Insider Trading Review: McClatchy Company (The) $MNI

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McClatchy Company (The) (ARCA:MNI) insider have most recently took part in a trading activity. On Dec 1, 2017 Chatham Asset Management, Llc, 10% Owner bought 723 shares having total worth of $7,389 at the price of $10.22 per share, following the transaction a total of 1,020,722 shares owned by Chatham Asset Management, Llc. Before this latest buy, Chatham Asset Management, Llc purchased MNI at 13 other times during the past twelve months, for a total investment of $62.46M at an average of $9.08 per share.

The stock has experienced a total of 13 insider trades in the past three months. These trades include 13 buy trades. Furthermore, over the past 12 months , the stock was traded 35 times by insiders. In 21 of these trades, the insider was a seller while an employee of the company was the buyer in 14 instances.

Time Frame Number of Insider Buy Number of Insider Sell Stock Price Change(%)
3 Month 13 0 25.54%
12 Month 14 21 -30.64%

Shares of McClatchy Company (The) (ARCA:MNI) traded up 1.12% on Dec 1, 2017, hitting $10.37. 9,510 shares of the company’s stock traded hands. McClatchy Company (The) has a 52 week low of $6.04 and a 52 week high of $19.4. The company’s market cap is $114 million.

McClatchy Company (The) (ARCA:MNI) last announced its earnings results on Oct 16, 2017. The company reported -0.77 earnings per share (EPS) for the quarter, lower than the consensus estimate of -0.55 by $0.22. The company had revenue of $213 million for the quarter, compared to the consensus estimate of $224 million. During the same quarter in the previous year, the company posted -0.28 earnings per share. The company’s revenue for the quarter was down 9% on a year-over-year basis.

2017-10-16 2017-07-21 2017-05-04 2017-02-09 2016-10-20 2016-07-21 2016-04-20 2016-02-10 2015-10-27 2015-07-24
earnings per share -0.77 -0.80 -1.91 1.68 -0.28 -0.19 -0.10 0.20 0.04 0.00
Revenue(M) 212.6 225.12 221.21 262.18 234.7 242.23 237.98 285.83 251.21 262.36

The McClatchy Company is a Delaware corporation incorporated on 1987. The Company is a news, advertising and information provider, offering an array of print and digital products in each of the markets it serves. The Company’s operations include 30 daily newspapers, community newspapers, websites, mobile news and advertising, niche publications, direct marketing and direct mail services. The Company’s newspapers include The Miami Herald, The Sacramento Bee, Fort Worth Star-Telegram, The Kansas City Star, The Charlotte Observer and The News & Observer in Raleigh, N.C. The Company has two operating segments. Each segment consists mainly of a group of newspapers and related businesses reporting to segment managers that are aggregated into a single reportable segment. One operating segment consists mainly of the Company’s newspaper operations in California, the Northwest and Texas while the other operating segment consists mainly of newspaper operations in the Southeast, the Gulf Coast and the Midwest. It also owns a portfolio of premium digital assets, including 15.0% of CareerBuilder, LLC, which operates the nation’s online job site, CareerBuilder.com, 25.6% of Classified Ventures, LLC, a company that offers classified websites such as the auto website Cars.com and the rental site Apartments.com, and 33.3% of HomeFinder, LLC, which operates the online real estate website HomeFinder.com. The Company’s main source of revenue is print and digital advertising. The Company’s newspapers, direct marketing programs and internet sites compete for advertising revenues and readers’ time with television, radio, other internet sites, direct mail companies, free shoppers, suburban neighborhood and national newspapers and other publications, and billboard companies, among others. In some of its markets, the Company’s newspapers also compete with other newspapers published in nearby cities and towns. The Company faces competition, particularly in the areas of employment, automotive and real estate advertising, from online competitors. To address the structural shift to digital media, the Company’s newspapers provide editorial content on a wide variety of platforms and formats—from its daily newspaper to local websites; on social network sites such as Facebook and Twitter; on smartphones and on e-readers; on blogs and in niche publications and websites; in e-mail newsletters and RSS feeds.

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.