McClatchy Company (The) (MNI) Lowered to Strong Sell at ValuEngine
ValuEngine downgraded shares of McClatchy Company (The) (NYSE:MNI) from a sell rating to a strong sell rating in a report published on Friday.
A number of other equities research analysts have also recently issued reports on the stock. Noble Financial reaffirmed a hold rating on shares of McClatchy Company (The) in a report on Friday, July 21st. Zacks Investment Research cut shares of McClatchy Company (The) from a hold rating to a sell rating in a report on Wednesday, July 26th.
Shares of McClatchy Company (MNI) traded up 0.27% during midday trading on Friday, hitting $7.30. The stock had a trading volume of 9,436 shares. The company’s 50 day moving average price is $7.47 and its 200-day moving average price is $9.46. McClatchy Company has a 1-year low of $5.75 and a 1-year high of $19.00. The firm’s market capitalization is $55.64 million.
McClatchy Company (The) (NYSE:MNI) last issued its earnings results on Friday, July 21st. The company reported ($0.79) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.60) by $0.19. The firm had revenue of $225.12 million during the quarter, compared to the consensus estimate of $229.70 million. McClatchy Company (The) had a negative net margin of 14.81% and a negative return on equity of 13.89%. Equities analysts predict that McClatchy Company will post ($6.11) earnings per share for the current year.
ILLEGAL ACTIVITY WARNING: “McClatchy Company (The) (MNI) Lowered to Strong Sell at ValuEngine” was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this news story on another site, it was illegally copied and reposted in violation of United States and international copyright and trademark laws. The original version of this news story can be viewed at https://www.thecerbatgem.com/2017/09/02/mcclatchy-company-the-mni-lowered-to-strong-sell-at-valuengine.html.
Several large investors have recently modified their holdings of the stock. Susquehanna International Group LLP purchased a new stake in shares of McClatchy Company (The) during the second quarter worth about $942,000. Highbridge Capital Management LLC purchased a new stake in shares of McClatchy Company (The) during the first quarter worth about $540,000. Whitebox Advisors LLC purchased a new stake in shares of McClatchy Company (The) during the first quarter worth about $484,000. Hancock Holding Co. purchased a new stake in shares of McClatchy Company (The) during the second quarter worth about $181,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of 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. 35.62% of the stock is currently owned by institutional investors.
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.
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.