Insider Selling: Anders Gyllenhaal Sells 59,716 Shares of McClatchy Stock (MNI)

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McClatchy (NYSE:MNI) VP Anders Gyllenhaal sold 59,716 shares of the stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $4.42, for a total transaction of $263,944.72. Following the sale, the vice president now directly owns 17,144 shares in the company, valued at approximately $75,776. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

McClatchy (NYSE:MNI) traded down 1.11% on Friday, hitting $4.46. The stock had a trading volume of 443,485 shares. McClatchy has a one year low of $2.75 and a one year high of $7.39. The stock has a 50-day moving average of $5.09 and a 200-day moving average of $5.37. The company has a market cap of $386.9 million and a price-to-earnings ratio of 4.27.

McClatchy (NYSE:MNI) last posted its quarterly earnings results on Thursday, July 24th. The company reported $1.03 EPS for the quarter. The company had revenue of $292.00 million for the quarter, compared to the consensus estimate of $301.61 million. Analysts expect that McClatchy will post $0.33 EPS for the current fiscal year.

Separately, analysts at TheStreet downgraded shares of McClatchy from a “hold” rating to a “sell” rating in a research note on Wednesday, June 4th.

The McClatchy Company (NYSE:MNI) is a local media company.

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