Lee Enterprises (NYSE:LEE) Director David Henry Hoffmann Acquires 10,600 Shares

Lee Enterprises, Incorporated (NYSE:LEEGet Free Report) Director David Henry Hoffmann acquired 10,600 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were purchased at an average price of $9.56 per share, with a total value of $101,336.00. Following the acquisition, the director owned 11,351,149 shares of the company’s stock, valued at approximately $108,516,984.44. This trade represents a 0.09% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Tuesday, May 26th, David Henry Hoffmann acquired 13,700 shares of Lee Enterprises stock. The shares were purchased at an average price of $9.99 per share, with a total value of $136,863.00.
  • On Wednesday, May 20th, David Henry Hoffmann acquired 10,600 shares of Lee Enterprises stock. The shares were purchased at an average price of $9.79 per share, with a total value of $103,774.00.
  • On Monday, May 18th, David Henry Hoffmann acquired 10,600 shares of Lee Enterprises stock. The shares were purchased at an average price of $8.93 per share, with a total value of $94,658.00.
  • On Thursday, May 14th, David Henry Hoffmann acquired 8,100 shares of Lee Enterprises stock. The shares were purchased at an average price of $7.78 per share, with a total value of $63,018.00.
  • On Wednesday, May 13th, David Henry Hoffmann acquired 7,400 shares of Lee Enterprises stock. The shares were purchased at an average price of $7.99 per share, with a total value of $59,126.00.
  • On Tuesday, May 12th, David Henry Hoffmann acquired 8,100 shares of Lee Enterprises stock. The shares were purchased at an average price of $7.82 per share, with a total value of $63,342.00.
  • On Friday, March 13th, David Henry Hoffmann acquired 27,800 shares of Lee Enterprises stock. The shares were purchased at an average price of $9.35 per share, with a total value of $259,930.00.
  • On Wednesday, March 11th, David Henry Hoffmann acquired 27,800 shares of Lee Enterprises stock. The shares were purchased at an average price of $9.33 per share, with a total value of $259,374.00.
  • On Wednesday, March 4th, David Henry Hoffmann purchased 19,000 shares of Lee Enterprises stock. The shares were purchased at an average cost of $9.16 per share, for a total transaction of $174,040.00.
  • On Monday, March 2nd, David Henry Hoffmann purchased 19,000 shares of Lee Enterprises stock. The shares were purchased at an average cost of $8.85 per share, for a total transaction of $168,150.00.

Lee Enterprises Stock Performance

Shares of LEE traded up $0.19 during trading hours on Wednesday, hitting $9.91. The company had a trading volume of 83,298 shares, compared to its average volume of 67,397. The firm has a market cap of $220.30 million, a price-to-earnings ratio of -1.36 and a beta of 0.20. The business has a fifty day moving average of $8.52 and a 200-day moving average of $6.58. Lee Enterprises, Incorporated has a 12 month low of $3.34 and a 12 month high of $10.33. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 69.34.

Hedge Funds Weigh In On Lee Enterprises

Several institutional investors and hedge funds have recently modified their holdings of the business. Murphy Pohlad Asset Management LLC acquired a new stake in Lee Enterprises during the third quarter worth about $66,000. Teton Advisors LLC grew its stake 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 buying an additional 2,000 shares in the last quarter. Jane Street Group LLC acquired a new stake in Lee Enterprises during the second quarter worth about $86,000. DRW Securities LLC acquired a new stake in Lee Enterprises during the fourth quarter worth about $99,000. Finally, Royal Bank of Canada grew its stake in 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 buying an additional 28,917 shares in the last quarter. 39.20% of the stock is currently owned by institutional investors and hedge funds.

Lee Enterprises Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Lee Enterprises (NYSE:LEE)

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