McClatchy Co (MNI) Major Shareholder Chatham Asset Management, Llc Acquires 103,601 Shares
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.
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.
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.
Receive News & Ratings for McClatchy Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McClatchy Co and related companies with MarketBeat.com's FREE daily email newsletter.