Lee Enterprises (NYSE:LEE) Share Price Passes Above 200-Day Moving Average – Here’s Why

Lee Enterprises, Incorporated (NYSE:LEE)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.54 and traded as high as $9.49. Lee Enterprises shares last traded at $9.43, with a volume of 65,477 shares.

Lee Enterprises Stock Down 1.9%

The business has a 50 day moving average of $9.22 and a two-hundred day moving average of $7.61. 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 stock has a market capitalization of $195.40 million, a PE ratio of -1.21 and a beta of 0.30.

Insiders Place Their Bets

In other Lee Enterprises news, Director Herbert W. Moloney III sold 24,000 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $9.82, for a total transaction 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 can be accessed through the SEC website. Also, Director David Henry Hoffmann bought 18,200 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The stock was purchased at an average cost of $11.08 per share, for a total transaction of $201,656.00. Following the completion of the transaction, the director owned 11,492,117 shares in the company, valued at $127,332,656.36. This trade represents a 0.16% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have bought 94,225 shares of company stock worth $898,978. Insiders own 54.20% of the company’s stock.

Institutional Investors Weigh In On Lee Enterprises

Large investors have recently bought and sold shares of the company. Private Advisor Group LLC acquired a new stake in Lee Enterprises during the 1st quarter valued at approximately $430,000. DRW Securities LLC purchased a new stake in Lee Enterprises in the fourth quarter valued at $99,000. Gamco Investors INC. ET AL grew its position in Lee Enterprises by 23.8% during the 4th quarter. Gamco Investors INC. ET AL now owns 601,454 shares of the company’s stock worth $2,881,000 after purchasing an additional 115,779 shares during the period. Teton Advisors LLC raised its stake in shares of Lee Enterprises by 13.3% during the 4th 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. Finally, Gabelli Funds LLC lifted its holdings in shares of Lee Enterprises by 9.5% in the 4th quarter. Gabelli Funds LLC now owns 226,800 shares of the company’s stock valued at $1,086,000 after buying an additional 19,700 shares during the period. Hedge funds and other 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.