Lee Enterprises (NYSE:LEE) Major Shareholder Digital Ltd Quint Buys 10,000 Shares of Stock

Lee Enterprises, Incorporated (NYSE:LEE) major shareholder Digital Ltd Quint acquired 10,000 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The shares were bought at an average price of $9.13 per share, with a total value of $91,300.00. Following the completion of the purchase, the insider owned 3,244,800 shares in the company, valued at $29,625,024. The trade was a 0.31% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Monday, March 2nd, Digital Ltd Quint bought 20,454 shares of Lee Enterprises stock. The stock was bought at an average price of $8.87 per share, for a total transaction of $181,426.98.
• On Thursday, February 5th, Digital Ltd Quint purchased 2,451,346 shares of Lee Enterprises stock. The shares were purchased at an average cost of $3.25 per share, with a total value of $7,966,874.50.

Lee Enterprises Stock Performance

Shares of Lee Enterprises stock traded up $0.30 during trading on Friday, hitting $9.32. 75,538 shares of the stock were exchanged, compared to its average volume of 69,825. The company has a debt-to-equity ratio of 69.34, a quick ratio of 0.72 and a current ratio of 0.78. Lee Enterprises, Incorporated has a 12 month low of $3.34 and a 12 month high of $11.21. The stock’s fifty day moving average is $6.14 and its 200 day moving average is $5.01. The stock has a market cap of $207.28 million, a PE ratio of -1.28 and a beta of 0.37.

Institutional Trading of Lee Enterprises

Hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada grew its stake in shares of Lee Enterprises by 15,715.8% in the first quarter. Royal Bank of Canada now owns 29,101 shares of the company’s stock worth $302,000 after purchasing an additional 28,917 shares in the last quarter. Wittenberg Investment Management Inc. grew its position in Lee Enterprises by 20.1% in the 2nd quarter. Wittenberg Investment Management Inc. now owns 85,043 shares of the company’s stock valued at $544,000 after buying an additional 14,262 shares in the last quarter. Gamco Investors INC. ET AL increased its stake in Lee Enterprises by 4.9% during the 2nd quarter. Gamco Investors INC. ET AL now owns 493,816 shares of the company’s stock valued at $3,160,000 after buying an additional 23,269 shares during the period. Gabelli Funds LLC raised its position 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 buying an additional 4,389 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of Lee Enterprises in the 2nd quarter worth approximately $86,000. 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.