Insider Buying: Lee Enterprises (NYSE:LEE) Director Acquires 13,710 Shares of Stock

Lee Enterprises, Incorporated (NYSE:LEE) Director David Henry Hoffmann acquired 13,710 shares of the company’s stock in a transaction that occurred on Wednesday, February 25th. The stock was acquired at an average price of $8.64 per share, with a total value of $118,454.40. Following the acquisition, the director owned 11,002,049 shares in the company, valued at $95,057,703.36. The trade was a 0.12% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Thursday, February 26th, David Henry Hoffmann bought 15,200 shares of Lee Enterprises stock. The shares were acquired at an average cost of $9.03 per share, for a total transaction of $137,256.00.
• On Monday, February 23rd, David Henry Hoffmann purchased 15,200 shares of Lee Enterprises stock. The shares were acquired at an average cost of $8.91 per share, with a total value of $135,432.00.
• On Thursday, February 19th, David Henry Hoffmann purchased 10,600 shares of Lee Enterprises stock. The shares were acquired at an average price of $7.81 per share, for a total transaction of $82,786.00.
• On Tuesday, February 17th, David Henry Hoffmann acquired 10,600 shares of Lee Enterprises stock. The stock was acquired at an average cost of $7.10 per share, for a total transaction of $75,260.00.
• On Friday, February 13th, David Henry Hoffmann bought 6,099 shares of Lee Enterprises stock. The shares were bought at an average cost of $7.17 per share, with a total value of $43,729.83.

Lee Enterprises Trading Down 1.0%

LEE traded down $0.09 during midday trading on Thursday, hitting $8.68. 123,002 shares of the company were exchanged, compared to its average volume of 59,890. The firm’s 50 day moving average price is $5.50 and its 200-day moving average price is $4.81. Lee Enterprises, Incorporated has a 1-year low of $3.34 and a 1-year high of $11.21. The firm has a market capitalization of $193.04 million, a P/E ratio of -1.19 and a beta of 0.55. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 69.34.

Institutional Trading of Lee Enterprises

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LEE. Murphy Pohlad Asset Management LLC bought a new position in Lee Enterprises during the 3rd quarter worth approximately $66,000. Teton Advisors LLC increased its position in shares of Lee Enterprises by 13.3% during the fourth quarter. Teton Advisors LLC now owns 17,000 shares of the company’s stock worth $81,000 after buying an additional 2,000 shares during the period. Jane Street Group LLC bought a new position in Lee Enterprises during the second quarter worth $86,000. DRW Securities LLC bought a new position in Lee Enterprises during the fourth quarter worth $99,000. Finally, Royal Bank of Canada lifted its holdings in Lee Enterprises by 15,715.8% in the first quarter. Royal Bank of Canada now owns 29,101 shares of the company’s stock valued at $302,000 after buying 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.