Royce & Associates LP reduced its position in shares of McClatchy Co (NYSEAMERICAN:MNI) by 7.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 560,398 shares of the company’s stock after selling 44,300 shares during the period. Royce & Associates LP owned 10.82% of McClatchy worth $4,141,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of MNI. Dimensional Fund Advisors LP boosted its holdings in shares of McClatchy by 0.8% during the first quarter. Dimensional Fund Advisors LP now owns 366,612 shares of the company’s stock worth $3,545,000 after purchasing an additional 2,843 shares during the period. Hancock Holding Co. purchased a new stake in McClatchy in the second quarter worth about $181,000. Stifel Financial Corp lifted its holdings in McClatchy by 14.7% in 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 during the period. Tower Research Capital LLC TRC lifted its holdings in McClatchy by 1,102.3% in 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 during the period. Finally, Susquehanna International Group LLP purchased a new stake in McClatchy in the second quarter worth about $942,000. Institutional investors own 35.62% of the company’s stock.
Several analysts have commented on the stock. ValuEngine lowered shares of McClatchy from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. Zacks Investment Research upgraded shares of McClatchy from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. Finally, Noble Financial restated a “hold” rating on shares of McClatchy in a report on Tuesday, October 24th.
McClatchy (NYSEAMERICAN:MNI) last announced its earnings results on Monday, October 16th. The company reported ($0.78) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.55) by ($0.23). The business had revenue of $212.60 million for the quarter, compared to analyst estimates of $223.96 million.
In other McClatchy news, major shareholder Chatham Asset Management, Llc bought 61,930 shares of the firm’s stock in a transaction on Monday, October 16th. The stock was acquired at an average price of $7.44 per share, with a total value of $460,759.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have acquired 471,771 shares of company stock valued at $4,081,673 in the last ninety days. Insiders own 34.91% of the company’s stock.
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.
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