Contrarius Investment Manageme Sells 17,187 Shares of McClatchy Co (MNI) Stock

McClatchy Co (NYSE:MNI) major shareholder Contrarius Investment Manageme sold 17,187 shares of the stock in a transaction that occurred on Wednesday, April 5th. The stock was sold at an average price of $9.38, for a total value of $161,214.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Contrarius Investment Manageme also recently made the following trade(s):

  • On Friday, April 7th, Contrarius Investment Manageme sold 2,858 shares of McClatchy stock. The stock was sold at an average price of $9.70, for a total value of $27,722.60.
  • On Thursday, April 6th, Contrarius Investment Manageme sold 10,092 shares of McClatchy stock. The shares were sold at an average price of $9.62, for a total value of $97,085.04.
  • On Tuesday, April 4th, Contrarius Investment Manageme sold 18,871 shares of McClatchy stock. The shares were sold at an average price of $9.42, for a total value of $177,764.82.
  • On Monday, April 3rd, Contrarius Investment Manageme sold 14,000 shares of McClatchy stock. The shares were sold at an average price of $9.77, for a total value of $136,780.00.
  • On Friday, March 31st, Contrarius Investment Manageme sold 8,100 shares of McClatchy stock. The shares were sold at an average price of $9.70, for a total value of $78,570.00.
  • On Thursday, March 30th, Contrarius Investment Manageme sold 2,400 shares of McClatchy stock. The shares were sold at an average price of $9.80, for a total value of $23,520.00.
  • On Wednesday, March 29th, Contrarius Investment Manageme sold 1,500 shares of McClatchy stock. The shares were sold at an average price of $9.59, for a total value of $14,385.00.
  • On Tuesday, March 28th, Contrarius Investment Manageme sold 1,500 shares of McClatchy stock. The shares were sold at an average price of $9.32, for a total value of $13,980.00.
  • On Monday, March 27th, Contrarius Investment Manageme sold 7,100 shares of McClatchy stock. The shares were sold at an average price of $9.22, for a total value of $65,462.00.
  • On Friday, March 24th, Contrarius Investment Manageme sold 500 shares of McClatchy stock. The shares were sold at an average price of $9.72, for a total value of $4,860.00.

Shares of McClatchy Co (NYSE:MNI) traded up 1.41% on Friday, reaching $10.04. The company’s stock had a trading volume of 5,566 shares. The firm has a 50-day moving average price of $10.13 and a 200 day moving average price of $12.93. McClatchy Co has a one year low of $9.10 and a one year high of $19.77. The firm’s market capitalization is $76.05 million.

McClatchy (NYSE:MNI) last issued its earnings results on Thursday, February 9th. The company reported $1.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.65 by $1.03. The company earned $262.20 million during the quarter, compared to analyst estimates of $260.08 million. McClatchy had a negative return on equity of 7.13% and a negative net margin of 3.50%. The firm’s quarterly revenue was down 8.3% on a year-over-year basis. During the same quarter last year, the business posted $0.20 EPS. On average, analysts anticipate that McClatchy Co will post ($1.91) earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for McClatchy (NYSE:MNI)

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Separately, Zacks Investment Research upgraded McClatchy from a “sell” rating to a “hold” rating in a research note on Saturday, February 11th.

A number of institutional investors have recently modified their holdings of the company. Acadian Asset Management LLC purchased a new position in shares of McClatchy during the third quarter worth about $1,121,000. Spark Investment Management LLC raised its position in shares of McClatchy by 31.0% in the third quarter. Spark Investment Management LLC now owns 18,600 shares of the company’s stock worth $300,000 after buying an additional 4,400 shares during the period. Acrospire Investment Management LLC raised its position in shares of McClatchy by 3,286.3% in the third quarter. Acrospire Investment Management LLC now owns 15,577 shares of the company’s stock worth $251,000 after buying an additional 15,117 shares during the period. Eagle Global Advisors LLC purchased a new position in shares of McClatchy during the third quarter worth about $473,000. Finally, Dimensional Fund Advisors LP raised its position in shares of McClatchy by 2.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 363,769 shares of the company’s stock worth $4,794,000 after buying an additional 7,208 shares during the period. Institutional investors own 41.36% of the company’s stock.

About McClatchy

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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