Lee Enterprises, Incorporated (NYSE:LEE – Get Free Report) was down 5.9% during mid-day trading on Friday. The company traded as low as $6.59 and last traded at $6.59. 17,544 shares traded hands during trading, a decline of 71% from the average daily volume of 60,517 shares. The stock had previously closed at $7.00.
Lee Enterprises Price Performance
The company has a debt-to-equity ratio of 69.34, a current ratio of 0.78 and a quick ratio of 0.72. The business’s 50 day moving average price is $7.03 and its 200 day moving average price is $8.00. The stock has a market capitalization of $146.90 million, a P/E ratio of -0.91 and a beta of 0.45.
Hedge Funds Weigh In On Lee Enterprises
A number of institutional investors and hedge funds have recently modified their holdings of LEE. Deutsche Bank AG bought a new stake in Lee Enterprises during the 2nd quarter worth approximately $59,000. NewEdge Advisors LLC purchased a new position in Lee Enterprises during the second quarter valued at approximately $113,000. State of Wyoming bought a new position in shares of Lee Enterprises in the third quarter worth approximately $287,000. Private Advisor Group LLC bought a new position in shares of Lee Enterprises in the first quarter worth approximately $430,000. Finally, Cannell Capital LLC bought a new position in shares of Lee Enterprises in the second quarter worth approximately $3,085,367. 39.20% of the stock is currently owned by hedge funds and other institutional investors.
Lee Enterprises Company Profile
Lee Enterprises, Inc is a media company that publishes local newspapers and operates digital news and information platforms. Its products include daily and weekly newspapers, news websites, mobile applications, email newsletters, magazines and other specialty publications. The company also provides advertising, marketing and audience-engagement services to businesses and organizations.
Lee serves communities primarily across the United States, with local media operations covering regional news, business, sports, government, lifestyle and other topics.
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