Lee Enterprises (NYSE:LEE) Director Purchases $63,018.00 in Stock

Lee Enterprises, Incorporated (NYSE:LEEGet Free Report) Director David Henry Hoffmann purchased 8,100 shares of the stock in a transaction on Thursday, May 14th. The shares were bought at an average cost of $7.78 per share, for a total transaction of $63,018.00. Following the transaction, the director directly owned 11,290,049 shares in the company, valued at approximately $87,836,581.22. The trade was a 0.07% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Monday, May 18th, David Henry Hoffmann purchased 10,600 shares of Lee Enterprises stock. The shares were bought at an average cost of $8.93 per share, for a total transaction of $94,658.00.
  • On Wednesday, May 13th, David Henry Hoffmann purchased 7,400 shares of Lee Enterprises stock. The shares were bought at an average cost of $7.99 per share, for a total transaction of $59,126.00.
  • On Tuesday, May 12th, David Henry Hoffmann purchased 8,100 shares of Lee Enterprises stock. The shares were bought at an average cost of $7.82 per share, for a total transaction of $63,342.00.
  • On Friday, March 13th, David Henry Hoffmann purchased 27,800 shares of Lee Enterprises stock. The shares were bought at an average cost 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 bought at an average cost of $9.33 per share, for a total transaction of $259,374.00.
  • On Wednesday, March 4th, David Henry Hoffmann purchased 19,000 shares of Lee Enterprises stock. The shares were bought at an average cost of $9.16 per share, for a total transaction of $174,040.00.
  • On Monday, March 2nd, David Henry Hoffmann purchased 19,000 shares of Lee Enterprises stock. The shares were 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 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 cost of $8.64 per share, for a total transaction of $118,454.40.
  • On Monday, February 23rd, David Henry Hoffmann bought 15,200 shares of Lee Enterprises stock. The shares were acquired at an average cost of $8.91 per share, for a total transaction of $135,432.00.

Lee Enterprises Stock Up 7.5%

LEE stock opened at $9.51 on Thursday. 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 $211.41 million, a PE ratio of -1.31 and a beta of 0.20. Lee Enterprises, Incorporated has a 1-year low of $3.34 and a 1-year high of $9.97. The business’s 50 day simple moving average is $8.49 and its 200 day simple moving average is $6.43.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Gamco Investors INC. ET AL increased its holdings in shares of Lee Enterprises by 23.8% during the 4th quarter. Gamco Investors INC. ET AL now owns 601,454 shares of the company’s stock worth $2,881,000 after acquiring an additional 115,779 shares during the last quarter. Gabelli Funds LLC increased its holdings in shares of Lee Enterprises by 9.5% during the 4th quarter. Gabelli Funds LLC now owns 226,800 shares of the company’s stock worth $1,086,000 after acquiring an additional 19,700 shares during the last quarter. Private Advisor Group LLC acquired a new position in shares of Lee Enterprises during the 1st quarter worth approximately $430,000. Royal Bank of Canada increased its holdings in shares of Lee Enterprises by 15,715.8% during the 1st quarter. Royal Bank of Canada now owns 29,101 shares of the company’s stock worth $302,000 after acquiring an additional 28,917 shares during the last quarter. Finally, DRW Securities LLC acquired a new position in shares of Lee Enterprises during the 4th quarter worth approximately $99,000. 39.20% of the stock is owned by institutional investors and hedge funds.

Lee Enterprises Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Lee Enterprises (NYSE:LEE)

Receive News & Ratings for Lee Enterprises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lee Enterprises and related companies with MarketBeat.com's FREE daily email newsletter.