An issue of McClatchy Company (The) (NYSE:MNI) debt rose 1.5% against its face value during trading on Wednesday. The high-yield issue of debt has a 6.875% coupon and will mature on March 15, 2029. The debt is now trading at $78.38 and was trading at $73.00 one week ago. Price changes in a company’s debt in credit markets sometimes predict parallel changes in its share price.

A number of brokerages have recently issued reports on MNI. Zacks Investment Research upgraded shares of McClatchy Company (The) from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th. Noble Financial restated a “buy” rating on shares of McClatchy Company (The) in a research report on Saturday, May 6th.

Shares of McClatchy Company (NYSE:MNI) traded down 2.60% on Wednesday, hitting $7.13. 32,210 shares of the stock were exchanged. McClatchy Company has a 52-week low of $5.75 and a 52-week high of $19.00. The company’s market cap is $54.34 million. The company has a 50 day moving average of $7.67 and a 200 day moving average of $9.61.

McClatchy Company (The) (NYSE:MNI) last posted its quarterly earnings results on Friday, July 21st. The company reported ($0.79) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $229.70 million. Equities research analysts forecast that McClatchy Company will post ($6.11) earnings per share for the current year.

Several institutional investors have recently bought and sold shares of MNI. Susquehanna International Group LLP purchased a new position in McClatchy Company (The) during the second quarter worth about $942,000. Tower Research Capital LLC TRC increased its position 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 worth $101,000 after buying an additional 9,943 shares during the last quarter. 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 worth $197,000 after buying an additional 2,659 shares during the last quarter. 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 worth $3,557,000 after buying an additional 14,170 shares during the last quarter. Finally, Hancock Holding Co. purchased a new position in McClatchy Company (The) during the second quarter worth about $181,000. 35.62% of the stock is currently owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY NOTICE: This piece was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece on another publication, it was copied illegally and republished in violation of US & international copyright and trademark laws. The legal version of this piece can be read at https://www.thecerbatgem.com/2017/08/30/mcclatchy-company-the-mni-bond-prices-rise-1-5.html.

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.

Receive News & Stock Ratings for McClatchy Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McClatchy Company (The) and related stocks with our FREE daily email newsletter.