Lee Enterprises (NYSE:LEE) Major Shareholder Buys $181,426.98 in Stock

Lee Enterprises, Incorporated (NYSE:LEE) major shareholder Digital Ltd Quint acquired 20,454 shares of the stock in a transaction that occurred on Monday, March 2nd. The stock was purchased at an average price of $8.87 per share, for a total transaction of $181,426.98. Following the completion of the acquisition, the insider owned 3,234,800 shares in the company, valued at $28,692,676. The trade was a 0.64% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Digital Ltd Quint also recently made the following trade(s):

• On Tuesday, March 3rd, Digital Ltd Quint purchased 10,000 shares of Lee Enterprises stock. The shares were acquired at an average price of $9.13 per share, for a total transaction of $91,300.00.
• On Thursday, February 5th, Digital Ltd Quint bought 2,451,346 shares of Lee Enterprises stock. The stock was bought at an average price of $3.25 per share, with a total value of $7,966,874.50.

Lee Enterprises Stock Down 1.6%

Shares of NYSE LEE opened at $9.02 on Friday. The company has a 50 day simple moving average of $6.14 and a 200-day simple moving average of $5.01. 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 market capitalization of $200.60 million, a P/E ratio of -1.24 and a beta of 0.37. Lee Enterprises, Incorporated has a 1 year low of $3.34 and a 1 year high of $11.21.

Hedge Funds Weigh In On Lee Enterprises

Several hedge funds have recently made changes to their positions in the company. Royal Bank of Canada grew its holdings in shares of 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 last quarter. Wittenberg Investment Management Inc. lifted its holdings in Lee Enterprises by 20.1% in the second quarter. Wittenberg Investment Management Inc. now owns 85,043 shares of the company’s stock valued at $544,000 after acquiring an additional 14,262 shares during the period. Gamco Investors INC. ET AL boosted its holdings in Lee Enterprises by 4.9% during the second quarter. Gamco Investors INC. ET AL now owns 493,816 shares of the company’s stock worth $3,160,000 after buying an additional 23,269 shares in the last quarter. Gabelli Funds LLC boosted its stake in shares of Lee Enterprises by 2.2% during the 2nd quarter. Gabelli Funds LLC now owns 202,482 shares of the company’s stock worth $1,296,000 after acquiring an additional 4,389 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in Lee Enterprises during the second quarter worth $86,000. Hedge funds and other institutional investors own 39.20% of the company’s stock.

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.