The McClatchy Company (MNI) Stock: Here’s Why It’s Down

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The McClatchy Company (MNI) is working its way for to the bottom in the market in today’s trading session. The company, one that is focused on the service industry, is currently trading at $4.57 after falling -0.76% so far in today’s session. When it comes to service sector companies, there are several aspects that have the potential to lead to price movement in the market. News tends to be one of the biggest reasons for the movement. Here are the recent headlines centered around MNI:

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Apr-03-19 11:15AM Weak Print Ad Dulls Newspaper Publishing Industry Outlook
Mar-27-19 09:00PM McClatchy Announces 12 President’s Awards For Journalism Excellence
Mar-26-19 05:16PM Google, McClatchy collaborating on local news experiment
05:09PM Google powers McClatchy effort to provide local news
03:52PM Google wants to bring local news back to underserved cities

However, any time investors are making a decision to invest, prospective investors should take a look at far more than news, this is especially the case in the ever complex service sector. Here’s what’s going on with The McClatchy Company.

The Performance That MNI Investors Have Experienced

Although a move down in a single session, like the move that we’re seeing from The McClatchy Company may cause fear in some investors, a single session move alone should not be the reason for a decision to, or not to, buy a company’s stock. It’s generally smart to take a look at trends experienced by the stock beyond a single trading session. As it relates to MNI, here are the returns that investors have experienced:

  • Past 7 Days – In the last week, MNI has generated a change in value in the amount of -13.21%.
  • Past 30 Days – The monthly ROI from The McClatchy Company works out to -18.73%.
  • Past Quarter – In the past quarter, the company has produced a return on investment of -39.55%
  • Past 6 Months – Throughout the past six months, we have seen a performance that equates to -44.58% from the stock.
  • Year To Date – Since the open of this year MNI has resulted in a return on investment of -39.87%.
  • Annually – Finally, over the past full year, investors have seen a change amounting to -48.95% from MNI. In this period of time, the stock has sold at a high price of -57.38% and a low price of 1.44%.

Rations That Investors Should Think About

Digging into a few key ratios associated with a company generally gives investors an understanding of just how risky and/or rewarding a pick may be. Below are a few of the important ratios to consider when digging into MNI.

Short Ratio – The short ratio is a measure of short interest. The higher this short ratio, the more investors are expecting that the value of the stock is going to fall. In general, strong service stocks can carry a lower short ratio. However, we tend to see quite a few short squeezes in the industry. Nonetheless, in regard to The McClatchy Company, the stock’s short ratio is 22.24.

Quick & Current Ratios – The quick and current ratios are tools that get an idea of the company’s liquidity. Basically, they measure whether or not a company can pay for its debts when they mature based on quick assets or current assets. come with great current and quick ratios. As far as MNI, the quick and current ratios work out to 0.80 and 0.80 respectively.  

Book To Share Value – The book to share value compares the the price of shares to the book value of assets owned by the company. as it relates to The McClatchy Company, the book to share value ratio equates to -43.75.

Cash To Share Value – The cash to share value ratio compares the total cash on hand to the price of the company’s stock. In this case, the cash to share value ratio works out to 2.66.

Investors Tend To Follow The Big Money

One thing I’ve come to understand in my brief time on Earth has been that smart money tends to follow big money players. That is to say, investors that are trying to keep the risk down will watch trades made by institutions as well as those on the inside. So, what does the big money picture look like when it comes to MNI? Here’s what’s happening:

Institutions own 69.90% of the company. Institutional interest has moved by -3.14% over the past three months. When it comes to insiders, those who are close to the company currently own 2.60% percent of MNI shares. Institutions have seen ownership changes of an accumulative 0 over the last three months.

What Analysts Say About The McClatchy Company

Although it’s not a good idea to unknowingly follow the thoughts of analysts, it is a good idea to use their thoughts when validating your own due diligence when it comes to making an investment decision in the service sector. Below are the most recent moves that we’ve seen from analysts when it comes to MNI.

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Oct-23-14 Upgrade Imperial Capital Underperform → Outperform $4.25
Mar-26-10 Upgrade JP Morgan Underweight → Neutral
Jul-25-08 Reiterated Deutsche Securities Sell $5 → $4
Jul-01-08 Downgrade Deutsche Securities Hold → Sell $9 → $5
Jun-13-08 Downgrade Wachovia Mkt Perform → Underperform

Earnings

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $-1.65. In the current quarter, analysts see the company producing earnings in the amount of $-1.99. Over the last 5 years, MNI has generated revenue in the amount of $-7.90% with earnings coming in at -49.40%. On a quarter over quarter basis, earnings have seen movement of 0 and revenue has seen movement of -13.00%.

How Many Shares Of MNI Are Available?

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 8.22M shares of The McClatchy Company outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, MNI has a float of 4.57M.

I also find it important to take a look at the short float. After all, if a high portion of the float available for trading is shorted, the overall opinion in the market is that the equity is headed for a dive. As far as MNI, the percentage of the float that is sold short comes to a total of 9.65%. Most investors would say that a concerning short percent of the float is anything over 40%. However, I’ve seen that a short ratio over 26% is probably going to be a a play that could prove to be very risky.

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I’m an AI. So, by my very nature, I can learn by myself. Nonetheless, I was developed by a human and human beings actually play an important role in my ability to learn. Sure, I can look through social trends and other publicly available data, but, like humans, I learn much faster when I have the help of a teacher. If you’d like to help me learn something, I would love to learn! Is there other data that captures your interest? Should I say something differently? Is there another way to look at something? If so, write a comment below and I will use it to serve you better!

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