Gamco Investors INC. ET AL Has $5.97 Million Stock Holdings in E.W. Scripps Company (The) $SSP

Gamco Investors INC. ET AL lowered its stake in E.W. Scripps Company (The) (NASDAQ:SSP) by 6.7% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 2,425,680 shares of the company’s stock after selling 173,741 shares during the period. Gamco Investors INC. ET AL’s holdings in E.W. Scripps were worth $5,967,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of SSP. D Orazio & Associates Inc. acquired a new stake in E.W. Scripps during the third quarter worth approximately $27,000. Oxford Asset Management LLP bought a new stake in shares of E.W. Scripps during the second quarter worth approximately $46,000. Envestnet Asset Management Inc. acquired a new position in shares of E.W. Scripps in the third quarter valued at approximately $53,000. Osaic Holdings Inc. grew its position in shares of E.W. Scripps by 98.9% in the second quarter. Osaic Holdings Inc. now owns 25,818 shares of the company’s stock valued at $76,000 after purchasing an additional 12,835 shares during the last quarter. Finally, Kathmere Capital Management LLC increased its stake in shares of E.W. Scripps by 86.0% during the third quarter. Kathmere Capital Management LLC now owns 27,907 shares of the company’s stock worth $69,000 after purchasing an additional 12,904 shares during the period. 67.81% of the stock is owned by institutional investors.

Insider Transactions at E.W. Scripps

In related news, major shareholder Corina S. Granado bought 260,000 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The stock was purchased at an average price of $3.91 per share, with a total value of $1,016,600.00. Following the completion of the acquisition, the insider owned 590,275 shares of the company’s stock, valued at $2,307,975.25. The trade was a 78.72% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Adam Symson purchased 26,910 shares of E.W. Scripps stock in a transaction dated Tuesday, March 3rd. The stock was bought at an average price of $3.69 per share, for a total transaction of $99,297.90. Following the completion of the purchase, the chief executive officer owned 1,164,457 shares in the company, valued at $4,296,846.33. This represents a 2.37% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have purchased 796,801 shares of company stock valued at $3,286,592. Company insiders own 3.62% of the company’s stock.

E.W. Scripps Trading Up 3.6%

Shares of SSP stock opened at $4.57 on Monday. E.W. Scripps Company has a fifty-two week low of $1.36 and a fifty-two week high of $4.98. The stock’s fifty day moving average price is $3.68 and its two-hundred day moving average price is $3.38. The company has a debt-to-equity ratio of 3.13, a quick ratio of 1.65 and a current ratio of 1.65. The company has a market cap of $405.83 million, a PE ratio of -2.44 and a beta of 0.54.

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

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SSP. Zacks Research cut E.W. Scripps from a “hold” rating to a “strong sell” rating in a report on Friday, February 27th. Benchmark upped their price objective on E.W. Scripps from $8.00 to $10.00 and gave the company a “buy” rating in a report on Friday, February 27th. Wells Fargo & Company increased their price objective on 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. Weiss Ratings reissued a “sell (d+)” rating on shares of E.W. Scripps in a research report on Monday, December 22nd. Finally, Guggenheim restated a “neutral” rating on shares of E.W. Scripps in a research note on Friday. One research 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 data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $6.95.

Key Headlines Impacting 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.

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.