Media headlines about McClatchy Company (The) (NYSE:MNI) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. McClatchy Company (The) earned a daily sentiment score of 0.11 on Accern’s scale. Accern also gave media stories about the company an impact score of 46.0322683721771 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Shares of McClatchy Company (MNI) traded down 2.20% during midday trading on Tuesday, reaching $7.11. 41,216 shares of the company were exchanged. The company’s 50-day moving average price is $9.01 and its 200 day moving average price is $10.19. The stock’s market capitalization is $54.19 million. McClatchy Company has a 52-week low of $7.01 and a 52-week high of $19.00.
McClatchy Company (The) (NYSE:MNI) last issued its quarterly earnings results on Friday, July 21st. The company reported ($0.79) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.60) by $0.19. The company had revenue of $225.12 million during the quarter, compared to analyst estimates of $229.70 million. McClatchy Company (The) had a negative return on equity of 13.89% and a negative net margin of 14.81%. On average, equities analysts predict that McClatchy Company will post ($6.11) earnings per share for the current year.
Several equities analysts recently commented on the company. Noble Financial reissued a “buy” rating on shares of McClatchy Company (The) in a report on Saturday, May 6th. Zacks Investment Research upgraded shares of McClatchy Company (The) from a “sell” rating to a “hold” rating in a research note on Thursday, July 6th.
In related news, insider Craig I. Forman acquired 5,500 shares of the company’s stock in a transaction on Friday, May 19th. The shares were purchased at an average price of $8.23 per share, for a total transaction of $45,265.00. Following the purchase, the insider now owns 9,200 shares in the company, valued at $75,716. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Contrarius Investment Manageme sold 11,707 shares of the company’s stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $9.24, for a total transaction of $108,172.68. The disclosure for this sale can be found here. Insiders sold a total of 50,891 shares of company stock worth $434,201 over the last quarter. Insiders own 34.91% 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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