McClatchy Co (NYSE:MNI) major shareholder Contrarius Investment Manageme sold 11,707 shares of the stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $9.24, for a total value of $108,172.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Contrarius Investment Manageme also recently made the following trade(s):

  • On Tuesday, May 23rd, Contrarius Investment Manageme sold 2,600 shares of McClatchy stock. The stock was sold at an average price of $8.75, for a total value of $22,750.00.
  • On Monday, May 22nd, Contrarius Investment Manageme sold 5,122 shares of McClatchy stock. The stock was sold at an average price of $8.50, for a total value of $43,537.00.
  • On Friday, May 19th, Contrarius Investment Manageme sold 9,700 shares of McClatchy stock. The stock was sold at an average price of $8.20, for a total value of $79,540.00.
  • On Thursday, May 18th, Contrarius Investment Manageme sold 1,922 shares of McClatchy stock. The stock was sold at an average price of $8.08, for a total value of $15,529.76.
  • On Wednesday, May 17th, Contrarius Investment Manageme sold 19,840 shares of McClatchy stock. The stock was sold at an average price of $8.30, for a total value of $164,672.00.
  • On Friday, April 7th, Contrarius Investment Manageme sold 2,858 shares of McClatchy stock. The stock was sold at an average price of $9.70, for a total value of $27,722.60.
  • On Thursday, April 6th, Contrarius Investment Manageme sold 10,092 shares of McClatchy stock. The shares were sold at an average price of $9.62, for a total value of $97,085.04.
  • On Wednesday, April 5th, Contrarius Investment Manageme sold 17,187 shares of McClatchy stock. The shares were sold at an average price of $9.38, for a total value of $161,214.06.
  • On Tuesday, April 4th, Contrarius Investment Manageme sold 18,871 shares of McClatchy stock. The shares were sold at an average price of $9.42, for a total value of $177,764.82.
  • On Monday, April 3rd, Contrarius Investment Manageme sold 14,000 shares of McClatchy stock. The shares were sold at an average price of $9.77, for a total value of $136,780.00.

McClatchy Co (NYSE:MNI) traded up 1.77% on Thursday, hitting $9.75. The stock had a trading volume of 13,114 shares. The company has a 50 day moving average of $10.02 and a 200 day moving average of $11.76. McClatchy Co has a 12-month low of $8.01 and a 12-month high of $19.77. The company’s market capitalization is $74.30 million.

McClatchy (NYSE:MNI) last released its quarterly earnings data on Thursday, May 4th. The company reported ($1.91) earnings per share (EPS) for the quarter. The company had revenue of $221.21 million for the quarter. McClatchy had a negative return on equity of 7.13% and a negative net margin of 3.50%. On average, equities analysts expect that McClatchy Co will post ($2.48) earnings per share for the current year.

Insider Buying and Selling by Quarter for McClatchy (NYSE:MNI)

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Institutional investors have recently added to or reduced their stakes in the company. Royce & Associates LP boosted its position in McClatchy by 2.0% in the fourth quarter. Royce & Associates LP now owns 639,704 shares of the company’s stock worth $8,431,000 after buying an additional 12,500 shares during the period. Dimensional Fund Advisors LP raised its stake in McClatchy by 0.8% in the first quarter. Dimensional Fund Advisors LP now owns 366,612 shares of the company’s stock worth $3,545,000 after buying an additional 2,843 shares in the last quarter. Highbridge Capital Management LLC acquired a new stake in McClatchy during the first quarter worth $540,000. Whitebox Advisors LLC acquired a new stake in McClatchy during the first quarter worth $484,000. Finally, Geode Capital Management LLC raised its stake in McClatchy by 1.3% in the first quarter. Geode Capital Management LLC now owns 37,803 shares of the company’s stock worth $365,000 after buying an additional 483 shares in the last quarter. 41.36% of the stock is currently owned by institutional investors.

MNI has been the subject of a number of recent analyst reports. Zacks Investment Research raised McClatchy from a “sell” rating to a “hold” rating in a report on Saturday, February 11th. Noble Financial reaffirmed a “buy” rating on shares of McClatchy in a report on Saturday, May 6th.

About McClatchy

The McClatchy Company is a news and information publisher of various publications, such as the Miami Herald, The Kansas City Star, 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.

12 Month Chart for NYSE:MNI

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