An issue of McClatchy Company (The) (NYSE:MNI) bonds fell 0.8% as a percentage of their face value during trading on Thursday. The debt issue has a 9% coupon and is set to mature on December 15, 2022. The debt is now trading at $101.50 and was trading at $102.88 one week ago. Price changes in a company’s bonds in credit markets often predict parallel changes in its share price.
A number of research analysts have weighed in on MNI shares. Noble Financial reaffirmed a “buy” rating on shares of McClatchy Company (The) in a report on Saturday, May 6th. Zacks Investment Research upgraded McClatchy Company (The) from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th.
Shares of McClatchy Company (NYSE MNI) opened at 7.46 on Friday. The stock’s 50 day moving average price is $7.67 and its 200-day moving average price is $9.61. McClatchy Company has a 12 month low of $5.75 and a 12 month high of $19.00. The company’s market cap is $56.86 million.
McClatchy Company (The) (NYSE:MNI) last released its quarterly earnings results on Friday, July 21st. The company reported ($0.79) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.60) by $0.19. The business had revenue of $225.12 million during the quarter, compared to analyst estimates of $229.70 million. McClatchy Company (The) had a negative return on equity of 13.89% and a negative net margin of 14.81%. Equities research analysts expect that McClatchy Company will post ($6.11) earnings per share for the current year.
A number of institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its position in McClatchy Company (The) by 2.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 363,769 shares of the company’s stock worth $4,794,000 after buying an additional 7,208 shares during the last quarter. Stifel Financial Corp boosted its position in McClatchy Company (The) by 9.3% in the first quarter. Stifel Financial Corp now owns 18,119 shares of the company’s stock worth $181,000 after buying an additional 1,535 shares during the last quarter. Highbridge Capital Management LLC acquired a new position in McClatchy Company (The) during the first quarter worth $540,000. Whitebox Advisors LLC acquired a new position in McClatchy Company (The) during the first quarter worth $484,000. Finally, Hancock Holding Co. acquired a new position in McClatchy Company (The) during the second quarter worth $181,000. 34.97% of the stock is owned by institutional investors.
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About McClatchy Company (The)
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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