Lee Enterprises (NYSE:LEE) Director Purchases $82,786.00 in Stock

Lee Enterprises, Incorporated (NYSE:LEE) Director David Henry Hoffmann acquired 10,600 shares of Lee Enterprises stock in a transaction on Thursday, February 19th. The stock was purchased at an average cost of $7.81 per share, with a total value of $82,786.00. Following the completion of the transaction, the director directly owned 10,947,339 shares in the company, valued at $85,498,717.59. This represents a 0.10% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• On Monday, February 23rd, David Henry Hoffmann purchased 15,200 shares of Lee Enterprises stock. The shares were acquired at an average price of $8.91 per share, for a total transaction of $135,432.00.
• 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 acquired 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 Performance

Shares of Lee Enterprises stock traded down $0.27 during trading hours on Monday, hitting $8.35. 122,117 shares of the company’s stock traded hands, compared to its average volume of 57,212. The stock has a market capitalization of $52.29 million, a price-to-earnings ratio of -1.15 and a beta of 0.55. Lee Enterprises, Incorporated has a 12-month low of $3.34 and a 12-month high of $11.21. 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 company has a fifty day simple moving average of $5.20 and a 200-day simple moving average of $4.73.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Gamco Investors INC. ET AL increased its stake in shares of Lee Enterprises by 23.8% during the 4th 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 last quarter. Royal Bank of Canada lifted its stake 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 purchasing an additional 28,917 shares during the last quarter. DRW Securities LLC bought a new position in Lee Enterprises during the fourth quarter valued at $99,000. Gabelli Funds LLC grew its holdings in Lee Enterprises by 9.5% during the fourth 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 purchased a new stake in Lee Enterprises in the third quarter worth $82,000. 39.20% of the stock is currently owned by hedge funds and other institutional investors.

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.