Lee Enterprises (NYSE:LEE) Director Brent Magid Sells 26,804 Shares of Stock

Lee Enterprises, Incorporated (NYSE:LEE) Director Brent Magid sold 26,804 shares of Lee Enterprises stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $9.08, for a total value of $243,380.32. Following the completion of the transaction, the director owned 8,760 shares of the company’s stock, valued at approximately $79,540.80. This trade represents a 75.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

Lee Enterprises Stock Performance

NYSE LEE opened at $8.78 on Wednesday. The business’s 50 day moving average price is $6.44 and its 200-day moving average price is $5.12. Lee Enterprises, Incorporated has a fifty-two week low of $3.34 and a fifty-two week high of $11.21. The company has a market cap of $195.27 million, a P/E ratio of -1.21 and a beta of 0.36. The company has a debt-to-equity ratio of 69.34, a quick ratio of 0.72 and a current ratio of 0.78.

Institutional Investors Weigh In On Lee Enterprises

Several institutional investors have recently made changes to their positions in LEE. Murphy Pohlad Asset Management LLC purchased a new position in shares of Lee Enterprises during the 3rd quarter worth about $66,000. Teton Advisors LLC lifted 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 worth $81,000 after purchasing an additional 2,000 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Lee Enterprises during the second quarter valued at approximately $86,000. DRW Securities LLC purchased a new position in shares of Lee Enterprises during the fourth quarter valued at approximately $99,000. Finally, Royal Bank of Canada grew its stake 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 valued at $302,000 after buying an additional 28,917 shares during the last quarter. Institutional investors own 39.20% of the company’s stock.

About Lee Enterprises

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.