Lee Enterprises (NYSE:LEE) Director David Henry Hoffmann Purchases 27,800 Shares

Lee Enterprises, Incorporated (NYSE:LEE) Director David Henry Hoffmann bought 27,800 shares of Lee Enterprises stock in a transaction on Wednesday, March 11th. The stock was acquired at an average price of $9.33 per share, for a total transaction of $259,374.00. Following the transaction, the director directly owned 11,210,849 shares of the company’s stock, valued at approximately $104,597,221.17. This trade represents a 0.25% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Friday, March 13th, David Henry Hoffmann purchased 27,800 shares of Lee Enterprises stock. The stock was acquired at an average cost of $9.35 per share, for a total transaction of $259,930.00.
• On Wednesday, March 4th, David Henry Hoffmann purchased 19,000 shares of Lee Enterprises stock. The shares were acquired at an average price of $9.16 per share, with a total value of $174,040.00.
• On Monday, March 2nd, David Henry Hoffmann bought 19,000 shares of Lee Enterprises stock. The stock was bought at an average cost of $8.85 per share, for a total transaction of $168,150.00.
• On Thursday, February 26th, David Henry Hoffmann bought 15,200 shares of Lee Enterprises stock. The shares were bought at an average cost of $9.03 per share, with a total value of $137,256.00.
• On Wednesday, February 25th, David Henry Hoffmann purchased 13,710 shares of Lee Enterprises stock. The stock was 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 bought at an average price of $8.91 per share, for a total transaction of $135,432.00.
• On Thursday, February 19th, David Henry Hoffmann bought 10,600 shares of Lee Enterprises stock. The stock was bought at an average price of $7.81 per share, with a total value of $82,786.00.
• On Tuesday, February 17th, David Henry Hoffmann bought 10,600 shares of Lee Enterprises stock. The stock was purchased at an average cost of $7.10 per share, for a total transaction of $75,260.00.
• On Friday, February 13th, David Henry Hoffmann purchased 6,099 shares of Lee Enterprises stock. The shares were purchased at an average price of $7.17 per share, for a total transaction of $43,729.83.

Lee Enterprises Trading Up 5.6%

LEE opened at $9.42 on Friday. Lee Enterprises, Incorporated has a 52 week low of $3.34 and a 52 week high of $11.21. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 69.34. The business has a fifty day simple moving average of $6.71 and a 200-day simple moving average of $5.21. The firm has a market cap of $209.50 million, a P/E ratio of -1.29 and a beta of 0.37.

Hedge Funds Weigh In On Lee Enterprises

Several institutional investors have recently bought and sold shares of the company. Wittenberg Investment Management Inc. increased its stake in Lee Enterprises by 20.1% during the second quarter. Wittenberg Investment Management Inc. now owns 85,043 shares of the company’s stock worth $544,000 after purchasing an additional 14,262 shares during the period. Gabelli Funds LLC boosted its stake in shares of Lee Enterprises by 2.2% in the second quarter. Gabelli Funds LLC now owns 202,482 shares of the company’s stock valued at $1,296,000 after purchasing an additional 4,389 shares during the period. Royal Bank of Canada grew its holdings 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 valued at $302,000 after purchasing an additional 28,917 shares in the last quarter. DRW Securities LLC acquired a new position in shares of Lee Enterprises in the fourth quarter valued at approximately $99,000. Finally, Jane Street Group LLC purchased a new stake in Lee Enterprises during the 2nd quarter worth approximately $86,000. 39.20% of the stock is owned by institutional investors and hedge funds.

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.