Savannah Brickner Purchases 27,682 Shares of E.W. Scripps (NASDAQ:SSP) Stock

E.W. Scripps Company (The) (NASDAQ:SSP) major shareholder Savannah Brickner acquired 27,682 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The stock was purchased at an average price of $4.59 per share, for a total transaction of $127,060.38. Following the acquisition, the insider directly owned 66,226 shares of the company’s stock, valued at $303,977.34. The trade was a 71.82% increase in their position. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Savannah Brickner also recently made the following trade(s):

• On Monday, March 9th, Savannah Brickner bought 38,544 shares of E.W. Scripps stock. The stock was acquired at an average price of $4.43 per share, with a total value of $170,749.92.

E.W. Scripps Trading Down 5.2%

SSP stock traded down $0.23 during trading hours on Wednesday, hitting $4.17. The company’s stock had a trading volume of 921,662 shares, compared to its average volume of 627,969. 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 Company has a 12 month low of $1.72 and a 12 month high of $4.98. The stock has a 50 day moving average price of $3.70 and a two-hundred day moving average price of $3.40.

E.W. Scripps (NASDAQ:SSP) last released its quarterly earnings results on Wednesday, February 25th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $550.82 million. Analysts predict that E.W. Scripps Company will post 1.07 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of SSP. Invesco Ltd. boosted its holdings in E.W. Scripps by 1.4% during the fourth quarter. Invesco Ltd. now owns 246,777 shares of the company’s stock valued at $985,000 after acquiring an additional 3,472 shares during the period. Empowered Funds LLC increased its stake in shares of E.W. Scripps by 11.1% in the fourth quarter. Empowered Funds LLC now owns 427,036 shares of the company’s stock worth $1,704,000 after purchasing an additional 42,542 shares during the period. Stokes Family Office LLC bought a new position in shares of E.W. Scripps in the fourth quarter worth about $75,000. Bridgeway Capital Management LLC lifted its position in shares of E.W. Scripps by 13.7% during the 4th quarter. Bridgeway Capital Management LLC now owns 808,936 shares of the company’s stock worth $3,228,000 after purchasing an additional 97,542 shares during the last quarter. Finally, GAM Holding AG bought a new stake in E.W. Scripps during the 4th quarter valued at approximately $319,000. Institutional investors and hedge funds own 67.81% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on SSP. Zacks Research lowered E.W. Scripps from a “hold” rating to a “strong sell” rating in a report on Friday, February 27th. Benchmark increased 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 raised 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. Guggenheim restated a “neutral” rating on shares of E.W. Scripps in a report on Friday, March 6th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of E.W. Scripps in a research report on Monday, December 22nd. One equities 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 company. According to MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $6.95.

Key Headlines Impacting E.W. Scripps

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

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.