McClatchy Co (MNI) Short Interest Update

McClatchy Co (NYSE:MNI) saw a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 945,519 shares, an increase of 6.6% from the October 13th total of 886,995 shares. Based on an average trading volume of 60,563 shares, the days-to-cover ratio is currently 15.6 days. Approximately 19.1% of the company’s shares are short sold.

A number of equities research analysts recently commented on the company. Zacks Investment Research cut McClatchy from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 26th. Noble Financial reaffirmed a “hold” rating on shares of McClatchy in a research note on Tuesday, October 24th. Finally, ValuEngine cut McClatchy from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st.

Shares of McClatchy (MNI) opened at $8.80 on Monday. The company has a current ratio of 0.85, a quick ratio of 0.79 and a debt-to-equity ratio of -93.38. McClatchy has a 52 week low of $5.75 and a 52 week high of $15.84.

McClatchy (NYSE:MNI) last announced its quarterly earnings data on Monday, October 16th. The company reported ($0.78) EPS for the quarter, missing analysts’ consensus estimates of ($0.55) by ($0.23). The company had revenue of $212.60 million during the quarter, compared to analyst estimates of $223.96 million.

In related news, major shareholder Chatham Asset Management, Llc acquired 8,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The stock was acquired at an average cost of $9.60 per share, with a total value of $81,600.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last 90 days, insiders have bought 455,373 shares of company stock valued at $3,917,614. 34.91% of the stock is currently owned by corporate insiders.

Institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC grew its stake in McClatchy by 1,102.3% in the second quarter. Tower Research Capital LLC TRC now owns 10,845 shares of the company’s stock valued at $101,000 after acquiring an additional 9,943 shares during the period. Hancock Holding Co. acquired a new position in McClatchy in the second quarter valued at about $181,000. Stifel Financial Corp grew its stake in McClatchy 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 acquiring an additional 2,659 shares during the period. Susquehanna International Group LLP acquired a new position in McClatchy in the second quarter valued at about $942,000. Finally, Dimensional Fund Advisors LP grew its stake in McClatchy by 0.8% in the first quarter. Dimensional Fund Advisors LP now owns 366,612 shares of the company’s stock valued at $3,545,000 after acquiring an additional 2,843 shares during the period. 35.62% of the stock is owned by institutional investors and hedge funds.

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McClatchy Company Profile

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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