McClatchy Company (The) (NYSE:MNI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Tuesday.

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) “

A number of other research firms also recently weighed in on MNI. Noble Financial restated a “hold” rating on shares of McClatchy Company (The) in a research report on Friday, July 21st. ValuEngine downgraded McClatchy Company (The) from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st.

McClatchy Company (NYSE MNI) opened at 7.30 on Tuesday. The company’s 50-day moving average price is $7.19 and its 200 day moving average price is $9.15. McClatchy Company has a one year low of $5.75 and a one year high of $19.00. The firm’s market capitalization is $55.64 million.

McClatchy Company (The) (NYSE:MNI) last released its 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 firm 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, analysts forecast that McClatchy Company will post ($6.11) earnings per share for the current year.

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A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Susquehanna International Group LLP acquired a new stake in McClatchy Company (The) in the second quarter worth approximately $942,000. Tower Research Capital LLC TRC lifted its position in shares of McClatchy Company (The) by 1,102.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 10,845 shares of the company’s stock valued at $101,000 after acquiring an additional 9,943 shares during the last quarter. Stifel Financial Corp lifted its position in shares of McClatchy Company (The) by 14.7% during the 2nd quarter. Stifel Financial Corp now owns 20,778 shares of the company’s stock valued at $197,000 after acquiring an additional 2,659 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of McClatchy Company (The) by 3.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 380,782 shares of the company’s stock valued at $3,557,000 after acquiring an additional 14,170 shares during the last quarter. Finally, Hancock Holding Co. acquired a new stake in shares of McClatchy Company (The) during the 2nd quarter valued at $181,000. Hedge funds and other institutional investors own 35.62% 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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