Renaissance Technologies LLC trimmed its holdings in shares of The McClatchy Company (NYSEAMERICAN:MNI) by 13.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 42,130 shares of the company’s stock after selling 6,500 shares during the quarter. Renaissance Technologies LLC owned 0.55% of The McClatchy worth $376,000 at the end of the most recent reporting period.
Shares of The McClatchy opened at $10.16 on Friday, according to Marketbeat. The McClatchy Company has a 52-week low of $10.45 and a 52-week high of $10.45. The company has a current ratio of 0.85, a quick ratio of 0.79 and a debt-to-equity ratio of -93.38.
The McClatchy (NYSEAMERICAN:MNI) last posted its quarterly earnings results on Friday, April 27th. The company reported ($2.63) earnings per share for the quarter, missing analysts’ consensus estimates of ($2.12) by ($0.51). The company had revenue of $198.86 million for the quarter, compared to analysts’ expectations of $207.65 million.
Several equities research analysts have weighed in on MNI shares. Zacks Investment Research downgraded shares of The McClatchy from a “hold” rating to a “sell” rating in a research note on Thursday, May 3rd. Noble Financial reissued a “hold” rating on shares of The McClatchy in a report on Tuesday, May 1st.
In other news, Director Clyde W. Ostler acquired 5,000 shares of the company’s stock in a transaction on Wednesday, May 2nd. The shares were bought at an average cost of $9.41 per share, with a total value of $47,050.00. Following the transaction, the director now owns 18,500 shares in the company, valued at approximately $174,085. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Chatham Asset Management, Llc bought 5,700 shares of the stock in a transaction dated Wednesday, February 28th. The stock was bought at an average price of $9.35 per share, with a total value of $53,295.00. The disclosure for this purchase can be found here. Insiders bought a total of 13,228 shares of company stock worth $123,219 over the last three months. Insiders own 34.91% of the company’s stock.
About The McClatchy
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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