Elizabeth Scripps Buys 3,077 Shares of E.W. Scripps (NASDAQ:SSP) Stock

E.W. Scripps Company (The) (NASDAQ:SSP) major shareholder Elizabeth Scripps purchased 3,077 shares of the company’s stock in a transaction dated Friday, March 6th. The stock was purchased at an average price of $4.64 per share, with a total value of $14,277.28. Following the transaction, the insider owned 13,421 shares of the company’s stock, valued at approximately $62,273.44. This represents a 29.75% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Thursday, March 5th, Elizabeth Scripps acquired 2,324 shares of E.W. Scripps stock. The stock was acquired at an average price of $4.43 per share, for a total transaction of $10,295.32.
• On Wednesday, March 4th, Elizabeth Scripps bought 2,099 shares of E.W. Scripps stock. The shares were acquired at an average price of $4.17 per share, with a total value of $8,752.83.

E.W. Scripps Stock Performance

Shares of SSP opened at $4.17 on Thursday. 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 P/E ratio of -2.23 and a beta of 0.54. The company has a 50-day moving average of $3.70 and a two-hundred day moving average of $3.40. E.W. Scripps Company has a 12-month low of $1.72 and a 12-month high of $4.98.

E.W. Scripps (NASDAQ:SSP) last released its quarterly earnings results on Wednesday, February 25th. The company reported ($0.06) 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 business had revenue of $560.26 million during the quarter, compared to analyst estimates of $550.82 million. As a group, research analysts predict that E.W. Scripps Company will post 1.07 EPS for the current fiscal year.

Institutional Trading of E.W. Scripps

A number of institutional investors have recently modified their holdings of the company. Penn Capital Management Company LLC increased its position in E.W. Scripps by 151.7% during the 3rd quarter. Penn Capital Management Company LLC now owns 3,599,606 shares of the company’s stock worth $8,864,000 after purchasing an additional 2,169,640 shares in the last quarter. New York State Common Retirement Fund lifted its position in E.W. Scripps by 142.3% during the third 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. Russell Investments Group Ltd. grew its stake in E.W. Scripps by 886.8% during the third 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 period. Charles Schwab Investment Management Inc. increased its position in shares of E.W. Scripps by 22.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,722,317 shares of the company’s stock worth $18,842,000 after acquiring an additional 871,159 shares in the last quarter. Finally, Federated Hermes Inc. raised its stake in shares of E.W. Scripps by 82.5% in 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. Hedge funds and other institutional investors own 67.81% of the company’s stock.

Key E.W. Scripps News

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

• Positive Sentiment: Coordinated insider buying spree: multiple insiders and large shareholders (directors and family holders) added shares across March 9–10 and March 6, a visible, concentrated round of purchases that typically signals management/owner confidence and can reduce available float, supporting the stock. Read More.
• Positive Sentiment: Huge single insider buy: Margaret Scripps Klenzing purchased 159,515 shares at roughly $4.64, a ~27% increase in her holding — a high‑visibility transaction that reinforces the message from other insider purchases. Read More.
• Positive Sentiment: Analyst upside: brokerages’ consensus target is materially higher (~$6.95 average), giving investors a valuation rationale for buying at current levels. Read More.
• Neutral Sentiment: Short-interest figures reported in the feed are inconsistent (showing 0 shares / NaN changes) — there’s no clear short‑squeeze or short pressure signal until reliable exchange short-interest data posts.
• Negative Sentiment: Fundamentals and balance‑sheet risks persist: Scripps missed EPS estimates in the Feb. 25 quarter and carries a high debt-to-equity (~3.13). Those issues can limit sustained rally unless operating results or guidance improve. Read More.

Analyst Ratings Changes

A number of analysts recently commented on the company. Wells Fargo & Company increased their price objective on 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. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of E.W. Scripps in a research note on Monday, December 22nd. Benchmark lifted their price target on shares of E.W. Scripps from $8.00 to $10.00 and gave the stock a “buy” rating in a report on Friday, February 27th. 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 restated a “neutral” rating on shares of E.W. Scripps in a research report on Friday, March 6th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, E.W. Scripps currently has an average rating of “Reduce” and an average price target 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.