McClatchy Company (The) (MNI) Earns Daily Media Impact Rating of 0.39

News stories about McClatchy Company (The) (NYSE:MNI) have trended positive recently, Accern reports. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. McClatchy Company (The) earned a news impact score of 0.39 on Accern’s scale. Accern also assigned headlines about the company an impact score of 91 out of 100, indicating that recent press coverage is extremely likely to have an effect on the stock’s share price in the immediate future.

McClatchy Company (MNI) traded up 0.28% during mid-day trading on Wednesday, reaching $7.13. 34,424 shares of the company’s stock traded hands. The stock’s market capitalization is $54.34 million. McClatchy Company has a 52 week low of $6.64 and a 52 week high of $19.00. The stock’s 50 day moving average is $9.01 and its 200-day moving average is $10.19.

McClatchy Company (The) (NYSE:MNI) last posted its quarterly earnings data on Friday, July 21st. The company reported ($0.79) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.60) by $0.19. McClatchy Company (The) had a negative net margin of 14.81% and a negative return on equity of 13.89%. The firm had revenue of $225.12 million during the quarter, compared to analysts’ expectations of $229.70 million. On average, equities analysts anticipate that McClatchy Company will post ($6.11) EPS for the current year.

Several research analysts recently commented on the stock. Zacks Investment Research upgraded shares of McClatchy Company (The) from a “sell” rating to a “hold” rating in a research note on Thursday, July 6th. Noble Financial reissued a “buy” rating on shares of McClatchy Company (The) in a research report on Saturday, May 6th.

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In related news, major shareholder Contrarius Investment Manageme sold 19,840 shares of McClatchy Company (The) stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $8.30, for a total value of $164,672.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Craig I. Forman acquired 5,500 shares of the stock in a transaction that occurred on Friday, May 19th. The stock was purchased at an average price of $8.23 per share, for a total transaction of $45,265.00. Following the completion of the transaction, the insider now owns 9,200 shares in the company, valued at $75,716. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 50,891 shares of company stock worth $434,201. 34.91% of the stock is currently owned by insiders.

About McClatchy Company (The)

The McClatchy Company is a news and information publisher of various publications, such as the Miami Herald, The Kansas City Star, The Sacramento Bee, The Charlotte Observer, The (Raleigh) News and Observer, and the (Fort Worth) Star-Telegram. The Company’s segments include Western Segment and Eastern Segment.

Insider Buying and Selling by Quarter for McClatchy Company (The) (NYSE:MNI)

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