McClatchy Company (The) (MNI) Major Shareholder Contrarius Investment Manageme Sells 2,600 Shares

McClatchy Company (The) (NYSE:MNI) major shareholder Contrarius Investment Manageme sold 2,600 shares of the business’s stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $8.75, for a total transaction of $22,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Contrarius Investment Manageme also recently made the following trade(s):

  • On Wednesday, May 24th, Contrarius Investment Manageme sold 11,707 shares of McClatchy Company (The) stock. The stock was sold at an average price of $9.24, for a total transaction of $108,172.68.
  • On Monday, May 22nd, Contrarius Investment Manageme sold 5,122 shares of McClatchy Company (The) stock. The shares were sold at an average price of $8.50, for a total transaction of $43,537.00.
  • On Friday, May 19th, Contrarius Investment Manageme sold 9,700 shares of McClatchy Company (The) stock. The shares were sold at an average price of $8.20, for a total transaction of $79,540.00.
  • On Thursday, May 18th, Contrarius Investment Manageme sold 1,922 shares of McClatchy Company (The) stock. The shares were sold at an average price of $8.08, for a total transaction of $15,529.76.
  • On Wednesday, May 17th, Contrarius Investment Manageme sold 19,840 shares of McClatchy Company (The) stock. The shares were sold at an average price of $8.30, for a total transaction of $164,672.00.
  • On Friday, April 7th, Contrarius Investment Manageme sold 2,858 shares of McClatchy Company (The) stock. The shares were sold at an average price of $9.70, for a total transaction of $27,722.60.
  • On Thursday, April 6th, Contrarius Investment Manageme sold 10,092 shares of McClatchy Company (The) stock. The shares were sold at an average price of $9.62, for a total transaction of $97,085.04.
  • On Wednesday, April 5th, Contrarius Investment Manageme sold 17,187 shares of McClatchy Company (The) stock. The shares were sold at an average price of $9.38, for a total transaction of $161,214.06.
  • On Tuesday, April 4th, Contrarius Investment Manageme sold 18,871 shares of McClatchy Company (The) stock. The stock was sold at an average price of $9.42, for a total transaction of $177,764.82.
  • On Monday, April 3rd, Contrarius Investment Manageme sold 14,000 shares of McClatchy Company (The) stock. The stock was sold at an average price of $9.77, for a total transaction of $136,780.00.

Shares of McClatchy Company (MNI) traded up 1.08% on Friday, reaching $11.22. 48,674 shares of the company’s stock were exchanged. The firm’s market capitalization is $85.51 million. McClatchy Company has a one year low of $8.01 and a one year high of $19.77. The firm has a 50 day moving average of $10.05 and a 200 day moving average of $11.29.

McClatchy Company (The) (NYSE:MNI) last issued its quarterly earnings data on Thursday, May 4th. The company reported ($1.91) earnings per share for the quarter. The company had revenue of $221.21 million for the quarter. McClatchy Company (The) had a negative return on equity of 16.20% and a negative net margin of 12.19%. On average, equities research analysts predict that McClatchy Company will post ($2.48) EPS for the current year.

Insider Buying and Selling by Quarter for McClatchy Company (The) (NYSE:MNI)

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A number of equities research analysts recently commented on the stock. Zacks Investment Research cut shares of McClatchy Company (The) from a “hold” rating to a “sell” rating in a research report on Wednesday, May 10th. Noble Financial reissued a “buy” rating on shares of McClatchy Company (The) in a research report on Saturday, May 6th.

Several hedge funds have recently modified their holdings of MNI. O Shaughnessy Asset Management LLC increased its stake in shares of McClatchy Company (The) by 16.2% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 8,742 shares of the company’s stock valued at $115,000 after buying an additional 1,216 shares in the last quarter. Stifel Financial Corp increased its stake in shares of McClatchy Company (The) by 9.3% in the first quarter. Stifel Financial Corp now owns 18,119 shares of the company’s stock valued at $181,000 after buying an additional 1,535 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of McClatchy Company (The) by 1.3% in the first quarter. Geode Capital Management LLC now owns 37,803 shares of the company’s stock valued at $365,000 after buying an additional 483 shares in the last quarter. Whitebox Advisors LLC bought a new stake in shares of McClatchy Company (The) during the first quarter valued at $484,000. Finally, Highbridge Capital Management LLC bought a new stake in shares of McClatchy Company (The) during the first quarter valued at $540,000. Institutional investors and hedge funds own 39.89% of the company’s stock.

McClatchy Company (The) Company Profile

The McClatchy Company is a news and information publisher of various publications, such as the Miami Herald, The Kansas City Star, 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.

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