Raymundo Jr. Granado Buys 4,984 Shares of E.W. Scripps (NASDAQ:SSP) Stock

E.W. Scripps Company (The) (NASDAQ:SSP) Director Raymundo Jr. Granado bought 4,984 shares of the firm’s stock in a transaction on Tuesday, March 10th. The stock was acquired at an average price of $4.59 per share, for a total transaction of $22,876.56. Following the transaction, the director owned 80,998 shares of the company’s stock, valued at approximately $371,780.82. The trade was a 6.56% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

E.W. Scripps Price Performance

Shares of SSP traded down $0.29 during mid-day trading on Wednesday, reaching $4.12. The company had a trading volume of 372,366 shares, compared to its average volume of 569,829. The company has a market capitalization of $365.41 million, a price-to-earnings ratio of -2.20 and a beta of 0.54. 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’s 50 day simple moving average is $3.70 and its 200 day simple moving average is $3.40. E.W. Scripps Company has a 1-year low of $1.72 and a 1-year high of $4.98.

E.W. Scripps (NASDAQ:SSP) last released its quarterly earnings data on Wednesday, February 25th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.52). The company 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%. Analysts expect that E.W. Scripps Company will post 1.07 EPS for the current year.

E.W. Scripps News Summary

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

• Positive Sentiment: Large, high‑visibility insider purchases — Margaret Scripps Klenzing bought ~159,515 shares (~27% increase to her holding) at about $4.64, signaling material insider confidence that can support buying interest. SEC Filing – Margaret Scripps Klenzing
• Positive Sentiment: Additional coordinated buys by major shareholders (Corina S. Granado ~79,758 shares; Eaton M. Scripps ~41,017 shares; Anthony S. Granado and Elizabeth Scripps multiple purchases) reinforce the bullish insider signal — suggests insiders are accumulating around the mid‑$4s. (Corina SEC filing: Read More.; Eaton filing: Read More.; Elizabeth filing: Read More..)
• Positive Sentiment: Broker consensus target implies upside — analysts’ average price target reported at $6.95, materially above current trading levels, which can attract investors seeking upside if execution improves. E.W. Scripps Company (The) (NASDAQ:SSP) Receives $6.95 Average Price Target from Brokerages
• Neutral Sentiment: Short‑interest data in the reports is inconsistent and shows zero shares/NaN changes — treat short‑pressure signals as unreliable until an exchange‑confirmed short interest report is available; no clear short squeeze or added downward pressure can be inferred from these snapshots.
• Negative Sentiment: Recent fundamentals are a headwind — Scripps missed Q4 EPS expectations (reported ($0.06) vs. consensus ~$0.46 on Feb. 25) and carries a high debt/equity ratio (~3.13). Those items increase downside risk if revenue or margins don’t improve. (See company earnings disclosure and MarketBeat summary for details.)

Institutional Trading of E.W. Scripps

Institutional investors have recently added to or reduced their stakes in the stock. D Orazio & Associates Inc. acquired a new stake in E.W. Scripps during the 3rd quarter valued at approximately $27,000. M&T Bank Corp bought a new stake in shares of E.W. Scripps in the 4th quarter valued at $47,000. State of Alaska Department of Revenue acquired a new stake in shares of E.W. Scripps during the fourth quarter worth $47,000. Franklin Resources Inc. bought a new position in E.W. Scripps during the third quarter worth $30,000. Finally, Pinnacle Associates Ltd. acquired a new position in E.W. Scripps in the fourth quarter valued at $50,000. 67.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on SSP. Wells Fargo & Company boosted 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. Benchmark boosted their price target on E.W. Scripps from $8.00 to $10.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Weiss Ratings reiterated a “sell (d+)” rating on shares of E.W. Scripps in a report on Monday, December 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. Finally, Guggenheim reaffirmed a “neutral” rating on shares of E.W. Scripps in a research note on Friday. 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. Based on data from MarketBeat.com, E.W. Scripps presently has a consensus rating of “Reduce” and an average target price 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.