Lee Enterprises (NYSE:LEE) Major Shareholder Digital Ltd Quint Purchases 10,000 Shares

Lee Enterprises, Incorporated (NYSE:LEE) major shareholder Digital Ltd Quint acquired 10,000 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The stock was acquired at an average price of $9.13 per share, for a total transaction of $91,300.00. Following the transaction, the insider directly owned 3,244,800 shares of the company’s stock, valued at $29,625,024. This represents a 0.31% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Large 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 Monday, March 2nd, Digital Ltd Quint bought 20,454 shares of Lee Enterprises stock. The shares were acquired at an average price of $8.87 per share, with a total value of $181,426.98.
• On Thursday, February 5th, Digital Ltd Quint bought 2,451,346 shares of Lee Enterprises stock. The stock was acquired at an average price of $3.25 per share, for a total transaction of $7,966,874.50.

Lee Enterprises Stock Performance

NYSE:LEE opened at $9.17 on Thursday. The stock has a market cap of $203.94 million, a P/E ratio of -1.26 and a beta of 0.37. 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’s 50-day moving average price is $6.03 and its two-hundred day moving average price is $4.98. Lee Enterprises, Incorporated has a twelve month low of $3.34 and a twelve month high of $11.21.

Hedge Funds Weigh In On Lee Enterprises

A number of institutional investors have recently made changes to their positions in LEE. Murphy Pohlad Asset Management LLC purchased a new stake in shares of Lee Enterprises during the 3rd quarter valued at $66,000. Teton Advisors LLC increased 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 acquiring an additional 2,000 shares during the last quarter. Jane Street Group LLC purchased a new stake in Lee Enterprises during the second quarter valued at about $86,000. DRW Securities LLC bought a new stake in Lee Enterprises during the fourth quarter worth about $99,000. Finally, Royal Bank of Canada boosted its holdings in shares of 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 in 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.