Insider Buying: E.W. Scripps (NASDAQ:SSP) Major Shareholder Acquires $17,920.00 in Stock

E.W. Scripps Company (The) (NASDAQ:SSP) major shareholder Austin Heidt bought 4,000 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The shares were acquired at an average price of $4.48 per share, for a total transaction of $17,920.00. Following the transaction, the insider directly owned 4,000 shares in the company, valued at approximately $17,920. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

E.W. Scripps Price Performance

NASDAQ:SSP traded down $0.23 during trading hours on Wednesday, hitting $4.17. 921,662 shares of the stock were exchanged, compared to its average volume of 627,969. The company has a market cap of $370.30 million, a P/E ratio of -2.23 and a beta of 0.54. The firm’s fifty day moving average price is $3.70 and its 200 day moving average price is $3.40. E.W. Scripps Company has a 52-week low of $1.72 and a 52-week 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.

E.W. Scripps (NASDAQ:SSP) last announced its 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). The business had revenue of $560.26 million for the quarter, compared to analyst estimates of $550.82 million. E.W. Scripps had a negative return on equity of 0.27% and a negative net margin of 4.69%. As a group, equities research analysts anticipate that E.W. Scripps Company will post 1.07 EPS for the current fiscal year.

Hedge Funds Weigh In On E.W. Scripps

Institutional investors and hedge funds have recently modified their holdings of the company. D Orazio & Associates Inc. acquired a new stake in E.W. Scripps during the third quarter worth approximately $27,000. M&T Bank Corp purchased a new stake in E.W. Scripps in the 4th quarter valued at about $47,000. State of Alaska Department of Revenue acquired a new position in shares of E.W. Scripps during the 4th quarter valued at about $47,000. Franklin Resources Inc. acquired a new stake in shares of E.W. Scripps in the third quarter worth approximately $30,000. Finally, Pinnacle Associates Ltd. purchased a new stake in E.W. Scripps in the fourth quarter valued at approximately $50,000. Hedge funds and other institutional investors own 67.81% of the company’s stock.

More E.W. Scripps News

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

Several equities analysts recently commented on the company. Guggenheim reissued a “neutral” rating on shares of E.W. Scripps in a report on Friday, March 6th. Weiss Ratings reissued a “sell (d+)” rating on shares of E.W. Scripps in a research report on Monday, December 22nd. Benchmark lifted their price target on E.W. Scripps from $8.00 to $10.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. Wells Fargo & Company raised 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, Zacks Research cut E.W. Scripps from a “hold” rating to a “strong sell” rating in a research report on Friday, February 27th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, E.W. Scripps currently has an average 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.