Lee Enterprises (NYSE:LEE) Director David Henry Hoffmann Purchases 13,710 Shares

Lee Enterprises, Incorporated (NYSE:LEE) Director David Henry Hoffmann purchased 13,710 shares of the stock in a transaction dated Wednesday, February 25th. The shares were acquired at an average cost of $8.64 per share, for a total transaction of $118,454.40. Following the completion of the acquisition, the director owned 11,002,049 shares of the company’s stock, valued at approximately $95,057,703.36. This represents a 0.12% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Thursday, February 26th, David Henry Hoffmann acquired 15,200 shares of Lee Enterprises stock. The stock was acquired at an average price of $9.03 per share, with a total value of $137,256.00.
• On Monday, February 23rd, David Henry Hoffmann bought 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 bought at an average cost of $7.81 per share, for a total transaction of $82,786.00.
• On Tuesday, February 17th, David Henry Hoffmann purchased 10,600 shares of Lee Enterprises stock. The stock was bought at an average price of $7.10 per share, with a total value of $75,260.00.
• On Friday, February 13th, David Henry Hoffmann acquired 6,099 shares of Lee Enterprises stock. The shares were bought at an average price of $7.17 per share, for a total transaction of $43,729.83.

Lee Enterprises Trading Up 1.1%

Shares of LEE stock opened at $8.77 on Friday. 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 12-month low of $3.34 and a 12-month high of $11.21. The stock has a market capitalization of $195.09 million, a P/E ratio of -1.20 and a beta of 0.55. The firm’s 50 day moving average is $5.60 and its 200 day moving average is $4.84.

Institutional Trading of Lee Enterprises

Hedge funds have recently bought and sold shares of the company. Murphy Pohlad Asset Management LLC purchased a new position in Lee Enterprises in the third quarter worth about $66,000. Teton Advisors LLC lifted its stake in shares of Lee Enterprises by 13.3% in the 4th quarter. Teton Advisors LLC now owns 17,000 shares of the company’s stock worth $81,000 after purchasing an additional 2,000 shares during the period. Jane Street Group LLC purchased a new position in shares of Lee Enterprises in the second quarter worth approximately $86,000. DRW Securities LLC bought a new stake in Lee Enterprises during the fourth quarter valued at approximately $99,000. Finally, Royal Bank of Canada increased its holdings 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 valued at $302,000 after buying an additional 28,917 shares during the last quarter. 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.