Corina Granado Buys 69,976 Shares of E.W. Scripps (NASDAQ:SSP) Stock

E.W. Scripps Company (The) (NASDAQ:SSP) major shareholder Corina Granado bought 69,976 shares of E.W. Scripps stock in a transaction on Wednesday, March 4th. The shares were purchased at an average cost of $4.17 per share, with a total value of $291,799.92. Following the completion of the purchase, the insider directly owned 660,251 shares in the company, valued at $2,753,246.67. This trade represents a 11.85% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

E.W. Scripps Price Performance

Shares of NASDAQ:SSP opened at $4.57 on Friday. The firm’s 50 day moving average is $3.68 and its two-hundred day moving average is $3.37. The firm has a market capitalization of $405.82 million, a P/E ratio of -2.44 and a beta of 0.54. The company has a current ratio of 1.65, a quick ratio of 1.61 and a debt-to-equity ratio of 3.13. E.W. Scripps Company has a 52 week low of $1.36 and a 52 week high of $4.98.

E.W. Scripps (NASDAQ:SSP) last issued its quarterly earnings data 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 return on equity of 0.27% and a negative net margin of 4.69%.The business had revenue of $560.26 million for the quarter, compared to analyst estimates of $550.82 million. Analysts anticipate that E.W. Scripps Company will post 1.07 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on SSP shares. Weiss Ratings restated a “sell (d+)” rating on shares of E.W. Scripps in a research note on Monday, December 22nd. Zacks Research lowered shares of E.W. Scripps from a “hold” rating to a “strong sell” rating in a research report on Friday, February 27th. Guggenheim reissued a “neutral” rating on shares of E.W. Scripps in a research note on Friday. Wells Fargo & Company upped 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 research note on Thursday, January 22nd. Finally, Benchmark increased 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. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $6.95.

Institutional Investors Weigh In On E.W. Scripps

A number of large investors have recently made changes to their positions in SSP. Empowered Funds LLC boosted its stake in E.W. Scripps by 8.6% in the 1st quarter. Empowered Funds LLC now owns 316,113 shares of the company’s stock worth $936,000 after purchasing an additional 25,070 shares during the period. Strs Ohio purchased a new stake in shares of E.W. Scripps in the first quarter valued at $117,000. Acadian Asset Management LLC boosted its position in shares of E.W. Scripps by 6.4% in the second quarter. Acadian Asset Management LLC now owns 1,231,807 shares of the company’s stock worth $3,618,000 after buying an additional 74,435 shares during the period. Geode Capital Management LLC grew its holdings in shares of E.W. Scripps by 0.7% during the second quarter. Geode Capital Management LLC now owns 1,516,298 shares of the company’s stock valued at $4,459,000 after buying an additional 10,957 shares in the last quarter. Finally, Bailard Inc. grew its holdings in shares of E.W. Scripps by 47.5% during the second 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 and hedge funds own 67.81% of the company’s stock.

E.W. Scripps News Summary

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

• Positive Sentiment: Leadership and directors buying shares — CEO Adam Symson bought 26,910 shares (~$3.69 avg) and multiple directors (Charles Barmonde, Monica Holcomb) added positions, signaling management confidence and reducing available float. Read More.
• Positive Sentiment: Major shareholder materially increased stake — Corina S. Granado bought large blocks (260,000 shares at ~$3.91 on Mar 3 and ~70k shares at ~$4.17 on Mar 4), pushing her above the 10% threshold; that is a high-visibility vote of confidence and may tighten free float. Read More.
• Positive Sentiment: Small strategic acquisition — Scripps agreed to buy WTVQ (Lexington, KY) for $15.8M, a targeted TV-market add that should modestly expand local ad reach and revenue potential. Read More.
• Neutral Sentiment: Short-interest data looks effectively zero but appears noisy/rounded — the report shows no meaningful short-interest and is unlikely to be a primary driver of price action. Read More.
• Negative Sentiment: Recent fundamentals remain a concern — the Feb. 25 quarter missed EPS expectations (reported ($0.06) vs. $0.46 expected) and showed negative margins/ROE; sustained upside depends on margin recovery and execution. Read More.

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.