Lee Enterprises (NYSE:LEE) Director David Henry Hoffmann Purchases 8,100 Shares of Stock

Lee Enterprises, Incorporated (NYSE:LEE) Director David Henry Hoffmann bought 8,100 shares of Lee Enterprises stock in a transaction on Thursday, May 14th. The stock was acquired at an average price of $7.78 per share, with a total value of $63,018.00. Following the completion of the purchase, the director directly owned 11,290,049 shares of the company’s stock, valued at approximately $87,836,581.22. The trade was a 0.07% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, May 18th, David Henry Hoffmann acquired 10,600 shares of Lee Enterprises stock. The stock was purchased at an average price of $8.93 per share, with a total value of $94,658.00.
• On Wednesday, May 13th, David Henry Hoffmann acquired 7,400 shares of Lee Enterprises stock. The stock was purchased at an average price of $7.99 per share, with a total value of $59,126.00.
• On Tuesday, May 12th, David Henry Hoffmann acquired 8,100 shares of Lee Enterprises stock. The stock was purchased at an average price of $7.82 per share, with a total value of $63,342.00.
• On Friday, March 13th, David Henry Hoffmann acquired 27,800 shares of Lee Enterprises stock. The stock was purchased at an average price of $9.35 per share, with a total value of $259,930.00.
• On Wednesday, March 11th, David Henry Hoffmann acquired 27,800 shares of Lee Enterprises stock. The stock was purchased at an average price of $9.33 per share, with a total value of $259,374.00.
• On Wednesday, March 4th, David Henry Hoffmann acquired 19,000 shares of Lee Enterprises stock. The stock was purchased at an average price of $9.16 per share, with a total value of $174,040.00.
• On Monday, March 2nd, David Henry Hoffmann acquired 19,000 shares of Lee Enterprises stock. The stock was purchased at an average price of $8.85 per share, with a total value of $168,150.00.
• On Thursday, February 26th, David Henry Hoffmann acquired 15,200 shares of Lee Enterprises stock. The stock was purchased at an average price of $9.03 per share, with a total value of $137,256.00.
• On Wednesday, February 25th, David Henry Hoffmann acquired 13,710 shares of Lee Enterprises stock. The stock was purchased at an average price 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.

Lee Enterprises Price Performance

Shares of Lee Enterprises stock opened at $8.73 on Tuesday. The firm has a fifty day simple moving average of $8.49 and a 200-day simple moving average of $6.36. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 69.34. Lee Enterprises, Incorporated has a 1-year low of $3.34 and a 1-year high of $9.97. The stock has a market capitalization of $194.07 million, a price-to-earnings ratio of -1.20 and a beta of 0.20.

Institutional Trading of Lee Enterprises

Institutional investors and hedge funds have recently modified their holdings of the company. Murphy Pohlad Asset Management LLC acquired a new stake in shares of Lee Enterprises in the third quarter worth $66,000. Jane Street Group LLC acquired a new position in Lee Enterprises during the 2nd quarter valued at $86,000. Teton Advisors LLC acquired a new position in Lee Enterprises during the 3rd quarter valued at $82,000. DRW Securities LLC acquired a new position in Lee Enterprises during the 4th quarter valued at $99,000. Finally, Royal Bank of Canada raised its stake 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. 39.20% of the stock is currently owned by institutional investors and hedge funds.

About Lee Enterprises

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.