Noble Financial restated their buy rating on shares of McClatchy (NYSEAMERICAN:MNI) in a report issued on Sunday, AnalystRatings.com reports. They currently have a $5.00 price target on the stock.
Separately, Zacks Investment Research cut McClatchy from a buy rating to a hold rating in a report on Thursday, August 8th.
NYSEAMERICAN MNI opened at $2.31 on Friday. McClatchy has a 12 month low of $1.95 and a 12 month high of $9.94.
Several institutional investors and hedge funds have recently modified their holdings of the company. Cooperman Leon G raised its holdings in shares of McClatchy by 44.9% during the 2nd quarter. Cooperman Leon G now owns 441,050 shares of the company’s stock worth $1,151,000 after acquiring an additional 136,633 shares in the last quarter. Goelzer Investment Management Inc. purchased a new stake in shares of McClatchy during the 2nd quarter worth approximately $31,000. Creative Planning purchased a new stake in shares of McClatchy during the 2nd quarter worth approximately $27,000. Finally, Eidelman Virant Capital purchased a new stake in shares of McClatchy during the 2nd quarter worth approximately $109,000. 35.62% of the stock is currently owned by institutional investors and hedge funds.
The McClatchy Company publishes newspapers and news Websites in the United States. Its publications include the Miami Herald, The Kansas City Star, The Sacramento Bee, The Charlotte Observer, The (Raleigh) News and Observer, and The (Fort Worth) Star-Telegram. It also provides niche publications and community newspapers, as well as other print and digital direct marketing services.
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