E.W. Scripps (NASDAQ:SSP) Major Shareholder Anthony Granado Purchases 4,200 Shares

E.W. Scripps Company (The) (NASDAQ:SSP) major shareholder Anthony Granado purchased 4,200 shares of the business’s stock in a transaction on Tuesday, March 10th. The stock was purchased at an average price of $4.59 per share, for a total transaction of $19,278.00. Following the acquisition, the insider owned 45,712 shares of the company’s stock, valued at approximately $209,818.08. This represents a 10.12% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Large 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 Down 0.0%

Shares of NASDAQ SSP traded down $0.00 during midday trading on Thursday, hitting $4.17. 360,546 shares of the stock traded hands, compared to its average volume of 577,006. The company has a market cap of $370.22 million, a PE ratio of -2.23 and a beta of 0.54. E.W. Scripps Company has a one year low of $1.90 and a one year high of $4.98. The business has a 50 day moving average price of $3.70 and a two-hundred day moving average price of $3.40. The company has a debt-to-equity ratio of 3.13, a quick ratio of 1.65 and a current ratio of 1.65.

E.W. Scripps (NASDAQ:SSP) last issued its earnings results 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 return on equity of 0.27% and a negative net margin of 4.69%.The firm had revenue of $560.26 million during the quarter, compared to the consensus estimate of $550.82 million. On average, equities analysts predict that E.W. Scripps Company will post 1.07 EPS for the current year.

More E.W. Scripps News

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

• Positive Sentiment: Concentrated insider buying — Numerous major shareholders and directors increased positions (large buys from Margaret Scripps Klenzing, Corina S. Granado, Eaton M. Scripps, Samantha Brickner, Ellen Granado and others). Big, clustered insider purchases often signal owner confidence and can reduce perceived sell pressure. Read More.
• Positive Sentiment: Additional insider purchases widely reported — Multiple smaller insider buys (Elizabeth Scripps, Raymundo Granado Jr., Anthony Granado, Savannah Brickner, etc.) reinforce the buying narrative and may prompt momentum buying or short covering. Read More.
• Positive Sentiment: New national programming deal — ION (a Scripps network) will air the first-ever nationally televised PWHL game in the U.S. on Mar. 28, which supports potential ad/affiliate revenue upside and national distribution for broadcast assets. Read More.
• Positive Sentiment: Analyst target suggests upside — Brokers’ average price target (~$6.95) is well above current levels, supporting a valuation story that can attract buyers if fundamentals improve. Read More.
• Neutral Sentiment: Institutional ownership and trading — Institutions hold a large share of stock (~68%), and recent filings show both purchases and portfolio reallocations; this can amplify moves but is not an immediate catalyst by itself.
• Neutral Sentiment: Short-interest data inconsistent — Reports in the feeds show 0 or NaN short interest; treat short‑data as unreliable until exchange‑confirmed, so short‑squeeze risk is unclear.
• Negative Sentiment: Fundamental headwinds — Scripps missed EPS expectations in its Feb. 25 quarter (reported ($0.06) vs. $0.46 expected) and carries high leverage (debt/equity ~3.1), which limits upside unless margins or cash flow visibly improve.

Hedge Funds Weigh In On E.W. Scripps

Several institutional investors have recently added to or reduced their stakes in the stock. Empowered Funds LLC increased its holdings in E.W. Scripps by 8.6% during the first quarter. Empowered Funds LLC now owns 316,113 shares of the company’s stock worth $936,000 after buying an additional 25,070 shares during the last quarter. Strs Ohio purchased a new position in E.W. Scripps in the first quarter valued at about $117,000. Acadian Asset Management LLC grew its position in shares of E.W. Scripps by 6.4% during the 2nd quarter. Acadian Asset Management LLC now owns 1,231,807 shares of the company’s stock valued at $3,618,000 after acquiring an additional 74,435 shares during the period. Geode Capital Management LLC grew 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 valued at $4,459,000 after acquiring an additional 10,957 shares during the period. Finally, Bailard Inc. increased its stake 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 last quarter. Institutional investors own 67.81% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Wells Fargo & Company raised their price objective on shares of E.W. Scripps from $3.00 to $3.90 and gave the company an “equal weight” rating in a research note on Thursday, January 22nd. Benchmark boosted their target price on shares of E.W. Scripps from $8.00 to $10.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. Guggenheim restated a “neutral” rating on shares of E.W. Scripps in a report on Friday, March 6th. Zacks Research cut shares of E.W. Scripps from a “hold” rating to a “strong sell” rating in a research report on Friday, February 27th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of E.W. Scripps in a research note on Monday, December 22nd. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price 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.