. On average, research analysts expect that E.W. Scripps Company will post 1.07 EPS for the current year.

Key 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

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. D Orazio & Associates Inc. purchased a new stake in shares of E.W. Scripps in the third quarter worth $27,000. M&T Bank Corp bought a new position in shares of E.W. Scripps in the 4th quarter worth $47,000. State of Alaska Department of Revenue purchased a new stake in shares of E.W. Scripps during the 4th quarter valued at $47,000. Franklin Resources Inc. bought a new stake in E.W. Scripps during the third quarter worth about $30,000. Finally, Pinnacle Associates Ltd. purchased a new position in shares of E.W. Scripps in the 4th quarter worth about $50,000. 67.81% of the stock is currently owned by hedge funds and other institutional investors.

E.W. Scripps Company Profile

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.