McClatchy (NYSEAMERICAN:MNI) Earns “Buy” Rating from Noble Financial

Share on StockTwits

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.

McClatchy (NYSEAMERICAN:MNI) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($1.44) EPS for the quarter, topping the Zacks’ consensus estimate of ($1.63) by $0.19. The business had revenue of $178.66 million during the quarter, compared to analysts’ expectations of $190.40 million.

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.

About McClatchy

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.

Further Reading: Does a trade war provide a risk to the global economy?

Receive News & Ratings for McClatchy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McClatchy and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Diamond S Shipping Inc  Expected to Announce Quarterly Sales of $155.90 Million
Diamond S Shipping Inc Expected to Announce Quarterly Sales of $155.90 Million
Icahn Enterprises  Downgraded by BidaskClub
Icahn Enterprises Downgraded by BidaskClub
Intercept Pharmaceuticals  Lifted to Hold at BidaskClub
Intercept Pharmaceuticals Lifted to Hold at BidaskClub
Independent Bank Co.  Upgraded at BidaskClub
Independent Bank Co. Upgraded at BidaskClub
Hub Group  Lifted to “Hold” at BidaskClub
Hub Group Lifted to “Hold” at BidaskClub
Heritage Commerce  Upgraded at BidaskClub
Heritage Commerce Upgraded at BidaskClub


© 2006-2019 Ticker Report