McClatchy Co (NYSE:MNI) major shareholder Chatham Asset Management, Llc purchased 76,344 shares of the stock in a transaction on Friday, October 13th. The shares were purchased at an average price of $7.84 per share, with a total value of $598,536.96. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
Chatham Asset Management, Llc also recently made the following trade(s):
- On Monday, October 16th, Chatham Asset Management, Llc purchased 61,930 shares of McClatchy stock. The shares were purchased at an average price of $7.44 per share, with a total value of $460,759.20.
Shares of McClatchy Co (MNI) opened at 7.6699 on Thursday. McClatchy Co has a 12 month low of $5.75 and a 12 month high of $18.94. The stock’s market cap is $58.46 million. The stock’s 50 day moving average is $7.60 and its 200 day moving average is $8.76.
McClatchy (NYSE:MNI) last released its quarterly earnings results on Monday, October 16th. The company reported ($0.78) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.55) by ($0.23). McClatchy had a negative return on equity of 2,313.90% and a negative net margin of 16.63%. The company had revenue of $212.60 million for the quarter, compared to analyst estimates of $223.96 million. Analysts predict that McClatchy Co will post ($6.11) earnings per share for the current fiscal year.
Several hedge funds have recently added to or reduced their stakes in the company. Susquehanna International Group LLP acquired a new stake in shares of McClatchy during the second quarter worth approximately $942,000. Tower Research Capital LLC TRC grew its position in shares of McClatchy by 1,102.3% during the second quarter. Tower Research Capital LLC TRC now owns 10,845 shares of the company’s stock worth $101,000 after buying an additional 9,943 shares in the last quarter. Stifel Financial Corp grew its position in shares of McClatchy by 14.7% during the second quarter. Stifel Financial Corp now owns 20,778 shares of the company’s stock worth $197,000 after buying an additional 2,659 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of McClatchy by 3.9% during the second quarter. Dimensional Fund Advisors LP now owns 380,782 shares of the company’s stock worth $3,557,000 after buying an additional 14,170 shares in the last quarter. Finally, Hancock Holding Co. acquired a new stake in shares of McClatchy during the second quarter worth approximately $181,000. 35.62% of the stock is owned by institutional investors and hedge funds.
Several research firms have commented on MNI. Zacks Investment Research upgraded shares of McClatchy from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. Noble Financial reiterated a “hold” rating on shares of McClatchy in a report on Sunday, September 10th. Finally, ValuEngine cut shares of McClatchy from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st.
The McClatchy Company is a news and information publisher of various publications, such as the Miami Herald, 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. Its Western Segment consists of its newspaper operations in California, the Northwest and the Midwest.
Receive News & Ratings for McClatchy Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McClatchy Co and related companies with MarketBeat.com's FREE daily email newsletter.