Insider Buying: Lee Enterprises (NYSE:LEE) Director Acquires 6,099 Shares of Stock

Lee Enterprises, Incorporated (NYSE:LEE) Director David Henry Hoffmann bought 6,099 shares of the company’s stock in a transaction dated Friday, February 13th. The stock was bought at an average price of $7.17 per share, with a total value of $43,729.83. Following the acquisition, the director owned 10,915,539 shares in the company, valued at approximately $78,264,414.63. This trade represents a 0.06% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Tuesday, February 17th, David Henry Hoffmann purchased 10,600 shares of Lee Enterprises stock. The shares were bought at an average price of $7.10 per share, for a total transaction of $75,260.00.

Lee Enterprises Trading Up 1.7%

LEE traded up $0.12 during trading on Wednesday, reaching $7.20. The company had a trading volume of 49,874 shares, compared to its average volume of 48,474. 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 50 day simple moving average of $4.95 and a 200-day simple moving average of $4.66. The stock has a market cap of $45.09 million, a P/E ratio of -0.99 and a beta of 0.55. Lee Enterprises, Incorporated has a 52 week low of $3.34 and a 52 week high of $11.69.

Institutional Trading of Lee Enterprises

Institutional investors have recently added to or reduced their stakes in the company. Murphy Pohlad Asset Management LLC bought a new position in shares of Lee Enterprises during the third quarter valued at approximately $66,000. Teton Advisors LLC grew its position in 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 acquiring an additional 2,000 shares during the last quarter. Jane Street Group LLC purchased a new stake in Lee Enterprises in the second quarter worth $86,000. DRW Securities LLC bought a new stake in shares of Lee Enterprises during the fourth quarter worth $99,000. Finally, Royal Bank of Canada lifted its position in shares of Lee Enterprises by 15,715.8% during the first 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. Institutional investors 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.