McClatchy Co (MNI) Major Shareholder Chatham Asset Management, Llc Purchases 2,500 Shares

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McClatchy Co (NYSEAMERICAN:MNI) major shareholder Chatham Asset Management, Llc bought 2,500 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were acquired at an average cost of $5.10 per share, for a total transaction of $12,750.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Chatham Asset Management, Llc also recently made the following trade(s):

  • On Monday, December 31st, Chatham Asset Management, Llc bought 5,000 shares of McClatchy stock. The shares were acquired at an average cost of $8.11 per share, for a total transaction of $40,550.00.
  • On Friday, December 28th, Chatham Asset Management, Llc bought 5,000 shares of McClatchy stock. The shares were acquired at an average cost of $8.12 per share, for a total transaction of $40,600.00.
  • On Monday, December 31st, Chatham Asset Management, Llc bought 10,000 shares of McClatchy stock. The shares were acquired at an average cost of $8.12 per share, for a total transaction of $81,200.00.

Shares of NYSEAMERICAN MNI traded down $0.28 during midday trading on Friday, hitting $4.91. 30,700 shares of the company’s stock were exchanged, compared to its average volume of 12,116. McClatchy Co has a twelve month low of $4.79 and a twelve month high of $10.71.

McClatchy (NYSEAMERICAN:MNI) last released its quarterly earnings results on Thursday, March 7th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of $1.19 by ($1.30). The business had revenue of $212.96 million during the quarter.

Separately, Noble Financial reissued a “hold” rating on shares of McClatchy in a research report on Wednesday.

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McClatchy Company Profile

The McClatchy Company provides news and advertising services in digital and print formats in the United States. Its publications include the Miami Herald, The Kansas City Star, The Sacramento Bee, The Charlotte Observer, The (Raleigh) News and Observer, The (Fort Worth) Star-Telegram, and The (Durham, NC) Herald-Sun.

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

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