Lee Enterprises (NYSE:LEE) Director Acquires $137,256.00 in Stock

Lee Enterprises, Incorporated (NYSE:LEE) Director David Henry Hoffmann acquired 15,200 shares of Lee Enterprises stock in a transaction dated Thursday, February 26th. The shares were acquired at an average cost of $9.03 per share, with a total value of $137,256.00. Following the completion of the acquisition, the director directly owned 11,017,249 shares in the company, valued at $99,485,758.47. This trade represents a 0.14% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Wednesday, February 25th, David Henry Hoffmann bought 13,710 shares of Lee Enterprises stock. The stock was 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 purchased 15,200 shares of Lee Enterprises stock. The stock was acquired at an average cost of $8.91 per share, with a total value of $135,432.00.
• On Thursday, February 19th, David Henry Hoffmann purchased 10,600 shares of Lee Enterprises stock. The shares were acquired at an average price of $7.81 per share, with a total value of $82,786.00.
• On Tuesday, February 17th, David Henry Hoffmann acquired 10,600 shares of Lee Enterprises stock. The stock was bought at an average price 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, with a total value of $43,729.83.

Lee Enterprises Price Performance

Shares of Lee Enterprises stock traded down $0.09 during midday trading on Thursday, hitting $8.68. 123,002 shares of the company were exchanged, compared to its average volume of 59,890. The firm has a 50 day simple moving average of $5.50 and a 200-day simple moving average of $4.81. 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 firm has a market cap of $193.04 million, a P/E ratio of -1.19 and a beta of 0.55. Lee Enterprises, Incorporated has a 52 week low of $3.34 and a 52 week high of $11.21.

Institutional Investors Weigh In On Lee Enterprises

Several large investors have recently made changes to their positions in the company. Wittenberg Investment Management Inc. lifted its holdings in Lee Enterprises by 20.1% during the 2nd quarter. Wittenberg Investment Management Inc. now owns 85,043 shares of the company’s stock valued at $544,000 after purchasing an additional 14,262 shares during the last quarter. Gamco Investors INC. ET AL increased its holdings in shares of Lee Enterprises by 4.9% during the second quarter. Gamco Investors INC. ET AL now owns 493,816 shares of the company’s stock worth $3,160,000 after buying an additional 23,269 shares in the last quarter. Murphy Pohlad Asset Management LLC bought a new position in shares of Lee Enterprises in the third quarter valued at approximately $66,000. Teton Advisors LLC acquired a new position in shares of Lee Enterprises in the 3rd quarter worth approximately $82,000. Finally, Gabelli Funds LLC grew its position in Lee Enterprises by 2.3% during the 3rd quarter. Gabelli Funds LLC now owns 207,100 shares of the company’s stock worth $1,127,000 after acquiring an additional 4,618 shares during the last quarter. 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.