McClatchy Co (NYSE:MNI) major shareholder Chatham Asset Management, Llc purchased 103,601 shares of the stock in a transaction dated Monday, October 23rd. The shares were bought at an average price of $8.33 per share, for a total transaction of $862,996.33. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Chatham Asset Management, Llc also recently made the following trade(s):

  • On Thursday, October 19th, Chatham Asset Management, Llc purchased 22,970 shares of McClatchy stock. The shares were bought at an average price of $7.50 per share, for a total transaction of $172,275.00.
  • On Monday, October 16th, Chatham Asset Management, Llc purchased 61,930 shares of McClatchy stock. The shares were bought at an average price of $7.44 per share, for a total transaction of $460,759.20.
  • On Friday, October 13th, Chatham Asset Management, Llc purchased 76,344 shares of McClatchy stock. The shares were bought at an average price of $7.84 per share, for a total transaction of $598,536.96.

Shares of McClatchy Co (NYSE MNI) traded up 0.57% during midday trading on Tuesday, reaching $8.80. 29,827 shares of the company were exchanged. McClatchy Co has a 52-week low of $5.75 and a 52-week high of $17.16. The stock has a 50-day moving average price of $7.69 and a 200 day moving average price of $8.73. The company’s market capitalization is $67.07 million.

McClatchy (NYSE:MNI) last released its earnings results on Monday, October 16th. The company reported ($0.78) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.55) by ($0.23). The business had revenue of $212.60 million during the quarter, compared to the consensus estimate of $223.96 million. McClatchy had a negative net margin of 16.63% and a negative return on equity of 2,313.90%. Equities research analysts expect that McClatchy Co will post ($6.11) EPS for the current fiscal year.

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MNI has been the topic of several research analyst reports. Noble Financial restated a “hold” rating on shares of McClatchy in a report on Friday, July 21st. Zacks Investment Research cut shares of McClatchy from a “hold” rating to a “sell” rating in a report on Thursday, September 14th. Finally, ValuEngine cut shares of McClatchy from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st.

Institutional investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC grew its position in McClatchy by 1,102.3% in the second 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 grew its position in McClatchy by 9.3% in the first quarter. Stifel Financial Corp now owns 18,119 shares of the company’s stock valued at $181,000 after purchasing an additional 1,535 shares in the last quarter. Hancock Holding Co. bought a new position in McClatchy in the second quarter valued at $181,000. Highbridge Capital Management LLC bought a new position in McClatchy in the first quarter valued at $540,000. Finally, Susquehanna International Group LLP bought a new position in McClatchy in the second quarter valued at $942,000. 35.62% of the stock is owned by institutional investors and hedge funds.

About McClatchy

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.

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

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