McClatchy Company (The) (MNI) Stake Raised by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP boosted its stake in McClatchy Company (The) (NYSE:MNI) by 0.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 366,612 shares of the company’s stock after buying an additional 2,843 shares during the period. Dimensional Fund Advisors LP owned about 4.84% of McClatchy Company (The) worth $3,545,000 at the end of the most recent quarter.
Separately, Stifel Financial Corp increased its stake in shares of McClatchy Company (The) by 9.3% in the first quarter. Stifel Financial Corp now owns 18,119 shares of the company’s stock valued at $181,000 after buying an additional 1,535 shares during the last quarter. Institutional investors and hedge funds own 35.62% of the company’s stock.
Shares of McClatchy Company (MNI) traded down 1.78% during mid-day trading on Wednesday, hitting $7.19. 7,773 shares of the stock were exchanged. The stock’s market capitalization is $54.80 million. The stock’s 50-day moving average is $7.67 and its 200-day moving average is $9.61. McClatchy Company has a 52 week low of $5.75 and a 52 week high of $19.00.
McClatchy Company (The) (NYSE:MNI) last posted its earnings results on Friday, July 21st. The company reported ($0.79) EPS for the quarter, missing analysts’ consensus estimates of ($0.60) by $0.19. The firm had revenue of $225.12 million for 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%. Analysts forecast that McClatchy Company will post ($6.11) earnings per share for the current fiscal year.
MNI has been the subject of several research analyst reports. Noble Financial reaffirmed a “buy” rating on shares of McClatchy Company (The) in a report on Saturday, May 6th. Zacks Investment Research raised shares of McClatchy Company (The) from a “sell” rating to a “hold” rating in a report on Thursday, July 6th.
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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