Lee Enterprises (NYSE:LEE) Director Purchases $75,260.00 in Stock

Lee Enterprises, Incorporated (NYSE:LEE) Director David Henry Hoffmann bought 10,600 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The shares were acquired at an average cost of $7.10 per share, for a total transaction of $75,260.00. Following the purchase, the director directly owned 10,926,139 shares in the company, valued at $77,575,586.90. This trade represents a 0.10% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Friday, February 13th, David Henry Hoffmann bought 6,099 shares of Lee Enterprises stock. The stock was bought at an average cost of $7.17 per share, for a total transaction of $43,729.83.

Lee Enterprises Price Performance

Lee Enterprises stock traded up $0.12 during midday trading on Wednesday, reaching $7.20. 49,874 shares of the stock traded hands, compared to its average volume of 48,474. The stock’s fifty day moving average is $4.95 and its 200-day moving average is $4.66. Lee Enterprises, Incorporated has a 12 month low of $3.34 and a 12 month high of $11.69. 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 stock has a market cap of $45.09 million, a P/E ratio of -0.99 and a beta of 0.55.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of LEE. Gamco Investors INC. ET AL boosted its stake in shares of Lee Enterprises by 23.8% during the fourth quarter. Gamco Investors INC. ET AL now owns 601,454 shares of the company’s stock valued at $2,881,000 after purchasing an additional 115,779 shares during the period. Royal Bank of Canada grew its position in shares of Lee Enterprises by 15,715.8% during the 1st quarter. Royal Bank of Canada now owns 29,101 shares of the company’s stock worth $302,000 after buying an additional 28,917 shares in the last quarter. DRW Securities LLC purchased a new position in shares of Lee Enterprises during the fourth quarter valued at $99,000. Gabelli Funds LLC raised its holdings in shares of Lee Enterprises by 9.5% in the fourth quarter. Gabelli Funds LLC now owns 226,800 shares of the company’s stock valued at $1,086,000 after acquiring an additional 19,700 shares in the last quarter. Finally, Teton Advisors LLC bought a new stake in shares of Lee Enterprises in the 3rd quarter valued at about $82,000. 39.20% of the stock is owned by hedge funds and other 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.