Insider Selling: McClatchy VP Sells 59,716 Shares of Stock (MNI)
McClatchy (NYSE:MNI) VP Anders Gyllenhaal unloaded 59,716 shares of the company’s stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $4.42, for a total value of $263,944.72. Following the transaction, the vice president now directly owns 17,144 shares in the company, valued at approximately $75,776. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of McClatchy (NYSE:MNI) traded down 1.11% during mid-day trading on Friday, hitting $4.46. 443,485 shares of the company’s stock traded hands. McClatchy has a one year low of $2.75 and a one year high of $7.39. The stock’s 50-day moving average is $5.11 and its 200-day moving average is $5.38. The company has a market cap of $386.9 million and a P/E ratio of 4.27.
McClatchy (NYSE:MNI) last announced its 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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