Insider Buying: Lee Enterprises (NYSE:LEE) Director Purchases $259,374.00 in Stock

Lee Enterprises, Incorporated (NYSE:LEE) Director David Henry Hoffmann acquired 27,800 shares of the company’s stock in a transaction dated Wednesday, March 11th. The shares were bought at an average price of $9.33 per share, for a total transaction of $259,374.00. Following the acquisition, the director owned 11,210,849 shares in the company, valued at approximately $104,597,221.17. This trade represents a 0.25% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Friday, March 13th, David Henry Hoffmann bought 27,800 shares of Lee Enterprises stock. The stock was bought at an average price of $9.35 per share, with a total value of $259,930.00.
• On Wednesday, March 4th, David Henry Hoffmann bought 19,000 shares of Lee Enterprises stock. The shares were purchased at an average cost of $9.16 per share, for a total transaction of $174,040.00.
• On Monday, March 2nd, David Henry Hoffmann purchased 19,000 shares of Lee Enterprises stock. The shares were purchased at an average price of $8.85 per share, for a total transaction of $168,150.00.
• On Thursday, February 26th, David Henry Hoffmann purchased 15,200 shares of Lee Enterprises stock. The stock was purchased at an average cost of $9.03 per share, with a total value of $137,256.00.
• On Wednesday, February 25th, David Henry Hoffmann purchased 13,710 shares of Lee Enterprises stock. The stock was purchased at an average cost of $8.64 per share, with a total value of $118,454.40.
• On Monday, February 23rd, David Henry Hoffmann acquired 15,200 shares of Lee Enterprises stock. The stock was purchased at an average price of $8.91 per share, with a total value of $135,432.00.
• On Thursday, February 19th, David Henry Hoffmann acquired 10,600 shares of Lee Enterprises stock. The shares were purchased at an average cost of $7.81 per share, for a total transaction of $82,786.00.
• On Tuesday, February 17th, David Henry Hoffmann acquired 10,600 shares of Lee Enterprises stock. The shares were purchased at an average price of $7.10 per share, for a total transaction of $75,260.00.
• On Friday, February 13th, David Henry Hoffmann bought 6,099 shares of Lee Enterprises stock. The stock was purchased at an average price of $7.17 per share, with a total value of $43,729.83.

Lee Enterprises Stock Performance

Shares of NYSE LEE opened at $9.42 on Monday. The firm has a market capitalization of $209.50 million, a price-to-earnings ratio of -1.29 and a beta of 0.37. Lee Enterprises, Incorporated has a one year low of $3.34 and a one year high of $11.21. The business has a fifty day simple moving average of $6.71 and a 200 day simple moving average of $5.23. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 69.34.

Hedge Funds Weigh In On Lee Enterprises

A number of hedge funds and other institutional investors have recently made changes to their positions in LEE. Murphy Pohlad Asset Management LLC acquired a new stake in shares of Lee Enterprises during the 3rd quarter valued at about $66,000. Teton Advisors LLC raised its position in Lee Enterprises by 13.3% in the fourth quarter. Teton Advisors LLC now owns 17,000 shares of the company’s stock worth $81,000 after purchasing an additional 2,000 shares in the last quarter. Jane Street Group LLC acquired a new position in Lee Enterprises in the second quarter worth about $86,000. DRW Securities LLC bought a new position in Lee Enterprises during the fourth quarter worth about $99,000. Finally, Royal Bank of Canada lifted its stake in Lee Enterprises by 15,715.8% during the first quarter. Royal Bank of Canada now owns 29,101 shares of the company’s stock worth $302,000 after purchasing an additional 28,917 shares during the period. 39.20% of the stock is owned by 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.