Chatham Asset Management, Llc Purchases 3,710 Shares of McClatchy Co (MNI) Stock

McClatchy Co (NYSEAMERICAN:MNI) major shareholder Chatham Asset Management, Llc bought 3,710 shares of McClatchy stock in a transaction that occurred on Friday, December 29th. The shares were acquired at an average cost of $8.93 per share, for a total transaction of $33,130.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own more than 10% 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, December 12th, Chatham Asset Management, Llc bought 100 shares of McClatchy stock. The shares were acquired at an average cost of $9.00 per share, for a total transaction of $900.00.
  • On Wednesday, December 6th, Chatham Asset Management, Llc bought 1,500 shares of McClatchy stock. The shares were acquired at an average cost of $9.21 per share, for a total transaction of $13,815.00.
  • On Monday, December 4th, Chatham Asset Management, Llc bought 1,300 shares of McClatchy stock. The shares were acquired at an average cost of $10.03 per share, for a total transaction of $13,039.00.
  • On Friday, December 1st, Chatham Asset Management, Llc bought 723 shares of McClatchy stock. The shares were acquired at an average cost of $10.22 per share, for a total transaction of $7,389.06.
  • On Friday, November 24th, Chatham Asset Management, Llc bought 2,100 shares of McClatchy stock. The shares were acquired at an average cost 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 shares were purchased 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 shares were purchased 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 shares were purchased 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 shares were purchased 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 shares were purchased at an average price of $9.92 per share, for a total transaction of $512,080.32.

McClatchy Co (MNI) traded down $0.13 during midday trading on Friday, reaching $8.95. The company had a trading volume of 13,900 shares, compared to its average volume of 11,233. The firm has a market cap of $69.01, a PE ratio of -0.17 and a beta of 1.14. McClatchy Co has a 12 month low of $5.75 and a 12 month high of $13.87. The company has a quick ratio of 0.79, a current ratio of 0.85 and a debt-to-equity ratio of -93.38.

McClatchy (NYSEAMERICAN:MNI) last released its quarterly 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 company had revenue of $212.60 million during the quarter, compared to the consensus estimate of $223.96 million.

Several institutional investors have recently made changes to their positions in the business. Stifel Financial Corp raised its holdings in shares of McClatchy by 14.7% during the second 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 during the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of McClatchy by 1,102.3% during the second 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 during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of McClatchy by 3.9% during the second 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 during the last quarter. Hancock Holding Co. acquired a new position in shares of McClatchy during the second quarter valued at approximately $181,000. Finally, Susquehanna International Group LLP raised its holdings in shares of McClatchy by 28.0% during the third quarter. Susquehanna International Group LLP now owns 129,025 shares of the company’s stock valued at $953,000 after acquiring an additional 28,189 shares during the last quarter. 35.62% of the stock is owned by institutional investors and hedge funds.

A number of analysts have recently commented on MNI shares. ValuEngine upgraded McClatchy from a “strong sell” rating to a “sell” rating in a research note on Thursday, October 26th. Zacks Investment Research downgraded McClatchy from a “hold” rating to a “sell” rating in a research note on Thursday, September 14th. Finally, Noble Financial restated a “hold” rating on shares of McClatchy in a research note on Sunday, September 10th.

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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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