McClatchy Company (The) (NYSE:MNI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

According to Zacks, “McClatchy Company is a newspaper and Internet publisher. It publishes daily and non-daily newspapers located in western coastal states, North and South Carolina and Minnesota. McClatchy also publishes a local website in each of its daily newspaper markets, offering readers information, comprehensive news, advertising, e-commerce and other services. McClatchy also owns and operates other media-related businesses, including Nando Media, a national on-line publishing operation, and The Newspaper Network, a national newspaper marketing company. (Company Press Release) “

Several other research analysts have also commented on MNI. Noble Financial restated a “hold” rating on shares of McClatchy Company (The) in a report on Friday, July 21st. ValuEngine lowered shares of McClatchy Company (The) from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st.

Shares of McClatchy Company (NYSE:MNI) traded up 2.33% during trading on Tuesday, reaching $7.25. 3,719 shares of the company were exchanged. McClatchy Company has a 1-year low of $5.75 and a 1-year high of $19.00. The company’s 50-day moving average is $7.19 and its 200 day moving average is $9.15. The firm’s market capitalization is $55.26 million.

McClatchy Company (The) (NYSE:MNI) last announced its quarterly earnings data 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 return on equity of 13.89% and a negative net margin of 14.81%. The company had revenue of $225.12 million for the quarter, compared to analysts’ expectations of $229.70 million. Equities research analysts expect that McClatchy Company will post ($6.11) EPS for the current fiscal year.

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Several institutional investors and hedge funds have recently bought and sold shares of MNI. Stifel Financial Corp raised its stake in shares of McClatchy Company (The) by 9.3% during the first quarter. Stifel Financial Corp now owns 18,119 shares of the company’s stock valued at $181,000 after purchasing an additional 1,535 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of McClatchy Company (The) by 0.8% during the first quarter. Dimensional Fund Advisors LP now owns 366,612 shares of the company’s stock valued at $3,545,000 after purchasing an additional 2,843 shares during the period. Highbridge Capital Management LLC purchased a new stake in shares of McClatchy Company (The) during the first quarter valued at approximately $540,000. Whitebox Advisors LLC purchased a new stake in shares of McClatchy Company (The) during the first quarter valued at approximately $484,000. Finally, Hancock Holding Co. purchased a new stake in shares of McClatchy Company (The) during the second quarter valued at approximately $181,000. Institutional investors own 35.62% of the company’s stock.

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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