McClatchy VP Unloads $101,948 in Stock (MNI)
McClatchy (NYSE:MNI) VP Morgan Karole Prager sold 22,357 shares of the company’s stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $4.56, for a total value of $101,947.92. Following the completion of the transaction, the vice president now directly owns 38,575 shares in the company, valued at approximately $175,902. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of McClatchy (NYSE:MNI) traded up 1.31% during mid-day trading on Monday, hitting $4.63. The stock had a trading volume of 414,415 shares. McClatchy has a 52 week low of $2.75 and a 52 week high of $7.39. The stock’s 50-day moving average is $5.1 and its 200-day moving average is $5.39. The company has a market cap of $401.5 million and a price-to-earnings ratio of 4.32.
McClatchy (NYSE:MNI) last posted its quarterly earnings results on Thursday, July 24th. The company reported $1.03 EPS for the quarter. The company had revenue of $292.00 million for the quarter, compared to the consensus estimate of $301.61 million. On average, analysts predict that McClatchy will post $0.33 earnings per share for the current fiscal year.
Separately, analysts at TheStreet downgraded shares of McClatchy from a “hold” rating to a “sell” rating in a research note on Wednesday, June 4th.
The McClatchy Company (NYSE:MNI) is a local media company.
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