McClatchy Co (NYSEAMERICAN:MNI) was the target of a significant decline in short interest during the month of November. As of November 30th, there was short interest totalling 960,670 shares, a decline of 3.6% from the November 15th total of 996,678 shares. Approximately 19.2% of the company’s stock are sold short. Based on an average trading volume of 20,240 shares, the days-to-cover ratio is currently 47.5 days.

McClatchy (NYSEAMERICAN MNI) opened at $9.35 on Wednesday. McClatchy has a 12-month low of $5.75 and a 12-month high of $14.49. The company has a current ratio of 0.85, a quick ratio of 0.79 and a debt-to-equity ratio of -93.38.

McClatchy (NYSEAMERICAN:MNI) last issued its quarterly earnings results 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 company had revenue of $212.60 million during the quarter, compared to analyst estimates of $223.96 million.

MNI has been the topic of a number of recent analyst reports. Noble Financial reissued a “hold” rating on shares of McClatchy in a research report on Tuesday, October 24th. Zacks Investment Research downgraded McClatchy from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 26th. Finally, ValuEngine downgraded McClatchy from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st.

In related news, major shareholder Chatham Asset Management, Llc bought 2,975 shares of the stock in a transaction that occurred on Monday, November 27th. The shares were acquired at an average price of $10.42 per share, with a total value of $30,999.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders purchased 471,671 shares of company stock worth $4,080,773. 34.91% of the stock is owned by company insiders.

Several hedge funds have recently modified their holdings of MNI. Dimensional Fund Advisors LP boosted its stake in shares of McClatchy by 0.8% in the first quarter. Dimensional Fund Advisors LP now owns 366,612 shares of the company’s stock valued at $3,545,000 after buying an additional 2,843 shares during the period. Hancock Holding Co. bought a new stake in shares of McClatchy in the second quarter valued at approximately $181,000. Stifel Financial Corp lifted its stake in McClatchy by 14.7% during the second quarter. Stifel Financial Corp now owns 20,778 shares of the company’s stock worth $197,000 after purchasing an additional 2,659 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in McClatchy by 1,102.3% during the second 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. Finally, Susquehanna International Group LLP bought a new stake in McClatchy during the second quarter worth $942,000. Institutional investors and hedge funds own 35.62% of the company’s stock.

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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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