E.W. Scripps (NASDAQ:SSP) Director Raymundo Jr. Granado Acquires 4,984 Shares

E.W. Scripps Company (The) (NASDAQ:SSP) Director Raymundo Jr. Granado purchased 4,984 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The shares were acquired at an average cost of $4.59 per share, with a total value of $22,876.56. Following the completion of the purchase, the director directly owned 80,998 shares in the company, valued at approximately $371,780.82. This represents a 6.56% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

E.W. Scripps Stock Down 6.5%

Shares of SSP stock traded down $0.29 during trading on Wednesday, reaching $4.12. The company’s stock had a trading volume of 372,366 shares, compared to its average volume of 569,829. E.W. Scripps Company has a one year low of $1.72 and a one year high of $4.98. The business has a fifty day moving average price of $3.70 and a 200-day moving average price of $3.40. The company has a market cap of $365.41 million, a price-to-earnings ratio of -2.20 and a beta of 0.54. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 3.13.

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

More E.W. Scripps News

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

• Positive Sentiment: Large, high‑visibility insider purchases — Margaret Scripps Klenzing bought ~159,515 shares (~27% increase to her holding) at about $4.64, signaling material insider confidence that can support buying interest. SEC Filing – Margaret Scripps Klenzing
• Positive Sentiment: Additional coordinated buys by major shareholders (Corina S. Granado ~79,758 shares; Eaton M. Scripps ~41,017 shares; Anthony S. Granado and Elizabeth Scripps multiple purchases) reinforce the bullish insider signal — suggests insiders are accumulating around the mid‑$4s. (Corina SEC filing: Read More.; Eaton filing: Read More.; Elizabeth filing: Read More..)
• Positive Sentiment: Broker consensus target implies upside — analysts’ average price target reported at $6.95, materially above current trading levels, which can attract investors seeking upside if execution improves. E.W. Scripps Company (The) (NASDAQ:SSP) Receives $6.95 Average Price Target from Brokerages
• Neutral Sentiment: Short‑interest data in the reports is inconsistent and shows zero shares/NaN changes — treat short‑pressure signals as unreliable until an exchange‑confirmed short interest report is available; no clear short squeeze or added downward pressure can be inferred from these snapshots.
• Negative Sentiment: Recent fundamentals are a headwind — Scripps missed Q4 EPS expectations (reported ($0.06) vs. consensus ~$0.46 on Feb. 25) and carries a high debt/equity ratio (~3.13). Those items increase downside risk if revenue or margins don’t improve. (See company earnings disclosure and MarketBeat summary for details.)

Hedge Funds Weigh In On E.W. Scripps

Several hedge funds have recently bought and sold shares of the company. Invesco Ltd. lifted its holdings in shares of E.W. Scripps by 1.4% during the 4th quarter. Invesco Ltd. now owns 246,777 shares of the company’s stock worth $985,000 after acquiring an additional 3,472 shares during the period. Empowered Funds LLC raised its position in E.W. Scripps by 11.1% during the fourth quarter. Empowered Funds LLC now owns 427,036 shares of the company’s stock valued at $1,704,000 after purchasing an additional 42,542 shares in the last quarter. Stokes Family Office LLC acquired a new position in E.W. Scripps during the fourth quarter valued at approximately $75,000. Bridgeway Capital Management LLC lifted its stake in E.W. Scripps by 13.7% during the fourth quarter. Bridgeway Capital Management LLC now owns 808,936 shares of the company’s stock worth $3,228,000 after purchasing an additional 97,542 shares during the last quarter. Finally, GAM Holding AG bought a new position in shares of E.W. Scripps in the 4th quarter valued at $319,000. 67.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Benchmark increased their price target on E.W. Scripps from $8.00 to $10.00 and gave the company a “buy” rating in a research report on Friday, February 27th. Wells Fargo & Company upped their price objective on 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 reissued 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. Finally, Guggenheim reiterated a “neutral” rating on shares of E.W. Scripps in a research note on Friday. One analyst has rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, E.W. Scripps currently has an average rating of “Reduce” and a consensus target price of $6.95.

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.