McClatchy Co (MNI) Director William Briggs Mcclatchy Sells 20,000 Shares
McClatchy Co (NYSE:MNI) Director William Briggs Mcclatchy sold 20,000 shares of the company’s stock in a transaction dated Wednesday, February 22nd. The stock was sold at an average price of $1.01, for a total value of $20,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
McClatchy Co (NYSE:MNI) traded up 14.32% during mid-day trading on Friday, hitting $8.66. The company had a trading volume of 128,342 shares. The firm’s market capitalization is $66.01 million. The company has a 50-day moving average price of $7.61 and a 200 day moving average price of $8.76. McClatchy Co has a 12 month low of $5.75 and a 12 month high of $18.31.
McClatchy (NYSE:MNI) last announced its quarterly earnings results on Monday, October 16th. The company reported ($0.78) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.55) by ($0.23). McClatchy had a negative net margin of 16.63% and a negative return on equity of 2,313.90%. The business had revenue of $212.60 million during the quarter, compared to analysts’ expectations of $223.96 million. Equities analysts forecast that McClatchy Co will post ($6.11) EPS for the current fiscal year.
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Several institutional investors have recently made changes to their positions in the stock. Susquehanna International Group LLP purchased a new position in shares of McClatchy in the 2nd quarter valued at about $942,000. Tower Research Capital LLC TRC increased its stake in shares of McClatchy by 1,102.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 10,845 shares of the company’s stock valued at $101,000 after purchasing an additional 9,943 shares in the last quarter. Stifel Financial Corp increased its stake in shares of McClatchy by 14.7% in the 2nd quarter. Stifel Financial Corp now owns 20,778 shares of the company’s stock valued at $197,000 after purchasing an additional 2,659 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of McClatchy by 3.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 380,782 shares of the company’s stock valued at $3,557,000 after purchasing an additional 14,170 shares in the last quarter. Finally, Hancock Holding Co. purchased a new position in shares of McClatchy in the 2nd quarter valued at about $181,000. Hedge funds and other institutional investors own 35.62% of the company’s stock.
A number of analysts have commented on MNI shares. Noble Financial restated a “hold” rating on shares of McClatchy in a research report on Sunday, September 10th. Zacks Investment Research cut McClatchy from a “hold” rating to a “sell” rating in a research report on Thursday, September 14th. Finally, ValuEngine cut McClatchy from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st.
McClatchy Company Profile
The McClatchy Company is a news and information publisher of various publications, such as the Miami Herald, 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. Its Western Segment consists of its newspaper operations in California, the Northwest and the Midwest.
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