Lee Enterprises (NYSE:LEE) Director David Henry Hoffmann Buys 15,200 Shares of Stock

Lee Enterprises, Incorporated (NYSE:LEE) Director David Henry Hoffmann acquired 15,200 shares of the stock in a transaction dated Thursday, February 26th. The stock was bought at an average price of $9.03 per share, with a total value of $137,256.00. Following the purchase, the director directly owned 11,017,249 shares in the company, valued at $99,485,758.47. This represents a 0.14% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Wednesday, February 25th, David Henry Hoffmann acquired 13,710 shares of Lee Enterprises stock. The shares were bought at an average cost of $8.64 per share, for a total transaction of $118,454.40.
• On Monday, February 23rd, David Henry Hoffmann acquired 15,200 shares of Lee Enterprises stock. The stock was purchased 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 stock was acquired at an average cost of $7.81 per share, with a total value of $82,786.00.
• On Tuesday, February 17th, David Henry Hoffmann acquired 10,600 shares of Lee Enterprises stock. The shares were acquired at an average price 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 cost of $7.17 per share, for a total transaction of $43,729.83.

Lee Enterprises Trading Up 1.1%

LEE opened at $8.77 on Friday. The firm has a market capitalization of $195.09 million, a PE ratio of -1.20 and a beta of 0.55. 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’s 50-day moving average is $5.60 and its 200 day moving average is $4.84. Lee Enterprises, Incorporated has a fifty-two week low of $3.34 and a fifty-two week high of $11.21.

Institutional Trading of Lee Enterprises

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Murphy Pohlad Asset Management LLC bought a new position in shares of Lee Enterprises in the 3rd quarter worth about $66,000. Jane Street Group LLC bought a new position in shares of Lee Enterprises during the second quarter valued at approximately $86,000. Teton Advisors LLC purchased a new position in shares of Lee Enterprises during the third quarter valued at approximately $82,000. DRW Securities LLC bought a new stake in shares of Lee Enterprises in the 4th quarter worth approximately $99,000. Finally, Royal Bank of Canada grew its stake in shares of Lee Enterprises by 15,715.8% in the 1st 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 last quarter. 39.20% of the stock is 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.