Digital Ltd Quint Purchases 20,454 Shares of Lee Enterprises (NYSE:LEE) Stock

Lee Enterprises, Incorporated (NYSE:LEE) major shareholder Digital Ltd Quint acquired 20,454 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The shares were acquired at an average price of $8.87 per share, with a total value of $181,426.98. Following the completion of the transaction, the insider owned 3,234,800 shares in the company, valued at $28,692,676. The trade was a 0.64% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Digital Ltd Quint also recently made the following trade(s):

• On Thursday, February 5th, Digital Ltd Quint bought 2,451,346 shares of Lee Enterprises stock. The stock was bought at an average price of $3.25 per share, for a total transaction of $7,966,874.50.

Lee Enterprises Trading Up 2.6%

NYSE LEE opened at $9.17 on Thursday. The company has a market cap of $203.94 million, a price-to-earnings ratio of -1.26 and a beta of 0.37. Lee Enterprises, Incorporated has a twelve month low of $3.34 and a twelve month high of $11.21. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 69.34. The business’s fifty day moving average is $6.03 and its 200 day moving average is $4.98.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Teton Advisors LLC increased its holdings 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. Gabelli Funds LLC grew its position in shares of Lee Enterprises by 2.2% during the 2nd quarter. Gabelli Funds LLC now owns 202,482 shares of the company’s stock worth $1,296,000 after buying an additional 4,389 shares during the period. Murphy Pohlad Asset Management LLC bought a new stake in shares of Lee Enterprises in the 3rd quarter valued at $66,000. Jane Street Group LLC acquired a new position in shares of Lee Enterprises during the 2nd quarter valued at $86,000. Finally, Wittenberg Investment Management Inc. boosted its stake in Lee Enterprises by 20.1% during the second quarter. Wittenberg Investment Management Inc. now owns 85,043 shares of the company’s stock worth $544,000 after acquiring an additional 14,262 shares in the last quarter. Institutional investors 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.