McClatchy VP Sells $160,571 in Stock (MNI)
McClatchy (NYSE:MNI) VP Christian Hendricks sold 35,213 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $4.56, for a total value of $160,571.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Separately, analysts at TheStreet downgraded shares of McClatchy from a “hold” rating to a “sell” rating in a research note on Wednesday, June 4th.
McClatchy (NYSE:MNI) traded down 2.19% during mid-day trading on Wednesday, hitting $4.46. 580,264 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 $5.04 and its 200-day moving average is $5.37. The company has a market cap of $386.9 million and a P/E ratio of 4.31.
McClatchy (NYSE:MNI) last issued its quarterly earnings data 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.
The McClatchy Company (NYSE:MNI) is a local media company.
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