Anthony Granado Acquires 6,852 Shares of E.W. Scripps (NASDAQ:SSP) Stock

E.W. Scripps Company (The) (NASDAQ:SSP) major shareholder Anthony Granado purchased 6,852 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The stock was bought at an average cost of $4.43 per share, for a total transaction of $30,354.36. Following the completion of the purchase, the insider directly owned 41,512 shares in the company, valued at $183,898.16. This represents a 19.77% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Major 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 Price Performance

NASDAQ: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 stock has a 50 day moving average of $3.70 and a two-hundred day moving average of $3.40. E.W. Scripps Company has a 12 month low of $1.72 and a 12 month high of $4.98. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 3.13.

E.W. Scripps (NASDAQ:SSP) last issued 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). E.W. Scripps had a negative return on equity of 0.27% and a negative net margin of 4.69%.The firm had revenue of $560.26 million during the quarter, compared to analyst estimates of $550.82 million. On average, 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 subject of a number of research reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of E.W. Scripps in a report 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 reaffirmed a “neutral” rating on shares of E.W. Scripps in a research note on Friday, March 6th. 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. Finally, Wells Fargo & Company raised their target price 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. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and an average price target of $6.95.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. XTX Topco Ltd raised its position in E.W. Scripps by 47.2% in the second quarter. XTX Topco Ltd now owns 351,406 shares of the company’s stock valued at $1,033,000 after purchasing an additional 112,608 shares during the period. New York State Common Retirement Fund raised its holdings in 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 valued at $5,705,000 after buying an additional 1,361,721 shares during the period. Teton Advisors LLC purchased a new stake in shares of E.W. Scripps in the 3rd quarter valued at approximately $728,000. Acadian Asset Management LLC raised its position in 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 valued at $3,618,000 after purchasing an additional 74,435 shares during the period. Finally, Bailard Inc. raised its holdings in shares of E.W. Scripps by 47.5% in 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 during the period. 67.81% of the stock is currently owned by hedge funds and other institutional investors.

E.W. Scripps News Roundup

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

• Positive Sentiment: Coordinated insider buying spree: multiple insiders and large shareholders (directors and family holders) added shares across March 9–10 and March 6, a visible, concentrated round of purchases that typically signals management/owner confidence and can reduce available float, supporting the stock. Read More.
• Positive Sentiment: Huge single insider buy: Margaret Scripps Klenzing purchased 159,515 shares at roughly $4.64, a ~27% increase in her holding — a high‑visibility transaction that reinforces the message from other insider purchases. Read More.
• Positive Sentiment: Analyst upside: brokerages’ consensus target is materially higher (~$6.95 average), giving investors a valuation rationale for buying at current levels. Read More.
• Neutral Sentiment: Short-interest figures reported in the feed are inconsistent (showing 0 shares / NaN changes) — there’s no clear short‑squeeze or short pressure signal until reliable exchange short-interest data posts.
• Negative Sentiment: Fundamentals and balance‑sheet risks persist: Scripps missed EPS estimates in the Feb. 25 quarter and carries a high debt-to-equity (~3.13). Those issues can limit sustained rally unless operating results or guidance improve. 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.