Insider Buying: McClatchy Co (MNI) Major Shareholder Buys $21,903.00 in Stock

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

McClatchy Co (MNI) traded up $0.12 during trading on Friday, reaching $10.37. The company had a trading volume of 9,510 shares, compared to its average volume of 31,029. McClatchy Co has a fifty-two week low of $5.75 and a fifty-two week high of $14.60. The company has a current ratio of 0.85, a quick ratio of 0.79 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) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.55) by ($0.23). The business had revenue of $212.60 million during the quarter, compared to analysts’ expectations of $223.96 million.

MNI has been the topic of several research analyst reports. Zacks Investment Research upgraded McClatchy from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. Noble Financial reiterated a “hold” rating on shares of McClatchy in a research note on Sunday, September 10th. Finally, ValuEngine upgraded McClatchy from a “strong sell” rating to a “sell” rating in a research note on Thursday, October 26th.

Several large investors have recently bought and sold shares of MNI. Dimensional Fund Advisors LP lifted its position in shares of McClatchy by 0.8% during the first quarter. Dimensional Fund Advisors LP now owns 366,612 shares of the company’s stock worth $3,545,000 after acquiring an additional 2,843 shares in the last quarter. Hancock Holding Co. purchased a new stake in shares of McClatchy during the second quarter worth $181,000. Stifel Financial Corp lifted its position in shares of McClatchy by 14.7% during the second quarter. Stifel Financial Corp now owns 20,778 shares of the company’s stock worth $197,000 after acquiring an additional 2,659 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of McClatchy by 1,102.3% during the second 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 in the last quarter. Finally, Susquehanna International Group LLP purchased a new stake in shares of McClatchy during the second quarter worth $942,000. Hedge funds and other institutional investors own 35.62% of the company’s stock.

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About McClatchy

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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