Lee Enterprises (NYSE:LEE) Director Acquires $259,930.00 in Stock

Lee Enterprises, Incorporated (NYSE:LEEGet Free Report) Director David Henry Hoffmann bought 27,800 shares of the stock in a transaction dated Friday, March 13th. The stock was purchased at an average cost of $9.35 per share, for a total transaction of $259,930.00. Following the acquisition, the director owned 11,266,449 shares in the company, valued at $105,341,298.15. The trade was a 0.25% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

  • On Wednesday, March 11th, David Henry Hoffmann purchased 27,800 shares of Lee Enterprises stock. The shares were acquired at an average cost of $9.33 per share, with a total value of $259,374.00.
  • On Wednesday, March 4th, David Henry Hoffmann purchased 19,000 shares of Lee Enterprises stock. The stock was acquired at an average cost of $9.16 per share, with a total value of $174,040.00.
  • On Monday, March 2nd, David Henry Hoffmann purchased 19,000 shares of Lee Enterprises stock. The shares were bought at an average cost of $8.85 per share, for a total transaction of $168,150.00.
  • On Thursday, February 26th, David Henry Hoffmann purchased 15,200 shares of Lee Enterprises stock. The stock was purchased at an average price of $9.03 per share, for a total transaction of $137,256.00.
  • On Wednesday, February 25th, David Henry Hoffmann bought 13,710 shares of Lee Enterprises stock. The shares were acquired 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 shares were bought at an average price of $8.91 per share, for a total transaction of $135,432.00.
  • On Thursday, February 19th, David Henry Hoffmann acquired 10,600 shares of Lee Enterprises stock. The shares were purchased at an average cost of $7.81 per share, for a total transaction of $82,786.00.
  • On Tuesday, February 17th, David Henry Hoffmann purchased 10,600 shares of Lee Enterprises stock. The stock was purchased at an average cost of $7.10 per share, with a total value of $75,260.00.
  • On Friday, February 13th, David Henry Hoffmann purchased 6,099 shares of Lee Enterprises stock. The stock was acquired at an average price of $7.17 per share, with a total value of $43,729.83.

Lee Enterprises Stock Up 6.4%

LEE stock traded up $0.58 during mid-day trading on Friday, hitting $9.50. 142,015 shares of the company were exchanged, compared to its average volume of 79,173. The firm’s 50 day simple moving average is $6.61 and its 200 day simple moving average is $5.18. The company has a debt-to-equity ratio of 69.34, a quick ratio of 0.72 and a current ratio of 0.78. Lee Enterprises, Incorporated has a 1-year low of $3.34 and a 1-year high of $11.21. The firm has a market cap of $211.17 million, a P/E ratio of -1.30 and a beta of 0.36.

Institutional Investors Weigh In On Lee Enterprises

Institutional investors and hedge funds have recently made changes to their positions in the stock. Gamco Investors INC. ET AL lifted its position in shares of Lee Enterprises by 23.8% in the fourth quarter. Gamco Investors INC. ET AL now owns 601,454 shares of the company’s stock valued at $2,881,000 after buying an additional 115,779 shares during the last quarter. Royal Bank of Canada raised its holdings in Lee Enterprises by 15,715.8% in 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 during the period. DRW Securities LLC bought a new position in shares of Lee Enterprises during the fourth quarter worth approximately $99,000. Gabelli Funds LLC boosted its stake in Lee Enterprises by 9.5% in the 4th quarter. Gabelli Funds LLC now owns 226,800 shares of the company’s stock valued at $1,086,000 after purchasing an additional 19,700 shares during the period. Finally, Teton Advisors LLC acquired a new stake in shares of Lee Enterprises during the third quarter worth $82,000. Institutional investors own 39.20% of the company’s stock.

Lee Enterprises Company Profile

(Get Free Report)

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.

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