McClatchy Co (NYSEAMERICAN:MNI) was the recipient of a large drop in short interest in December. As of December 15th, there was short interest totalling 936,657 shares, a drop of 2.5% from the November 30th total of 960,670 shares. Based on an average daily volume of 31,542 shares, the days-to-cover ratio is currently 29.7 days. Approximately 18.7% of the company’s stock are short sold.

In other McClatchy news, major shareholder Chatham Asset Management, Llc acquired 103,601 shares of the stock in a transaction dated Monday, October 23rd. The stock was purchased at an average price of $8.33 per share, with a total value of $862,996.33. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders bought a total of 471,771 shares of company stock valued at $4,081,673 in the last three months. Insiders own 34.91% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of MNI. Hancock Holding Co. acquired a new stake in McClatchy during the 2nd quarter worth about $181,000. Dimensional Fund Advisors LP raised its stake in shares of McClatchy by 3.9% during the 2nd 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. Stifel Financial Corp raised its stake in shares of McClatchy by 14.7% during the 2nd 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. Tower Research Capital LLC TRC raised its stake in shares of McClatchy by 1,102.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 10,845 shares of the company’s stock valued at $101,000 after buying an additional 9,943 shares during the last quarter. Finally, Susquehanna International Group LLP purchased a new position in shares of McClatchy during the 2nd quarter valued at about $942,000. 35.62% of the stock is owned by institutional investors.

A number of analysts have commented on the company. Zacks Investment Research raised McClatchy from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. ValuEngine raised McClatchy from a “strong sell” rating to a “sell” rating in a research report on Thursday, October 26th. Finally, Noble Financial reaffirmed a “hold” rating on shares of McClatchy in a research report on Tuesday, October 24th.

Shares of McClatchy (NYSEAMERICAN:MNI) opened at $8.90 on Friday. McClatchy has a 52-week low of $5.75 and a 52-week high of $13.87. The company has a debt-to-equity ratio of -93.38, a quick ratio of 0.79 and a current ratio of 0.85. The company has a market capitalization of $73.81, a PE ratio of -0.17 and a beta of 1.13.

McClatchy (NYSEAMERICAN:MNI) last issued its quarterly earnings results on Monday, October 16th. The company reported ($0.78) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.55) by ($0.23). The business had revenue of $212.60 million during the quarter, compared to the consensus estimate of $223.96 million.

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About McClatchy

The McClatchy Company is a news and information publisher of various publications, such as the Miami Herald, 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. Its Western Segment consists of its newspaper operations in California, the Northwest and the Midwest.

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