E.W. Scripps (NASDAQ:SSP) Major Shareholder Elizabeth Scripps Buys 2,324 Shares of Stock

E.W. Scripps Company (The) (NASDAQ:SSP) major shareholder Elizabeth Scripps bought 2,324 shares of the stock in a transaction on Thursday, March 5th. The shares were purchased at an average price of $4.43 per share, with a total value of $10,295.32. Following the acquisition, the insider owned 10,344 shares in the company, valued at approximately $45,823.92. This represents a 28.98% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Elizabeth Scripps also recently made the following trade(s):

• On Wednesday, March 4th, Elizabeth Scripps acquired 2,099 shares of E.W. Scripps stock. The shares were purchased at an average cost of $4.17 per share, with a total value of $8,752.83.

E.W. Scripps Stock Up 3.6%

E.W. Scripps stock traded up $0.16 during midday trading on Friday, reaching $4.57. The stock had a trading volume of 1,401,285 shares, compared to its average volume of 549,543. E.W. Scripps Company has a 1-year low of $1.36 and a 1-year high of $4.98. The company has a debt-to-equity ratio of 3.13, a quick ratio of 1.61 and a current ratio of 1.65. The firm’s fifty day simple moving average is $3.66 and its 200-day simple moving average is $3.36. The stock has a market capitalization of $405.83 million, a P/E ratio of -2.44 and a beta of 0.54.

E.W. Scripps (NASDAQ:SSP) last posted its quarterly earnings data 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 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 analyst estimates of $550.82 million. As a group, analysts expect that E.W. Scripps Company will post 1.07 EPS for the current fiscal year.

Trending Headlines about E.W. Scripps

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

• Positive Sentiment: Leadership and directors buying shares — CEO Adam Symson bought 26,910 shares (~$3.69 avg) and multiple directors (Charles Barmonde, Monica Holcomb) added positions, signaling management confidence and reducing available float. Read More.
• Positive Sentiment: Major shareholder materially increased stake — Corina S. Granado bought large blocks (260,000 shares at ~$3.91 on Mar 3 and ~70k shares at ~$4.17 on Mar 4), pushing her above the 10% threshold; that is a high-visibility vote of confidence and may tighten free float. Read More.
• Positive Sentiment: Small strategic acquisition — Scripps agreed to buy WTVQ (Lexington, KY) for $15.8M, a targeted TV-market add that should modestly expand local ad reach and revenue potential. Read More.
• Neutral Sentiment: Short-interest data looks effectively zero but appears noisy/rounded — the report shows no meaningful short-interest and is unlikely to be a primary driver of price action. Read More.
• Negative Sentiment: Recent fundamentals remain a concern — the Feb. 25 quarter missed EPS expectations (reported ($0.06) vs. $0.46 expected) and showed negative margins/ROE; sustained upside depends on margin recovery and execution. Read More.

Analyst Ratings Changes

A number of research analysts have weighed in on SSP shares. Weiss Ratings restated a “sell (d+)” rating on shares of E.W. Scripps in a research note on Monday, December 22nd. Guggenheim restated a “neutral” rating on shares of E.W. Scripps in a report on Friday. Benchmark increased their price target on shares of E.W. Scripps from $8.00 to $10.00 and gave the company a “buy” rating in a research note on Friday, February 27th. Zacks Research lowered shares of E.W. Scripps from a “hold” rating to a “strong sell” rating in a research note on Friday, February 27th. Finally, Wells Fargo & Company upped their target price on shares of E.W. Scripps from $3.00 to $3.90 and gave the company an “equal weight” rating in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $6.95.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SSP. XTX Topco Ltd grew its position in shares of 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 last quarter. New York State Common Retirement Fund grew 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 in the last quarter. Acadian Asset Management LLC lifted its holdings in shares of 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 in the last quarter. Bailard Inc. grew its stake 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 acquiring an additional 28,858 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd raised its stake in E.W. Scripps by 67.7% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 46,987 shares of the company’s stock worth $138,000 after purchasing an additional 18,961 shares in the last quarter. 67.81% of the stock is owned by institutional investors.

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.