Lee Enterprises (NYSE:LEE) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Lee Enterprises, Incorporated (NYSE:LEE) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $6.07 and traded as high as $8.70. Lee Enterprises shares last traded at $8.32, with a volume of 25,118 shares changing hands.

Lee Enterprises Stock Performance

The company has a market cap of $185.04 million, a price-to-earnings ratio of -1.14 and a beta of 0.31. The company has a debt-to-equity ratio of 69.34, a current ratio of 0.78 and a quick ratio of 0.72. The firm has a fifty day simple moving average of $8.63 and a 200 day simple moving average of $6.08.

Insider Activity

In other news, Director Brent Magid sold 26,804 shares of the business’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $9.08, for a total transaction of $243,380.32. Following the transaction, the director owned 8,760 shares in the company, valued at approximately $79,540.80. The trade was a 75.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director David Henry Hoffmann acquired 27,800 shares of the company’s stock in a transaction dated Friday, March 13th. The shares were bought at an average price 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 approximately $105,341,298.15. This trade represents a 0.25% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders acquired 2,646,809 shares of company stock valued at $9,694,014. 54.20% of the stock is owned by company insiders.

Institutional Trading of Lee Enterprises

Hedge funds have recently modified their holdings of the stock. Gamco Investors INC. ET AL raised its position 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 worth $2,881,000 after purchasing an additional 115,779 shares during the period. Gabelli Funds LLC boosted its position in shares of Lee Enterprises by 9.5% during the fourth quarter. Gabelli Funds LLC now owns 226,800 shares of the company’s stock worth $1,086,000 after buying an additional 19,700 shares during the period. Private Advisor Group LLC acquired a new position in shares of Lee Enterprises during the first quarter worth about $430,000. Royal Bank of Canada raised its holdings in 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 acquiring an additional 28,917 shares in the last quarter. Finally, DRW Securities LLC bought a new stake in Lee Enterprises during the fourth quarter worth about $99,000. 39.20% of the stock is owned by 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.