McClatchy (NYSEAMERICAN:MNI) Share Price Passes Above 200-Day Moving Average of $0.00

McClatchy Co (NYSEAMERICAN:MNI)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.00 and traded as high as $2.55. McClatchy shares last traded at $2.55, with a volume of 246 shares traded.

MNI has been the subject of a number of recent analyst reports. Noble Financial reaffirmed a “buy” rating and set a $5.00 target price on shares of McClatchy in a research report on Sunday, August 11th. Zacks Investment Research cut McClatchy from a “buy” rating to a “hold” rating in a research report on Thursday, August 8th.

McClatchy (NYSEAMERICAN:MNI) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($1.44) earnings per share for the quarter, beating the consensus estimate of ($1.63) by $0.19. The business had revenue of $178.66 million during the quarter, compared to the consensus estimate of $190.40 million.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Goelzer Investment Management Inc. acquired a new position in shares of McClatchy in the second quarter valued at $31,000. Cooperman Leon G raised its stake in McClatchy by 44.9% during the second quarter. Cooperman Leon G now owns 441,050 shares of the company’s stock worth $1,151,000 after acquiring an additional 136,633 shares in the last quarter. Creative Planning acquired a new position in McClatchy during the second quarter worth $27,000. Finally, Eidelman Virant Capital acquired a new position in McClatchy during the second quarter worth $109,000. 35.62% of the stock is owned by institutional investors.

About McClatchy (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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