E.W. Scripps (NASDAQ:SSP) Major Shareholder Buys $170,749.92 in Stock

Key Points

• Major insider buying: Savannah Brickner purchased 38,544 shares on March 9 at $4.43 (~$170,750) and added 27,682 shares on March 10 at $4.59 (~$127,060), part of a broader wave of family/insider purchases including a 159,515‑share buy by Margaret Scripps Klenzing.
• Despite the insider buys, SSP shares traded down about 5.2% to $4.17; the company missed quarterly EPS (‑$0.06 vs. $0.46) and carries a high debt‑to‑equity ratio (~3.13), while analysts remain mixed with a consensus "Reduce" but an average price target of $6.95 implying upside.

E.W. Scripps Company (The) (NASDAQ:SSP - Get Free Report) major shareholder Savannah Brickner acquired 38,544 shares of the company's stock in a transaction on Monday, March 9th. The stock was acquired at an average cost of $4.43 per share, with a total value of $170,749.92. Following the completion of the purchase, the insider directly owned 38,544 shares in the company, valued at approximately $170,749.92. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Large shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.

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

• On Tuesday, March 10th, Savannah Brickner bought 27,682 shares of E.W. Scripps stock. The shares were acquired at an average price of $4.59 per share, for a total transaction of $127,060.38.

E.W. Scripps Stock Down 5.2%

Shares of NASDAQ:SSP traded down $0.23 during trading on Wednesday, reaching $4.17. The company's stock had a trading volume of 921,662 shares, compared to its average volume of 627,969. E.W. Scripps Company has a 12 month low of $1.72 and a 12 month high of $4.98. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 3.13. The firm's 50 day simple moving average is $3.70 and its two-hundred day simple moving average is $3.40.

E.W. Scripps (NASDAQ:SSP - Get Free Report) last issued its quarterly earnings data on Wednesday, February 25th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $560.26 million for the quarter, compared to the consensus estimate of $550.82 million. Sell-side analysts expect that E.W. Scripps Company will post 1.07 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on SSP shares. Weiss Ratings restated a "sell (d+)" rating on shares of E.W. Scripps in a research report on Monday, December 22nd. Benchmark boosted their price objective on shares of E.W. Scripps from $8.00 to $10.00 and gave the company a "buy" rating in a research report on Friday, February 27th. Guggenheim restated a "neutral" rating on shares of E.W. Scripps in a report on Friday, March 6th. Wells Fargo & Company lifted their price target on shares of E.W. Scripps from $3.00 to $3.90 and gave the stock an "equal weight" rating in a research note on Thursday, January 22nd. Finally, Zacks Research downgraded shares of E.W. Scripps from a "hold" rating to a "strong sell" rating in a 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Reduce" and an average price target of $6.95.

Institutional Trading of E.W. Scripps

Several institutional investors and hedge funds have recently made changes to their positions in SSP. D Orazio & Associates Inc. bought a new position in shares of E.W. Scripps in the third quarter worth about $27,000. Franklin Resources Inc. bought a new stake in E.W. Scripps during the 3rd quarter valued at about $30,000. Northwestern Mutual Wealth Management Co. boosted its position in E.W. Scripps by 67.1% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 14,923 shares of the company's stock valued at $37,000 after buying an additional 5,992 shares during the period. Squarepoint Ops LLC bought a new position in E.W. Scripps in the 3rd quarter worth about $42,000. Finally, NewEdge Advisors LLC bought a new position in E.W. Scripps in the 3rd quarter worth about $42,000. 67.81% of the stock is currently owned by institutional investors.

E.W. Scripps News Summary

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.

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