Lee Enterprises (NYSE:LEE) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Lee Enterprises, Incorporated (NYSE:LEE)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $7.31 and traded as high as $9.41. Lee Enterprises shares last traded at $9.35, with a volume of 49,015 shares changing hands.

Lee Enterprises Stock Performance

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 stock has a market cap of $207.85 million, a P/E ratio of -1.28 and a beta of 0.31. The stock has a fifty day simple moving average of $9.14 and a 200-day simple moving average of $7.31.

Insider Buying and Selling

In other news, Director David Henry Hoffmann acquired 6,925 shares of Lee Enterprises stock in a transaction that occurred on Monday, June 8th. The shares were acquired at an average price of $10.86 per share, with a total value of $75,205.50. Following the purchase, the director directly owned 11,517,242 shares of the company’s stock, valued at $125,077,248.12. The trade was a 0.06% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Herbert W. Moloney III sold 24,000 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $9.82, for a total transaction of $235,680.00. Following the transaction, the director owned 23,037 shares of the company’s stock, valued at approximately $226,223.34. This represents a 51.02% decrease in their position. The SEC filing for this sale provides additional information. Insiders purchased a total of 94,225 shares of company stock worth $898,978 over the last quarter. 54.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Lee Enterprises

Institutional investors and hedge funds have recently made changes to their positions in the company. Teton Advisors LLC increased its position in shares of Lee Enterprises by 13.3% in the 4th quarter. Teton Advisors LLC now owns 17,000 shares of the company’s stock valued at $81,000 after buying an additional 2,000 shares in the last quarter. Jane Street Group LLC bought a new position in Lee Enterprises during the second quarter worth about $86,000. DRW Securities LLC acquired a new position in Lee Enterprises in the fourth quarter valued at about $99,000. Royal Bank of Canada grew its stake in 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 acquiring an additional 28,917 shares during the period. Finally, Private Advisor Group LLC acquired a new position in Lee Enterprises in the first quarter valued at about $430,000. Institutional investors and hedge funds own 39.20% of the company’s stock.

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.