David Henry Hoffmann Acquires 15,200 Shares of Lee Enterprises (NYSE:LEE) Stock

Lee Enterprises, Incorporated (NYSE:LEE) Director David Henry Hoffmann acquired 15,200 shares of Lee Enterprises stock in a transaction that occurred on Monday, February 23rd. The stock was bought at an average price of $8.91 per share, for a total transaction of $135,432.00. Following the completion of the acquisition, the director owned 10,973,139 shares in the company, valued at $97,770,668.49. This trade represents a 0.14% increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

David Henry Hoffmann also recently made the following trade(s):

• On Thursday, February 19th, David Henry Hoffmann bought 10,600 shares of Lee Enterprises stock. The shares were bought at an average cost of $7.81 per share, with a total value of $82,786.00.
• On Tuesday, February 17th, David Henry Hoffmann purchased 10,600 shares of Lee Enterprises stock. The shares were bought at an average price of $7.10 per share, with a total value of $75,260.00.
• On Friday, February 13th, David Henry Hoffmann purchased 6,099 shares of Lee Enterprises stock. The stock was bought at an average cost of $7.17 per share, for a total transaction of $43,729.83.

Lee Enterprises Trading Down 3.1%

Shares of LEE stock traded down $0.27 during trading hours on Monday, hitting $8.35. The company had a trading volume of 122,117 shares, compared to its average volume of 57,212. The company has a debt-to-equity ratio of 69.34, a current ratio of 0.78 and a quick ratio of 0.72. The stock has a market capitalization of $52.29 million, a PE ratio of -1.15 and a beta of 0.55. The company’s fifty day moving average is $5.20 and its 200 day moving average is $4.73. Lee Enterprises, Incorporated has a fifty-two week low of $3.34 and a fifty-two week high of $11.21.

Hedge Funds Weigh In On Lee Enterprises

Several hedge funds have recently bought and sold shares of LEE. Teton Advisors LLC boosted its holdings in Lee Enterprises by 13.3% during the 4th quarter. Teton Advisors LLC now owns 17,000 shares of the company’s stock valued at $81,000 after acquiring an additional 2,000 shares during the period. Gabelli Funds LLC lifted its position in shares of Lee Enterprises by 2.2% during the second quarter. Gabelli Funds LLC now owns 202,482 shares of the company’s stock worth $1,296,000 after purchasing an additional 4,389 shares in the last quarter. Murphy Pohlad Asset Management LLC purchased a new position in shares of Lee Enterprises in the third quarter valued at approximately $66,000. Jane Street Group LLC purchased a new position in shares of Lee Enterprises in the second quarter valued at approximately $86,000. Finally, Wittenberg Investment Management Inc. grew its holdings in shares of Lee Enterprises by 20.1% in the second quarter. Wittenberg Investment Management Inc. now owns 85,043 shares of the company’s stock valued at $544,000 after purchasing an additional 14,262 shares in the last quarter. Institutional investors and hedge funds own 39.20% of the company’s stock.

Lee Enterprises Company Profile

Lee Enterprises, Inc is a publicly traded media company based in Davenport, Iowa, with a heritage dating back to 1890 when Alfred W. Lee acquired the Davenport Times-Democrat. Over the decades, the company has grown through acquisitions and organic expansion to become one of the largest regional news publishers in the United States. Lee Enterprises’ shares trade on the New York Stock Exchange under the ticker symbol LEE.

The company’s principal activities center on the production and distribution of local journalism across print and digital channels.