David Henry Hoffmann Buys 27,800 Shares of Lee Enterprises (NYSE:LEE) Stock

Lee Enterprises, Incorporated (NYSE:LEE) Director David Henry Hoffmann acquired 27,800 shares of the stock in a transaction dated Friday, March 13th. The stock was acquired at an average price of $9.35 per share, for a total transaction of $259,930.00. Following the completion of the acquisition, the director directly owned 11,266,449 shares of the company’s stock, valued at $105,341,298.15. The trade was a 0.25% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Wednesday, March 11th, David Henry Hoffmann bought 27,800 shares of Lee Enterprises stock. The shares were acquired at an average price of $9.33 per share, with a total value of $259,374.00.
• On Wednesday, March 4th, David Henry Hoffmann bought 19,000 shares of Lee Enterprises stock. The stock was acquired at an average cost of $9.16 per share, with a total value of $174,040.00.
• On Monday, March 2nd, David Henry Hoffmann purchased 19,000 shares of Lee Enterprises stock. The stock was acquired at an average price of $8.85 per share, for a total transaction of $168,150.00.
• On Thursday, February 26th, David Henry Hoffmann purchased 15,200 shares of Lee Enterprises stock. The stock was acquired at an average price of $9.03 per share, for a total transaction of $137,256.00.
• On Wednesday, February 25th, David Henry Hoffmann purchased 13,710 shares of Lee Enterprises stock. The shares were acquired at an average cost of $8.64 per share, for a total transaction of $118,454.40.
• On Monday, February 23rd, David Henry Hoffmann acquired 15,200 shares of Lee Enterprises stock. The shares were acquired at an average price of $8.91 per share, with a total value of $135,432.00.
• On Thursday, February 19th, David Henry Hoffmann acquired 10,600 shares of Lee Enterprises stock. The stock was bought at an average price of $7.81 per share, with a total value of $82,786.00.
• On Tuesday, February 17th, David Henry Hoffmann bought 10,600 shares of Lee Enterprises stock. The stock was bought at an average cost of $7.10 per share, for a total transaction of $75,260.00.
• On Friday, February 13th, David Henry Hoffmann bought 6,099 shares of Lee Enterprises stock. The stock was bought at an average cost of $7.17 per share, for a total transaction of $43,729.83.

Lee Enterprises Stock Performance

LEE opened at $9.42 on Friday. The business’s 50-day simple moving average is $6.71 and its 200 day simple moving average is $5.22. Lee Enterprises, Incorporated has a 52-week low of $3.34 and a 52-week high of $11.21. The company has a debt-to-equity ratio of 69.34, a quick ratio of 0.72 and a current ratio of 0.78. The firm has a market capitalization of $209.50 million, a PE ratio of -1.29 and a beta of 0.37.

Institutional Investors Weigh In On Lee Enterprises

Large investors have recently made changes to their positions in the stock. Murphy Pohlad Asset Management LLC bought a new position in shares of Lee Enterprises in the third quarter valued at $66,000. Teton Advisors LLC raised its position in Lee Enterprises by 13.3% during the fourth quarter. Teton Advisors LLC now owns 17,000 shares of the company’s stock worth $81,000 after acquiring an additional 2,000 shares in the last quarter. Jane Street Group LLC bought a new stake in Lee Enterprises during the second quarter worth $86,000. DRW Securities LLC acquired a new stake in Lee Enterprises in the fourth quarter valued at $99,000. Finally, Royal Bank of Canada lifted 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 last quarter. Institutional investors and hedge funds 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.