Lee Enterprises (NYSE:LEE) Director David Henry Hoffmann Purchases 8,100 Shares

Lee Enterprises, Incorporated (NYSE:LEE) Director David Henry Hoffmann bought 8,100 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were purchased at an average price of $7.82 per share, with a total value of $63,342.00. Following the completion of the acquisition, the director owned 11,274,549 shares of the company’s stock, valued at $88,166,973.18. This trade represents a 0.07% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Wednesday, May 13th, David Henry Hoffmann bought 7,400 shares of Lee Enterprises stock. The stock was acquired at an average cost of $7.99 per share, for a total transaction of $59,126.00.
• On Friday, March 13th, David Henry Hoffmann purchased 27,800 shares of Lee Enterprises stock. The shares were acquired at an average price of $9.35 per share, for a total transaction of $259,930.00.
• On Wednesday, March 11th, David Henry Hoffmann purchased 27,800 shares of Lee Enterprises stock. The shares were acquired at an average cost of $9.33 per share, with a total value of $259,374.00.
• On Wednesday, March 4th, David Henry Hoffmann acquired 19,000 shares of Lee Enterprises stock. The stock was 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 acquired 19,000 shares of Lee Enterprises stock. The stock was acquired at an average price 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 acquired at an average cost of $9.03 per share, for a total transaction of $137,256.00.
• On Wednesday, February 25th, David Henry Hoffmann bought 13,710 shares of Lee Enterprises stock. The shares were acquired at an average price of $8.64 per share, with a total value of $118,454.40.
• On Monday, February 23rd, David Henry Hoffmann purchased 15,200 shares of Lee Enterprises stock. The stock was acquired 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 bought at an average price of $7.81 per share, for a total transaction of $82,786.00.
• On Tuesday, February 17th, David Henry Hoffmann purchased 10,600 shares of Lee Enterprises stock. The stock was bought at an average price of $7.10 per share, for a total transaction of $75,260.00.

Lee Enterprises Stock Up 0.4%

Shares of NYSE LEE opened at $7.85 on Friday. The firm has a fifty day simple moving average of $8.50 and a two-hundred day simple moving average of $6.30. Lee Enterprises, Incorporated has a 12 month low of $3.34 and a 12 month high of $9.97. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 69.34. The firm has a market capitalization of $174.58 million, a PE ratio of -1.08 and a beta of 0.20.

Institutional Trading of Lee Enterprises

Several institutional investors and hedge funds have recently bought and sold shares of LEE. Teton Advisors LLC grew its holdings in shares of Lee Enterprises by 13.3% during the 4th quarter. Teton Advisors LLC now owns 17,000 shares of the company’s stock worth $81,000 after acquiring an additional 2,000 shares during the period. Gabelli Funds LLC lifted its stake in shares of Lee Enterprises by 2.2% in the 2nd 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. Murphy Pohlad Asset Management LLC purchased a new position in shares of Lee Enterprises in the 3rd quarter valued at approximately $66,000. Jane Street Group LLC bought a new stake in shares of Lee Enterprises during the second quarter valued at approximately $86,000. Finally, DRW Securities LLC purchased a new stake in Lee Enterprises in the fourth quarter worth $99,000. 39.20% of the stock is currently owned by hedge funds and other institutional investors.

Lee Enterprises Company Profile

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.