Lee Enterprises (NYSE:LEE) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Lee Enterprises, Incorporated (NYSE:LEE) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $6.85 and traded as high as $11.01. Lee Enterprises shares last traded at $10.67, with a volume of 68,019 shares traded.

Lee Enterprises Stock Performance

The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 69.34. The firm’s 50-day moving average is $8.88 and its two-hundred day moving average is $6.92. The stock has a market cap of $230.30 million, a price-to-earnings ratio of -1.42 and a beta of 0.31.

Insider Buying and Selling at Lee Enterprises

In related news, Director David Henry Hoffmann purchased 27,800 shares of Lee Enterprises stock in a transaction that occurred on Friday, March 13th. The stock was purchased at an average price of $9.35 per share, for a total transaction of $259,930.00. Following the transaction, the director directly owned 11,266,449 shares in the company, valued at approximately $105,341,298.15. This trade represents a 0.25% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. In the last three months, insiders have bought 124,700 shares of company stock worth $1,141,421. 54.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Murphy Pohlad Asset Management LLC acquired a new position in shares of Lee Enterprises during the 3rd quarter worth about $66,000. Teton Advisors LLC raised its position in shares of Lee Enterprises by 13.3% during the 4th quarter. Teton Advisors LLC now owns 17,000 shares of the company’s stock worth $81,000 after purchasing an additional 2,000 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Lee Enterprises during the 2nd quarter worth about $86,000. DRW Securities LLC acquired a new position in shares of Lee Enterprises during the 4th quarter worth about $99,000. Finally, Royal Bank of Canada grew 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 acquiring an additional 28,917 shares in the last quarter. Institutional investors and hedge funds 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.