McClatchy Co (MNI) Major Shareholder Acquires $33,130.30 in Stock

McClatchy Co (NYSEAMERICAN:MNI) major shareholder Chatham Asset Management, Llc bought 3,710 shares of the stock in a transaction on Friday, December 29th. The stock was purchased at an average cost of $8.93 per share, with a total value of $33,130.30. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Large 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 Tuesday, December 12th, Chatham Asset Management, Llc bought 100 shares of McClatchy stock. The stock was purchased at an average cost of $9.00 per share, with a total value of $900.00.
  • On Wednesday, December 6th, Chatham Asset Management, Llc bought 1,500 shares of McClatchy stock. The stock was purchased at an average cost of $9.21 per share, with a total value of $13,815.00.
  • On Monday, December 4th, Chatham Asset Management, Llc bought 1,300 shares of McClatchy stock. The stock was purchased at an average cost of $10.03 per share, with a total value of $13,039.00.
  • On Friday, December 1st, Chatham Asset Management, Llc purchased 723 shares of McClatchy stock. The stock was bought at an average price of $10.22 per share, for a total transaction of $7,389.06.
  • On Friday, November 24th, Chatham Asset Management, Llc purchased 2,100 shares of McClatchy stock. The stock was bought at an average price of $10.43 per share, for a total transaction of $21,903.00.
  • On Monday, November 27th, Chatham Asset Management, Llc purchased 2,975 shares of McClatchy stock. The stock was bought at an average price of $10.42 per share, for a total transaction of $30,999.50.
  • On Tuesday, November 21st, Chatham Asset Management, Llc purchased 700 shares of McClatchy stock. The stock was bought at an average price of $9.79 per share, for a total transaction of $6,853.00.
  • On Thursday, November 16th, Chatham Asset Management, Llc purchased 7,000 shares of McClatchy stock. The stock was bought at an average price of $9.88 per share, for a total transaction of $69,160.00.
  • On Thursday, November 2nd, Chatham Asset Management, Llc purchased 8,500 shares of McClatchy stock. The stock was bought at an average price of $9.60 per share, for a total transaction of $81,600.00.
  • On Tuesday, October 31st, Chatham Asset Management, Llc purchased 51,621 shares of McClatchy stock. The stock was bought at an average price of $9.92 per share, for a total transaction of $512,080.32.

Shares of McClatchy Co (NYSEAMERICAN:MNI) traded down $0.22 on Wednesday, hitting $9.08. 16,754 shares of the company’s stock were exchanged, compared to its average volume of 9,900. The firm has a market cap of $68.63, a price-to-earnings ratio of -0.18 and a beta of 1.13. McClatchy Co has a 52 week low of $5.75 and a 52 week high of $13.87. 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 (NYSEAMERICAN:MNI) last announced its quarterly earnings results on Monday, October 16th. The company reported ($0.78) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.55) by ($0.23). The business had revenue of $212.60 million for the quarter, compared to the consensus estimate of $223.96 million.

A number of equities analysts have weighed in on the stock. Zacks Investment Research upgraded shares of McClatchy from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. Noble Financial reiterated a “hold” rating on shares of McClatchy in a report on Tuesday, October 24th. Finally, ValuEngine upgraded shares of McClatchy from a “strong sell” rating to a “sell” rating in a report on Thursday, October 26th.

Large investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its holdings in shares of McClatchy by 3.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 380,782 shares of the company’s stock valued at $3,557,000 after acquiring an additional 14,170 shares in the last quarter. Susquehanna International Group LLP acquired a new position in shares of McClatchy during the 2nd quarter valued at $942,000. Stifel Financial Corp lifted its holdings in shares of McClatchy by 14.7% during the 2nd quarter. Stifel Financial Corp now owns 20,778 shares of the company’s stock valued at $197,000 after acquiring an additional 2,659 shares in the last quarter. Hancock Holding Co. acquired a new position in shares of McClatchy during the 2nd quarter valued at $181,000. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of McClatchy by 1,102.3% during 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. 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.

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

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