Lee Enterprises (NYSE:LEE) Director Sells $235,680.00 in Stock

Lee Enterprises, Incorporated (NYSE:LEE) Director Herbert Moloney III sold 24,000 shares of the stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $9.82, for a total value of $235,680.00. Following the completion of the transaction, the director directly owned 23,037 shares in the company, valued at approximately $226,223.34. This trade represents a 51.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Lee Enterprises Price Performance

Shares of NYSE:LEE opened at $9.88 on Monday. Lee Enterprises, Incorporated has a 52-week low of $3.34 and a 52-week high of $11.88. The stock has a market cap of $219.63 million, a P/E ratio of -1.36 and a beta of 0.31. The business’s 50 day moving average is $9.05 and its 200 day moving average is $7.14. 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 Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Teton Advisors LLC lifted its holdings in 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 purchased a new stake in Lee Enterprises during the second quarter worth $86,000. DRW Securities LLC purchased a new stake in Lee Enterprises during the fourth quarter worth $99,000. Royal Bank of Canada lifted 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 buying an additional 28,917 shares during the period. Finally, Private Advisor Group LLC purchased a new stake in Lee Enterprises during the first quarter worth $430,000. Institutional investors 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.