Lee Enterprises (NYSE:LEE) Director David Henry Hoffmann Acquires 18,200 Shares of Stock

Lee Enterprises, Incorporated (NYSE:LEEGet Free Report) Director David Henry Hoffmann bought 18,200 shares of the stock in a transaction that occurred on Thursday, June 4th. The shares were purchased at an average cost of $11.08 per share, for a total transaction of $201,656.00. Following the completion of the acquisition, the director owned 11,492,117 shares of the company’s stock, valued at $127,332,656.36. This trade represents a 0.16% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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

  • On Monday, June 8th, David Henry Hoffmann bought 6,925 shares of Lee Enterprises stock. The shares were purchased at an average cost of $10.86 per share, for a total transaction of $75,205.50.
  • On Tuesday, May 26th, David Henry Hoffmann bought 13,700 shares of Lee Enterprises stock. The shares were purchased at an average cost of $9.99 per share, for a total transaction of $136,863.00.
  • On Friday, May 22nd, David Henry Hoffmann bought 10,600 shares of Lee Enterprises stock. The shares were purchased at an average cost of $9.56 per share, for a total transaction of $101,336.00.
  • On Wednesday, May 20th, David Henry Hoffmann bought 10,600 shares of Lee Enterprises stock. The shares were purchased at an average cost of $9.79 per share, for a total transaction of $103,774.00.
  • On Monday, May 18th, David Henry Hoffmann bought 10,600 shares of Lee Enterprises stock. The shares were purchased at an average cost of $8.93 per share, for a total transaction of $94,658.00.
  • On Thursday, May 14th, David Henry Hoffmann bought 8,100 shares of Lee Enterprises stock. The shares were purchased at an average cost of $7.78 per share, for a total transaction of $63,018.00.
  • On Wednesday, May 13th, David Henry Hoffmann bought 7,400 shares of Lee Enterprises stock. The shares were purchased at an average cost of $7.99 per share, for a total transaction of $59,126.00.
  • On Tuesday, May 12th, David Henry Hoffmann bought 8,100 shares of Lee Enterprises stock. The shares were purchased 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 stock was 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 stock was bought at an average cost of $9.33 per share, for a total transaction of $259,374.00.

Lee Enterprises Trading Up 3.1%

Shares of LEE opened at $10.68 on Tuesday. The business’s 50-day moving average price is $8.92 and its 200 day moving average price is $6.98. The stock has a market capitalization of $237.42 million, a P/E ratio of -1.47 and a beta of 0.31. Lee Enterprises, Incorporated has a 1-year low of $3.34 and a 1-year high of $11.88. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 69.34.

Institutional Investors Weigh In On Lee Enterprises

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC acquired a new stake in Lee Enterprises in the 2nd quarter worth approximately $86,000. Teton Advisors LLC acquired a new stake in Lee Enterprises in the 3rd quarter worth approximately $82,000. DRW Securities LLC acquired a new stake in Lee Enterprises in the 4th quarter worth approximately $99,000. Royal Bank of Canada lifted its holdings in Lee Enterprises by 15,715.8% in the 1st 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 during the last quarter. Finally, Private Advisor Group LLC acquired a new stake in Lee Enterprises in the 1st quarter worth approximately $430,000. 39.20% of the stock is currently owned by institutional investors and hedge funds.

About Lee Enterprises

(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)

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