Chatham Asset Management, Llc Purchases 2,975 Shares of McClatchy Co (MNI) Stock

McClatchy Co (NYSEAMERICAN:MNI) major shareholder Chatham Asset Management, Llc acquired 2,975 shares of the stock in a transaction that occurred on Monday, November 27th. The shares were acquired at an average cost of $10.42 per share, with a total value of $30,999.50. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Large 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 Friday, November 24th, Chatham Asset Management, Llc acquired 2,100 shares of McClatchy stock. The shares were acquired at an average cost of $10.43 per share, with a total value of $21,903.00.
  • On Tuesday, November 21st, Chatham Asset Management, Llc acquired 700 shares of McClatchy stock. The shares were acquired at an average cost of $9.79 per share, with a total value of $6,853.00.
  • On Thursday, November 16th, Chatham Asset Management, Llc acquired 7,000 shares of McClatchy stock. The shares were acquired at an average cost of $9.88 per share, with a total value of $69,160.00.
  • On Thursday, November 2nd, Chatham Asset Management, Llc acquired 8,500 shares of McClatchy stock. The shares were acquired at an average cost of $9.60 per share, with a total value of $81,600.00.
  • On Tuesday, October 31st, Chatham Asset Management, Llc acquired 51,621 shares of McClatchy stock. The shares were acquired at an average cost of $9.92 per share, with a total value of $512,080.32.
  • On Friday, October 27th, Chatham Asset Management, Llc acquired 59,567 shares of McClatchy stock. The shares were acquired at an average cost of $9.84 per share, with a total value of $586,139.28.
  • On Wednesday, October 25th, Chatham Asset Management, Llc acquired 70,840 shares of McClatchy stock. The shares were acquired at an average cost of $9.08 per share, with a total value of $643,227.20.
  • On Monday, October 23rd, Chatham Asset Management, Llc bought 103,601 shares of McClatchy stock. The stock was purchased at an average price of $8.33 per share, with a total value of $862,996.33.
  • On Thursday, October 19th, Chatham Asset Management, Llc bought 22,970 shares of McClatchy stock. The stock was purchased at an average price of $7.50 per share, with a total value of $172,275.00.
  • On Monday, October 16th, Chatham Asset Management, Llc bought 61,930 shares of McClatchy stock. The stock was purchased at an average price of $7.44 per share, with a total value of $460,759.20.

McClatchy Co (NYSEAMERICAN:MNI) traded up $0.03 during midday trading on Tuesday, reaching $10.28. 5,600 shares of the company’s stock traded hands, compared to its average volume of 31,306. McClatchy Co has a 1 year low of $5.75 and a 1 year high of $14.60. 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 posted its earnings results on Monday, October 16th. The company reported ($0.78) EPS for the quarter, missing the consensus estimate of ($0.55) by ($0.23). The business had revenue of $212.60 million for the quarter, compared to analysts’ expectations of $223.96 million.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of MNI. Susquehanna International Group LLP bought a new position in McClatchy in the 2nd quarter worth about $942,000. Hancock Holding Co. bought a new position in shares of McClatchy during the 2nd quarter worth about $181,000. 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 worth $3,557,000 after acquiring an additional 14,170 shares during the period. 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 worth $101,000 after acquiring an additional 9,943 shares during the period. Finally, 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 worth $197,000 after acquiring an additional 2,659 shares during the period. Hedge funds and other institutional investors 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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