Lee Enterprises (NYSE:LEE) Director Herbert Moloney III Sells 24,000 Shares

Lee Enterprises, Incorporated (NYSE:LEE) Director Herbert Moloney III sold 24,000 shares of the firm’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $9.82, for a total value of $235,680.00. Following the transaction, the director owned 23,037 shares in the company, valued at approximately $226,223.34. This represents a 51.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Lee Enterprises Stock Down 2.1%

Shares of Lee Enterprises stock traded down $0.22 during trading on Friday, hitting $10.07. 14,098 shares of the stock traded hands, compared to its average volume of 67,276. The firm has a market cap of $223.86 million, a P/E ratio of -1.38 and a beta of 0.30. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 69.34. Lee Enterprises, Incorporated has a 52-week low of $3.34 and a 52-week high of $11.88. The stock’s fifty day simple moving average is $9.02 and its 200 day simple moving average is $7.10.

Hedge Funds Weigh In On Lee Enterprises

Institutional investors have recently made changes to their positions in the company. Teton Advisors LLC raised 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 during the last quarter. Jane Street Group LLC purchased a new stake in Lee Enterprises in the second quarter valued at about $86,000. DRW Securities LLC purchased a new stake in Lee Enterprises in the fourth quarter valued at about $99,000. Royal Bank of Canada raised 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 buying an additional 28,917 shares during the last quarter. Finally, Private Advisor Group LLC purchased a new stake in Lee Enterprises in the first quarter valued at about $430,000. Hedge funds and other 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.