Manuel Granado Acquires 10,000 Shares of E.W. Scripps (NASDAQ:SSP) Stock

E.W. Scripps Company (The) (NASDAQ:SSP) major shareholder Manuel Granado acquired 10,000 shares of the business’s stock in a transaction dated Tuesday, March 10th. The shares were acquired at an average price of $4.46 per share, for a total transaction of $44,600.00. Following the acquisition, the insider directly owned 20,000 shares in the company, valued at $89,200. This represents a 100.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

E.W. Scripps Price Performance

Shares of SSP traded down $0.23 on Wednesday, hitting $4.17. The company’s stock had a trading volume of 921,662 shares, compared to its average volume of 627,969. The firm’s fifty day moving average price is $3.70 and its 200-day moving average price is $3.40. E.W. Scripps Company has a fifty-two week low of $1.72 and a fifty-two week high of $4.98. The company has a debt-to-equity ratio of 3.13, a current ratio of 1.65 and a quick ratio of 1.65.

E.W. Scripps (NASDAQ:SSP) last released its quarterly earnings results on Wednesday, February 25th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $560.26 million during the quarter, compared to analyst estimates of $550.82 million. On average, analysts predict that E.W. Scripps Company will post 1.07 EPS for the current year.

Institutional Trading of E.W. Scripps

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Empowered Funds LLC lifted its stake in E.W. Scripps by 8.6% in the first quarter. Empowered Funds LLC now owns 316,113 shares of the company’s stock valued at $936,000 after acquiring an additional 25,070 shares during the last quarter. Strs Ohio acquired a new stake in E.W. Scripps in the 1st quarter valued at about $117,000. Acadian Asset Management LLC increased its position in E.W. Scripps by 6.4% during 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 last quarter. Geode Capital Management LLC increased its position in 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 worth $4,459,000 after buying an additional 10,957 shares during the last quarter. Finally, Bailard Inc. lifted its position in shares of E.W. Scripps by 47.5% in 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 during the last quarter. 67.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on SSP. Benchmark boosted their price target on E.W. Scripps from $8.00 to $10.00 and gave the company a “buy” rating in a report on Friday, February 27th. Wells Fargo & Company lifted their target price 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. Guggenheim reiterated a “neutral” rating on shares of E.W. Scripps in a research note on Friday, March 6th. Zacks Research cut E.W. Scripps from a “hold” rating to a “strong sell” rating in a report on Friday, February 27th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of E.W. Scripps in a report on Monday, December 22nd. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $6.95.

More 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

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.