Dimensional Fund Advisors LP Has $2.49 Million Stake in McClatchy Co (MNI)

Dimensional Fund Advisors LP cut its holdings in shares of McClatchy Co (NYSEAMERICAN:MNI) by 11.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 336,816 shares of the company’s stock after selling 43,966 shares during the period. Dimensional Fund Advisors LP owned approximately 0.07% of McClatchy worth $2,489,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Susquehanna International Group LLP acquired a new stake in shares of McClatchy during the 2nd quarter valued at about $942,000. Stifel Financial Corp grew its position in shares of McClatchy by 14.7% during the 2nd quarter. Stifel Financial Corp now owns 20,778 shares of the company’s stock valued at $197,000 after acquiring an additional 2,659 shares during the period. Finally, Tower Research Capital LLC TRC grew its position in shares of McClatchy by 1,102.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 10,845 shares of the company’s stock valued at $101,000 after acquiring an additional 9,943 shares during the period. Hedge funds and other institutional investors own 35.62% of the company’s stock.

Several equities research analysts recently issued reports on the company. Noble Financial reiterated a “hold” rating on shares of McClatchy in a report on Tuesday, October 24th. Zacks Investment Research cut McClatchy from a “hold” rating to a “strong sell” rating in a report on Thursday, October 26th. Finally, ValuEngine upgraded McClatchy from a “strong sell” rating to a “sell” rating in a report on Thursday, October 26th.

In other news, major shareholder Chatham Asset Management, Llc acquired 7,000 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were bought at an average cost of $9.88 per share, for a total transaction of $69,160.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last quarter, insiders purchased 20,608 shares of company stock worth $201,657. 34.91% of the stock is currently owned by insiders.

Shares of McClatchy Co (NYSEAMERICAN:MNI) opened at $8.99 on Thursday. The company has a quick ratio of 0.79, a current ratio of 0.85 and a debt-to-equity ratio of -93.38. McClatchy Co has a twelve month low of $5.75 and a twelve month high of $12.99. The stock has a market capitalization of $65.17, a PE ratio of -0.18 and a beta of 1.24.

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About McClatchy

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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Institutional Ownership by Quarter for McClatchy (NYSEAMERICAN:MNI)

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