E.W. Scripps (NASDAQ:SSP) Major Shareholder Corina Granado Acquires 60,266 Shares of Stock

E.W. Scripps Company (The) (NASDAQ:SSP) major shareholder Corina Granado bought 60,266 shares of E.W. Scripps stock in a transaction dated Thursday, March 5th. The shares were bought at an average price of $4.43 per share, for a total transaction of $266,978.38. Following the completion of the transaction, the insider directly owned 720,517 shares of the company’s stock, valued at $3,191,890.31. This represents a 9.13% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

E.W. Scripps Stock Performance

SSP stock opened at $4.57 on Friday. The company has a 50 day moving average price of $3.68 and a 200 day moving average price of $3.37. E.W. Scripps Company has a fifty-two week low of $1.36 and a fifty-two week high of $4.98. The company has a debt-to-equity ratio of 3.13, a current ratio of 1.65 and a quick ratio of 1.61. The stock has a market capitalization of $405.82 million, a PE ratio of -2.44 and a beta of 0.54.

E.W. Scripps (NASDAQ:SSP) last released its earnings results on Wednesday, February 25th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.46 by ($0.52). The firm had revenue of $560.26 million during the quarter, compared to analyst estimates of $550.82 million. E.W. Scripps had a negative net margin of 4.69% and a negative return on equity of 0.27%. Analysts forecast that E.W. Scripps Company will post 1.07 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Guggenheim reiterated a “neutral” rating on shares of E.W. Scripps in a research report on Friday. Weiss Ratings restated a “sell (d+)” rating on shares of E.W. Scripps in a report on Monday, December 22nd. Benchmark lifted their target price on shares of E.W. Scripps from $8.00 to $10.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Zacks Research cut shares of E.W. Scripps from a “hold” rating to a “strong sell” rating in a research report on Friday, February 27th. Finally, Wells Fargo & Company increased their price target 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. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $6.95.

E.W. Scripps News Summary

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.

Institutional Investors Weigh In On E.W. Scripps

Large investors have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its position in shares of E.W. Scripps by 22.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,722,317 shares of the company’s stock worth $18,842,000 after purchasing an additional 871,159 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in E.W. Scripps by 1.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,671,714 shares of the company’s stock worth $14,650,000 after buying an additional 60,729 shares during the period. Penn Capital Management Company LLC lifted its holdings in E.W. Scripps by 151.7% during the third quarter. Penn Capital Management Company LLC now owns 3,599,606 shares of the company’s stock worth $8,864,000 after acquiring an additional 2,169,640 shares in the last quarter. Gamco Investors INC. ET AL grew its stake in E.W. Scripps by 0.7% in the fourth quarter. Gamco Investors INC. ET AL now owns 2,442,039 shares of the company’s stock valued at $9,744,000 after acquiring an additional 16,359 shares during the period. Finally, New York State Common Retirement Fund increased its holdings in shares of E.W. Scripps by 142.3% in the third quarter. New York State Common Retirement Fund now owns 2,318,987 shares of the company’s stock worth $5,705,000 after acquiring an additional 1,361,721 shares in the last quarter. Institutional investors own 67.81% of the company’s stock.

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.