E.W. Scripps (NASDAQ:SSP) Major Shareholder Anthony Granado Acquires 5,742 Shares

E.W. Scripps Company (The) (NASDAQ:SSP) major shareholder Anthony Granado purchased 5,742 shares of the company’s stock in a transaction on Friday, March 6th. The shares were purchased at an average price of $4.64 per share, for a total transaction of $26,642.88. Following the purchase, the insider owned 34,660 shares in the company, valued at approximately $160,822.40. The trade was a 19.86% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

E.W. Scripps Stock Performance

Shares of NASDAQ SSP opened at $4.40 on Wednesday. The company has a 50 day simple moving average of $3.70 and a two-hundred day simple moving average of $3.40. The stock has a market cap of $390.72 million, a price-to-earnings ratio of -2.35 and a beta of 0.54. 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 Company has a 12 month low of $1.36 and a 12 month 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). The company had revenue of $560.26 million during the quarter, compared to analyst estimates of $550.82 million. E.W. Scripps had a negative net margin of 4.69% and a negative return on equity of 0.27%. As a group, analysts predict that E.W. Scripps Company will post 1.07 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SSP. Empowered Funds LLC lifted its stake in shares of E.W. Scripps by 8.6% in the 1st quarter. Empowered Funds LLC now owns 316,113 shares of the company’s stock valued at $936,000 after purchasing an additional 25,070 shares during the last quarter. Strs Ohio purchased a new stake in shares of E.W. Scripps in the 1st quarter valued at approximately $117,000. Acadian Asset Management LLC lifted its holdings 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 worth $3,618,000 after acquiring an additional 74,435 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of E.W. Scripps by 0.7% during the 2nd quarter. Geode Capital Management LLC now owns 1,516,298 shares of the company’s stock worth $4,459,000 after purchasing an additional 10,957 shares during the period. Finally, Bailard Inc. boosted its position 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 purchasing 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: 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.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on SSP shares. 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. 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. Weiss Ratings restated a “sell (d+)” rating on shares of E.W. Scripps in a research report on Monday, December 22nd. Guggenheim reiterated a “neutral” rating on shares of E.W. Scripps in a research report on Friday. Finally, Benchmark upped their target price on E.W. Scripps from $8.00 to $10.00 and gave the company a “buy” rating in a report on Friday, February 27th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $6.95.

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.