McClatchy Company (The) (NYSE:MNI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Thursday.

According to Zacks, “McClatchy Company is a newspaper and Internet publisher. It publishes daily and non-daily newspapers located in western coastal states, North and South Carolina and Minnesota. McClatchy also publishes a local website in each of its daily newspaper markets, offering readers information, comprehensive news, advertising, e-commerce and other services. McClatchy also owns and operates other media-related businesses, including Nando Media, a national on-line publishing operation, and The Newspaper Network, a national newspaper marketing company. (Company Press Release) “

A number of other research firms also recently weighed in on MNI. Noble Financial reaffirmed a “hold” rating on shares of McClatchy Company (The) in a research note on Friday, July 21st. ValuEngine downgraded shares of McClatchy Company (The) from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st.

McClatchy Company (MNI) traded down 7.05% during mid-day trading on Thursday, reaching $7.25. 57,306 shares of the company traded hands. The stock’s market capitalization is $55.26 million. McClatchy Company has a 52-week low of $5.75 and a 52-week high of $19.00. The stock has a 50-day moving average of $7.22 and a 200 day moving average of $9.23.

McClatchy Company (The) (NYSE:MNI) last posted its quarterly earnings results on Friday, July 21st. The company reported ($0.79) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.60) by ($0.19). The company had revenue of $225.12 million for the quarter, compared to analysts’ expectations of $229.70 million. McClatchy Company (The) had a negative return on equity of 13.89% and a negative net margin of 14.81%. Equities research analysts expect that McClatchy Company will post ($6.11) earnings per share for the current year.

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Several institutional investors have recently added to or reduced their stakes in MNI. Stifel Financial Corp increased its position in shares of McClatchy Company (The) by 9.3% in the first quarter. Stifel Financial Corp now owns 18,119 shares of the company’s stock worth $181,000 after acquiring an additional 1,535 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of McClatchy Company (The) 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 acquiring an additional 2,843 shares in the last quarter. Highbridge Capital Management LLC acquired a new stake in shares of McClatchy Company (The) in the first quarter worth $540,000. Whitebox Advisors LLC acquired a new stake in shares of McClatchy Company (The) in the first quarter worth $484,000. Finally, Hancock Holding Co. acquired a new stake in shares of McClatchy Company (The) in the second quarter worth $181,000. 35.62% of the stock is owned by institutional investors.

McClatchy Company (The) Company Profile

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.

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