An issue of McClatchy Company (The) (NYSE:MNI) debt fell 1.4% as a percentage of its face value during trading on Wednesday. The high-yield issue of debt has a 9% coupon and is set to mature on December 15, 2022. The debt is now trading at $102.25 and was trading at $102.88 one week ago. Price moves in a company’s debt in credit markets often predict parallel moves in its share price.
A number of equities research analysts have commented on MNI shares. Zacks Investment Research lowered McClatchy Company (The) from a “hold” rating to a “sell” rating in a research report on Wednesday, May 10th. Noble Financial restated a “hold” rating on shares of McClatchy Company (The) in a research report on Friday, July 21st.
Shares of McClatchy Company (MNI) traded down 4.28% during mid-day trading on Wednesday, hitting $6.04. The stock had a trading volume of 27,249 shares. The stock’s 50-day moving average price is $7.84 and its 200-day moving average price is $9.69. McClatchy Company has a 52-week low of $5.75 and a 52-week high of $19.00. The firm’s market cap is $46.04 million.
McClatchy Company (The) (NYSE:MNI) last announced its earnings results on Friday, July 21st. The company reported ($0.79) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.60) by $0.19. McClatchy Company (The) had a negative net margin of 14.81% and a negative return on equity of 13.89%. The firm had revenue of $225.12 million during the quarter, compared to analyst estimates of $229.70 million. On average, analysts anticipate that McClatchy Company will post ($6.11) earnings per share for the current fiscal year.
Large investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC increased its stake in McClatchy Company (The) by 1,102.3% in the second quarter. Tower Research Capital LLC TRC now owns 10,845 shares of the company’s stock valued at $101,000 after buying an additional 9,943 shares during the last quarter. Hancock Holding Co. acquired a new position in shares of McClatchy Company (The) during the second quarter valued at about $181,000. Stifel Financial Corp boosted its position 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 during the period. Whitebox Advisors LLC acquired a new position in shares of McClatchy Company (The) during the first quarter valued at about $484,000. Finally, Highbridge Capital Management LLC acquired a new position in shares of McClatchy Company (The) during the first quarter valued at about $540,000. Institutional investors and hedge funds own 34.97% of the company’s stock.
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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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