McClatchy Co (NYSEAMERICAN:MNI)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.00 and traded as high as $2.38. McClatchy shares last traded at $2.20, with a volume of 501 shares changing hands.
Several brokerages have recently weighed in on MNI. Noble Financial restated a “buy” rating and set a $5.00 price target on shares of McClatchy in a report on Sunday, August 11th. Zacks Investment Research downgraded McClatchy from a “buy” rating to a “hold” rating in a report on Thursday, August 8th.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MNI. Eidelman Virant Capital bought a new stake in McClatchy in the 2nd quarter worth about $109,000. Creative Planning bought a new stake in McClatchy in the 2nd quarter worth about $27,000. Goelzer Investment Management Inc. bought a new stake in McClatchy in the 2nd quarter worth about $31,000. Finally, Cooperman Leon G increased its holdings in McClatchy by 44.9% in the 2nd quarter. Cooperman Leon G now owns 441,050 shares of the company’s stock worth $1,151,000 after buying an additional 136,633 shares in the last quarter. Institutional investors own 35.62% of the company’s stock.
McClatchy Company Profile (NYSEAMERICAN:MNI)
The McClatchy Company publishes newspapers and news Websites 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, and The (Fort Worth) Star-Telegram. It also provides niche publications and community newspapers, as well as other print and digital direct marketing services.
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