An issue of McClatchy Company (The) (NYSE:MNI) debt rose 1.5% against its face value during trading on Friday. The high-yield debt issue has a 9% coupon and is set to mature on December 15, 2022. The debt is now trading at $103.00 and was trading at $102.25 one week ago. Price changes in a company’s debt in credit markets often anticipate parallel changes in its share price.
A number of research firms have issued reports on MNI. Zacks Investment Research raised shares of McClatchy Company (The) from a “sell” rating to a “hold” rating in a report on Thursday, July 6th. Noble Financial reissued a “buy” rating on shares of McClatchy Company (The) in a report on Saturday, May 6th.
Shares of McClatchy Company (NYSE:MNI) opened at 7.46 on Friday. McClatchy Company has a 12-month low of $5.75 and a 12-month high of $19.00. The firm has a 50-day moving average of $7.67 and a 200-day moving average of $9.61. The company’s market cap is $56.86 million.
McClatchy Company (The) (NYSE:MNI) last released its earnings results on Friday, July 21st. The company reported ($0.79) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.60) by $0.19. McClatchy Company (The) had a negative return on equity of 13.89% and a negative net margin of 14.81%. The firm had revenue of $225.12 million during the quarter, compared to analysts’ expectations of $229.70 million. Analysts predict that McClatchy Company will post ($6.11) EPS for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of MNI. Dimensional Fund Advisors LP increased its position in McClatchy Company (The) by 3.9% in the second quarter. Dimensional Fund Advisors LP now owns 380,782 shares of the company’s stock valued at $3,557,000 after buying an additional 14,170 shares during the last quarter. Susquehanna International Group LLP acquired a new position in McClatchy Company (The) during the second quarter valued at $942,000. Highbridge Capital Management LLC acquired a new position in McClatchy Company (The) during the first quarter valued at $540,000. Whitebox Advisors LLC acquired a new position in McClatchy Company (The) during the first quarter valued at $484,000. Finally, Stifel Financial Corp increased its position in McClatchy Company (The) by 14.7% in the second quarter. Stifel Financial Corp now owns 20,778 shares of the company’s stock valued at $197,000 after buying an additional 2,659 shares during the last quarter. Institutional investors and hedge funds own 34.97% of the company’s stock.
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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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