McClatchy Co (NYSE:MNI) major shareholder Chatham Asset Management, Llc acquired 8,500 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The stock was purchased at an average cost of $9.60 per share, for a total transaction of $81,600.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Large 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 Tuesday, October 31st, Chatham Asset Management, Llc bought 51,621 shares of McClatchy stock. The shares were bought at an average cost of $9.92 per share, for a total transaction of $512,080.32.
  • On Friday, October 27th, Chatham Asset Management, Llc bought 59,567 shares of McClatchy stock. The shares were bought at an average cost of $9.84 per share, for a total transaction of $586,139.28.
  • On Wednesday, October 25th, Chatham Asset Management, Llc bought 70,840 shares of McClatchy stock. The shares were bought at an average cost of $9.08 per share, for a total transaction of $643,227.20.
  • On Monday, October 23rd, Chatham Asset Management, Llc bought 103,601 shares of McClatchy stock. The shares were bought at an average cost of $8.33 per share, for a total transaction of $862,996.33.
  • On Thursday, October 19th, Chatham Asset Management, Llc bought 22,970 shares of McClatchy stock. The shares were bought at an average cost of $7.50 per share, for a total transaction of $172,275.00.
  • On Monday, October 16th, Chatham Asset Management, Llc bought 61,930 shares of McClatchy stock. The shares were bought at an average cost of $7.44 per share, for a total transaction of $460,759.20.
  • On Friday, October 13th, Chatham Asset Management, Llc bought 76,344 shares of McClatchy stock. The shares were bought at an average cost of $7.84 per share, for a total transaction of $598,536.96.

McClatchy Co (NYSE:MNI) traded down $0.15 during trading on Friday, reaching $9.05. 15,234 shares of the company’s stock traded hands. The company has a debt-to-equity ratio of -93.38, a quick ratio of 0.79 and a current ratio of 0.85.

McClatchy (NYSE:MNI) last released its earnings results on Monday, October 16th. The company reported ($0.78) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.55) by ($0.23). The business had revenue of $212.60 million for the quarter, compared to analysts’ expectations of $223.96 million.

ILLEGAL ACTIVITY WARNING: “Insider Buying: McClatchy Co (MNI) Major Shareholder Buys 8,500 Shares of Stock” was originally reported by American Banking News and is the sole property of of American Banking News. If you are accessing this article on another site, it was illegally stolen and republished in violation of United States and international copyright & trademark law. The legal version of this article can be read at https://www.americanbankingnews.com/2017/11/03/insider-buying-mcclatchy-co-mni-major-shareholder-buys-8500-shares-of-stock.html.

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

Several institutional investors and hedge funds have recently made changes to their positions in the company. Stifel Financial Corp grew its stake in shares of McClatchy by 9.3% in 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. Dimensional Fund Advisors LP grew its stake in shares of McClatchy by 0.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 366,612 shares of the company’s stock worth $3,545,000 after purchasing an additional 2,843 shares during the last quarter. Tower Research Capital LLC TRC grew 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 worth $101,000 after purchasing an additional 9,943 shares during the last quarter. Hancock Holding Co. acquired a new position in shares of McClatchy in the 2nd quarter worth approximately $181,000. Finally, Susquehanna International Group LLP acquired a new position in shares of McClatchy in the 2nd quarter worth approximately $942,000. 35.62% of the stock is currently owned by institutional investors.

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)

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.