Lee Enterprises (NYSE:LEE) Director Purchases $82,786.00 in Stock

Lee Enterprises, Incorporated (NYSE:LEE) Director David Henry Hoffmann bought 10,600 shares of the company’s stock in a transaction on Thursday, February 19th. The shares were bought at an average price of $7.81 per share, for a total transaction of $82,786.00. Following the transaction, the director owned 10,947,339 shares of the company’s stock, valued at approximately $85,498,717.59. This represents a 0.10% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Monday, February 23rd, David Henry Hoffmann purchased 15,200 shares of Lee Enterprises stock. The stock was bought at an average price of $8.91 per share, with a total value of $135,432.00.
• On Tuesday, February 17th, David Henry Hoffmann acquired 10,600 shares of Lee Enterprises stock. The shares were purchased at an average cost of $7.10 per share, with a total value of $75,260.00.
• On Friday, February 13th, David Henry Hoffmann acquired 6,099 shares of Lee Enterprises stock. The shares were acquired at an average cost of $7.17 per share, with a total value of $43,729.83.

Lee Enterprises Trading Up 0.5%

Shares of LEE opened at $8.77 on Thursday. The firm’s 50 day simple moving average is $5.50 and its 200 day simple moving average is $4.81. Lee Enterprises, Incorporated has a 1-year low of $3.34 and a 1-year high of $11.21. 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 company has a market capitalization of $54.92 million, a P/E ratio of -1.20 and a beta of 0.55.

Institutional Trading of Lee Enterprises

A number of institutional investors have recently modified their holdings of LEE. Royal Bank of Canada raised its position in Lee Enterprises by 15,715.8% during the 1st quarter. Royal Bank of Canada now owns 29,101 shares of the company’s stock valued at $302,000 after purchasing an additional 28,917 shares during the last quarter. Wittenberg Investment Management Inc. boosted its holdings in 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 acquiring an additional 14,262 shares in the last quarter. Gamco Investors INC. ET AL increased its position in Lee Enterprises by 4.9% during the 2nd quarter. Gamco Investors INC. ET AL now owns 493,816 shares of the company’s stock valued at $3,160,000 after purchasing an additional 23,269 shares during the period. Gabelli Funds LLC raised its holdings in Lee Enterprises by 2.2% in the 2nd 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. Finally, Jane Street Group LLC bought a new stake in shares of Lee Enterprises during the 2nd quarter valued at about $86,000. 39.20% of the stock is currently owned by hedge funds and other institutional investors.

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.