Digital Ltd Quint Buys 20,454 Shares of Lee Enterprises (NYSE:LEE) Stock

Lee Enterprises, Incorporated (NYSE:LEE) major shareholder Digital Ltd Quint bought 20,454 shares of Lee Enterprises stock in a transaction dated Monday, March 2nd. The shares were bought at an average cost of $8.87 per share, for a total transaction of $181,426.98. Following the completion of the acquisition, the insider owned 3,234,800 shares in the company, valued at $28,692,676. This represents a 0.64% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Digital Ltd Quint also recently made the following trade(s):

• On Thursday, February 5th, Digital Ltd Quint purchased 2,451,346 shares of Lee Enterprises stock. The stock was bought at an average cost of $3.25 per share, with a total value of $7,966,874.50.

Lee Enterprises Price Performance

LEE stock traded down $0.17 during mid-day trading on Tuesday, hitting $9.23. The stock had a trading volume of 133,031 shares, compared to its average volume of 65,703. The firm has a fifty day simple moving average of $5.81 and a 200 day simple moving average of $4.92. Lee Enterprises, Incorporated has a 52 week low of $3.34 and a 52 week high of $11.21. 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 $205.28 million, a P/E ratio of -1.27 and a beta of 0.55.

Hedge Funds Weigh In On Lee Enterprises

Institutional investors have recently modified their holdings of the business. Teton Advisors LLC boosted its stake in Lee Enterprises by 13.3% in the fourth 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. Gabelli Funds LLC boosted 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 in the last quarter. Murphy Pohlad Asset Management LLC bought a new stake in shares of Lee Enterprises during the 3rd quarter valued at approximately $66,000. Jane Street Group LLC bought a new stake in shares of Lee Enterprises during the 2nd quarter valued at approximately $86,000. Finally, Wittenberg Investment Management Inc. increased its position in Lee Enterprises by 20.1% during the 2nd quarter. Wittenberg Investment Management Inc. now owns 85,043 shares of the company’s stock worth $544,000 after purchasing an additional 14,262 shares in the last quarter. 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.