McClatchy Company (The) (NYSE:MNI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Thursday.

According to Zacks, “McClatchy Company is a newspaper and Internet publisher. It publishes daily and non-daily newspapers located in western coastal states, North and South Carolina and Minnesota. McClatchy also publishes a local website in each of its daily newspaper markets, offering readers information, comprehensive news, advertising, e-commerce and other services. McClatchy also owns and operates other media-related businesses, including Nando Media, a national on-line publishing operation, and The Newspaper Network, a national newspaper marketing company. (Company Press Release) “

Other research analysts have also issued reports about the stock. Noble Financial restated a “hold” rating on shares of McClatchy Company (The) in a report on Friday, July 21st. ValuEngine lowered shares of McClatchy Company (The) from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st.

Shares of McClatchy Company (NYSE:MNI) opened at 7.25 on Thursday. The firm has a 50-day moving average of $7.22 and a 200-day moving average of $9.23. McClatchy Company has a 12-month low of $5.75 and a 12-month high of $19.00. The firm’s market capitalization is $55.26 million.

McClatchy Company (The) (NYSE:MNI) last issued its quarterly earnings data on Friday, July 21st. The company reported ($0.79) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.60) by ($0.19). McClatchy Company (The) had a negative return on equity of 13.89% and a negative net margin of 14.81%. The company had revenue of $225.12 million during the quarter, compared to the consensus estimate of $229.70 million. Equities analysts anticipate that McClatchy Company will post ($6.11) earnings per share for the current year.

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Several institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its stake in shares of McClatchy Company (The) by 3.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 380,782 shares of the company’s stock worth $3,557,000 after acquiring an additional 14,170 shares in the last quarter. Susquehanna International Group LLP bought a new position in shares of McClatchy Company (The) in the 2nd quarter worth about $942,000. Highbridge Capital Management LLC bought a new position in shares of McClatchy Company (The) in the 1st quarter worth about $540,000. Whitebox Advisors LLC bought a new position in shares of McClatchy Company (The) in the 1st quarter worth about $484,000. Finally, Stifel Financial Corp increased its stake in shares of McClatchy Company (The) by 14.7% in the 2nd quarter. Stifel Financial Corp now owns 20,778 shares of the company’s stock worth $197,000 after acquiring an additional 2,659 shares in the last quarter. Institutional investors own 35.62% of the company’s stock.

McClatchy Company (The) Company Profile

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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