Anthony Granado Buys 5,742 Shares of E.W. Scripps (NASDAQ:SSP) Stock

E.W. Scripps Company (The) (NASDAQ:SSP) major shareholder Anthony Granado bought 5,742 shares of the stock in a transaction on Friday, March 6th. The shares were acquired at an average cost of $4.64 per share, with a total value of $26,642.88. Following the acquisition, the insider directly owned 34,660 shares in the company, valued at approximately $160,822.40. This trade represents a 19.86% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 Trading Down 4.3%

Shares of E.W. Scripps stock traded down $0.20 on Tuesday, hitting $4.40. 1,133,842 shares of the company’s stock traded hands, compared to its average volume of 575,071. The firm’s 50-day moving average price is $3.69 and its two-hundred day moving average price is $3.39. The company has a debt-to-equity ratio of 3.13, a current ratio of 1.65 and a quick ratio of 1.65. The stock has a market capitalization of $390.72 million, a PE ratio of -2.35 and a beta of 0.53. E.W. Scripps Company has a one year low of $1.36 and a one year high of $4.98.

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

Analyst Ratings Changes

Several research firms have recently issued reports on SSP. Guggenheim restated a “neutral” rating on shares of E.W. Scripps in a research report on Friday. Wells Fargo & Company boosted 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 report on Thursday, January 22nd. Zacks Research lowered shares of E.W. Scripps from a “hold” rating to a “strong sell” rating in a report on Friday, February 27th. Weiss Ratings reissued a “sell (d+)” rating on shares of E.W. Scripps in a research report on Monday, December 22nd. Finally, Benchmark boosted their price target on shares of E.W. Scripps from $8.00 to $10.00 and gave the company a “buy” rating in a report on Friday, February 27th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $6.95.

Hedge Funds Weigh In On E.W. Scripps

Several institutional investors have recently modified their holdings of the business. XTX Topco Ltd increased its stake in E.W. Scripps by 47.2% during the 2nd quarter. XTX Topco Ltd now owns 351,406 shares of the company’s stock worth $1,033,000 after purchasing an additional 112,608 shares in the last quarter. New York State Common Retirement Fund raised its holdings in E.W. Scripps by 142.3% during 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 during the period. Teton Advisors LLC bought a new position in E.W. Scripps in the third quarter valued at approximately $728,000. Acadian Asset Management LLC lifted its stake in E.W. Scripps by 6.4% in the second quarter. Acadian Asset Management LLC now owns 1,231,807 shares of the company’s stock valued at $3,618,000 after buying an additional 74,435 shares in the last quarter. Finally, Bailard Inc. boosted its holdings 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 period. Institutional investors own 67.81% of the company’s stock.

E.W. Scripps News Roundup

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

• Positive Sentiment: Large insider buying from the Scripps family and related major shareholders — several disclosed purchases on March 6–9 that increase insider ownership meaningfully (combined purchases ~296k shares). Notable moves: Margaret Scripps Klenzing bought 159,515 shares (27.4% increase in her stake) at $4.64; Eaton M. Scripps bought 41,017 shares (3.0% increase) at $4.64; Corina S. Granado bought 79,758 shares (11.1% increase) at $4.64; Anthony S. Granado and Elizabeth Scripps also added shares. Insider buys at or near the current trading level signal confidence from large owners and can be viewed as a bullish vote of confidence. Margaret Scripps Klenzing filing Eaton M. Scripps filing Corina S. Granado filing Anthony S. Granado filings Elizabeth Scripps filing
• Neutral Sentiment: Short interest reports for March 9–10 show zero reported short positions and display erroneous “NaN” changes — data appears unreliable or not updated. With reported short interest effectively at 0 shares and a 0.0 days-to-cover metric, there is no clear short-seller pressure indicated by these filings; investors should treat these figures cautiously and watch for corrected data from exchanges.

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.