Corina Granado Acquires 79,758 Shares of E.W. Scripps (NASDAQ:SSP) Stock

E.W. Scripps Company (The) (NASDAQ:SSP) major shareholder Corina Granado acquired 79,758 shares of E.W. Scripps stock in a transaction on Friday, March 6th. The shares were bought at an average cost of $4.64 per share, for a total transaction of $370,077.12. Following the completion of the transaction, the insider owned 800,275 shares in the company, valued at approximately $3,713,276. This trade represents a 11.07% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

E.W. Scripps Trading Down 5.2%

NASDAQ:SSP opened at $4.17 on Thursday. The company has a 50-day moving average price of $3.70 and a 200-day moving average price 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. The stock has a market cap of $370.30 million, a price-to-earnings ratio of -2.23 and a beta of 0.54.

E.W. Scripps (NASDAQ:SSP) last announced its quarterly earnings results 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 net margin of 4.69% and a negative return on equity of 0.27%. The company had revenue of $560.26 million for the quarter, compared to analysts’ expectations of $550.82 million. Equities analysts predict that E.W. Scripps Company will post 1.07 EPS for the current year.

Key Stories Impacting E.W. Scripps

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

Analysts Set New Price Targets

SSP has been the subject of a number of research analyst reports. Weiss Ratings restated a “sell (d+)” rating on shares of E.W. Scripps in a research note on Monday, December 22nd. Zacks Research downgraded E.W. Scripps from a “hold” rating to a “strong sell” rating in a report on Friday, February 27th. Guggenheim reissued a “neutral” rating on shares of E.W. Scripps in a research report on Friday, March 6th. Wells Fargo & Company upped 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 report on Thursday, January 22nd. Finally, Benchmark increased their price target on shares of E.W. Scripps from $8.00 to $10.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $6.95.

Institutional Trading of E.W. Scripps

A number of institutional investors and hedge funds have recently modified their holdings of SSP. Penn Capital Management Company LLC lifted its holdings in shares of E.W. Scripps by 151.7% during the third quarter. Penn Capital Management Company LLC now owns 3,599,606 shares of the company’s stock valued at $8,864,000 after purchasing an additional 2,169,640 shares in the last quarter. New York State Common Retirement Fund increased 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 worth $5,705,000 after buying an additional 1,361,721 shares in the last quarter. Russell Investments Group Ltd. raised its position in E.W. Scripps by 886.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,280,898 shares of the company’s stock worth $3,151,000 after buying an additional 1,151,092 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in E.W. Scripps by 22.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,722,317 shares of the company’s stock worth $18,842,000 after buying an additional 871,159 shares during the last quarter. Finally, Federated Hermes Inc. lifted its stake in E.W. Scripps by 82.5% during the 4th quarter. Federated Hermes Inc. now owns 815,751 shares of the company’s stock valued at $3,255,000 after acquiring an additional 368,852 shares during the period. Institutional investors own 67.81% of the company’s stock.

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.