McClatchy Co (NYSEAMERICAN:MNI) major shareholder Chatham Asset Management, Llc purchased 5,056 shares of the business’s stock in a transaction on Monday, September 17th. The stock was purchased at an average price of $8.98 per share, for a total transaction of $45,402.88. The transaction was disclosed in a legal filing with the SEC, which is available at 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 Wednesday, August 29th, Chatham Asset Management, Llc purchased 2,500 shares of McClatchy stock. The stock was purchased at an average price of $8.99 per share, for a total transaction of $22,475.00.
  • On Friday, August 31st, Chatham Asset Management, Llc acquired 2,900 shares of McClatchy stock. The stock was bought at an average cost of $8.99 per share, with a total value of $26,071.00.
  • On Tuesday, August 14th, Chatham Asset Management, Llc acquired 2,500 shares of McClatchy stock. The stock was bought at an average cost of $9.19 per share, with a total value of $22,975.00.
  • On Tuesday, July 31st, Chatham Asset Management, Llc acquired 100 shares of McClatchy stock. The stock was bought at an average cost of $9.85 per share, with a total value of $985.00.
  • On Wednesday, July 25th, Chatham Asset Management, Llc acquired 500 shares of McClatchy stock. The stock was bought at an average cost of $9.75 per share, with a total value of $4,875.00.
  • On Friday, July 20th, Chatham Asset Management, Llc acquired 1,500 shares of McClatchy stock. The stock was bought at an average cost of $10.15 per share, with a total value of $15,225.00.
  • On Wednesday, July 18th, Chatham Asset Management, Llc acquired 5,000 shares of McClatchy stock. The stock was bought at an average cost of $10.31 per share, with a total value of $51,550.00.

Shares of MNI traded down $0.10 on Friday, reaching $8.10. 9,546 shares of the company’s stock traded hands, compared to its average volume of 10,395. 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 Co has a 52-week low of $7.05 and a 52-week high of $11.04.

McClatchy (NYSEAMERICAN:MNI) last issued its quarterly earnings results on Friday, July 27th. The company reported ($0.72) EPS for the quarter, beating the Zacks’ consensus estimate of ($1.36) by $0.64. The business had revenue of $204.35 million for the quarter, compared to analysts’ expectations of $203.59 million.

Several institutional investors and hedge funds have recently modified their holdings of MNI. Renaissance Technologies LLC increased its position in McClatchy by 16.7% in the second quarter. Renaissance Technologies LLC now owns 44,630 shares of the company’s stock worth $444,000 after buying an additional 6,400 shares during the last quarter. Royce & Associates LP increased its position in McClatchy by 2.6% in the second quarter. Royce & Associates LP now owns 557,186 shares of the company’s stock worth $5,544,000 after buying an additional 13,880 shares during the last quarter. Bingham Osborn & Scarborough LLC purchased a new stake in McClatchy in the second quarter worth $159,000. Finally, Highbridge Capital Management LLC increased its position in McClatchy by 31.8% in the first quarter. Highbridge Capital Management LLC now owns 40,154 shares of the company’s stock worth $371,000 after buying an additional 9,687 shares during the last quarter. 35.62% of the stock is owned by institutional investors.

Several brokerages have recently commented on MNI. Zacks Investment Research raised McClatchy from a “sell” rating to a “hold” rating in a research note on Tuesday, July 3rd. Noble Financial reaffirmed a “hold” rating on shares of McClatchy in a research report on Monday, July 30th.

About McClatchy

The McClatchy Company provides news and advertising services in digital and print formats 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, The (Fort Worth) Star-Telegram, and The (Durham, NC) Herald-Sun.

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