McClatchy Co (NYSE:MNI) major shareholder Chatham Asset Management, Llc acquired 59,567 shares of the stock in a transaction that occurred on Friday, October 27th. The stock was acquired at an average price of $9.84 per share, with a total value of $586,139.28. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

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

  • On Wednesday, October 25th, Chatham Asset Management, Llc purchased 70,840 shares of McClatchy stock. The shares were purchased at an average price of $9.08 per share, for a total transaction of $643,227.20.
  • On Monday, October 23rd, Chatham Asset Management, Llc purchased 103,601 shares of McClatchy stock. The shares were purchased at an average price of $8.33 per share, for a total transaction of $862,996.33.
  • On Thursday, October 19th, Chatham Asset Management, Llc purchased 22,970 shares of McClatchy stock. The shares were purchased 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 acquired 61,930 shares of McClatchy stock. The stock was 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 acquired 76,344 shares of McClatchy stock. The stock was 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 down 2.10% during midday trading on Monday, reaching $9.79. The company’s stock had a trading volume of 67,940 shares. The company’s market capitalization is $74.62 million. The stock has a 50 day moving average of $7.89 and a 200-day moving average of $8.73. McClatchy Co has a 1-year low of $5.75 and a 1-year high of $15.84.

McClatchy (NYSE:MNI) last posted its quarterly earnings data on Monday, October 16th. The company reported ($0.78) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.55) by ($0.23). The firm had revenue of $212.60 million for the quarter, compared to analyst estimates of $223.96 million. On average, equities research analysts anticipate that McClatchy Co will post ($6.11) earnings per share for the current year.

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Large investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC lifted its position 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 acquiring an additional 9,943 shares in the last quarter. Stifel Financial Corp increased its stake in shares of McClatchy by 9.3% during the 1st quarter. Stifel Financial Corp now owns 18,119 shares of the company’s stock worth $181,000 after purchasing an additional 1,535 shares during the last quarter. Hancock Holding Co. acquired a new position in shares of McClatchy during the 2nd quarter worth $181,000. Highbridge Capital Management LLC acquired a new position in shares of McClatchy during the 1st quarter worth $540,000. Finally, Susquehanna International Group LLP acquired a new position in shares of McClatchy during the 2nd quarter worth $942,000. Institutional investors and hedge funds own 35.62% of the company’s stock.

A number of research firms have weighed in on MNI. Zacks Investment Research cut McClatchy from a “hold” rating to a “strong sell” rating in a research note on Thursday. Noble Financial reaffirmed a “hold” rating on shares of McClatchy in a report on Tuesday, October 24th. Finally, ValuEngine lowered McClatchy from a “sell” rating to a “strong sell” rating in a 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.

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

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