Insider Selling: Christian Hendricks Sells 111 Shares of The McClatchy Company Stock (MNI)
The McClatchy Company (NYSE:MNI) VP Christian Hendricks sold 111 shares of The McClatchy Company stock on the open market in a transaction dated Monday, August 18th. The shares were sold at an average price of $4.51, for a total value of $500.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
The McClatchy Company (NYSE:MNI) opened at 4.46 on Thursday. The McClatchy Company has a 52 week low of $2.75 and a 52 week high of $7.39. The stock has a 50-day moving average of $4.99 and a 200-day moving average of $5.37. The company has a market cap of $386.9 million and a P/E ratio of 4.22.
The McClatchy Company (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. Analysts expect that The McClatchy Company will post $0.33 EPS for the current fiscal year.
Separately, analysts at TheStreet downgraded shares of The McClatchy Company 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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