Lee Enterprises (NYSE:LEE) Director David Henry Hoffmann Acquires 7,400 Shares

Lee Enterprises, Incorporated (NYSE:LEE) Director David Henry Hoffmann purchased 7,400 shares of the company’s stock in a transaction on Wednesday, May 13th. The stock was acquired at an average price of $7.99 per share, for a total transaction of $59,126.00. Following the completion of the transaction, the director owned 11,281,949 shares of the company’s stock, valued at $90,142,772.51. This represents a 0.07% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Tuesday, May 12th, David Henry Hoffmann purchased 8,100 shares of Lee Enterprises stock. The stock was acquired at an average price of $7.82 per share, for a total transaction of $63,342.00.
• On Friday, March 13th, David Henry Hoffmann purchased 27,800 shares of Lee Enterprises stock. The stock was acquired at an average price of $9.35 per share, for a total transaction of $259,930.00.
• On Wednesday, March 11th, David Henry Hoffmann purchased 27,800 shares of Lee Enterprises stock. The stock was acquired at an average price of $9.33 per share, for a total transaction of $259,374.00.
• On Wednesday, March 4th, David Henry Hoffmann acquired 19,000 shares of Lee Enterprises stock. The shares were purchased at an average cost of $9.16 per share, with a total value of $174,040.00.
• On Monday, March 2nd, David Henry Hoffmann bought 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 bought 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 bought 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 bought 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 bought 10,600 shares of Lee Enterprises stock. The stock was purchased at an average price of $7.81 per share, with a total value of $82,786.00.
• On Tuesday, February 17th, David Henry Hoffmann bought 10,600 shares of Lee Enterprises stock. The stock was purchased at an average price of $7.10 per share, with a total value of $75,260.00.

Lee Enterprises Trading Up 0.4%

Shares of LEE traded up $0.03 during midday trading on Thursday, hitting $7.85. The stock had a trading volume of 55,313 shares, compared to its average volume of 65,367. Lee Enterprises, Incorporated has a fifty-two week low of $3.34 and a fifty-two week high of $9.97. The business has a 50-day simple moving average of $8.52 and a two-hundred day simple moving average of $6.28. The firm has a market cap of $174.58 million, a P/E ratio of -1.08 and a beta of 0.20. 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

Large investors have recently made changes to their positions in the business. Private Advisor Group LLC acquired a new stake in shares of Lee Enterprises during the first quarter worth approximately $430,000. DRW Securities LLC acquired a new stake in shares of Lee Enterprises during the fourth quarter worth approximately $99,000. Jane Street Group LLC acquired a new stake in shares of Lee Enterprises during the second quarter worth approximately $86,000. Gabelli Funds LLC boosted its holdings 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 during the period. Finally, Royal Bank of Canada boosted its holdings in shares of 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. Institutional investors and hedge funds own 39.20% of the company’s stock.

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.