David Henry Hoffmann Buys 10,600 Shares of Lee Enterprises (NYSE:LEE) Stock

Lee Enterprises, Incorporated (NYSE:LEE) Director David Henry Hoffmann acquired 10,600 shares of the business’s stock in a transaction on Monday, May 18th. The stock was purchased at an average cost of $8.93 per share, with a total value of $94,658.00. Following the acquisition, the director directly owned 11,308,749 shares of the company’s stock, valued at $100,987,128.57. This represents a 0.09% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Thursday, May 14th, David Henry Hoffmann bought 8,100 shares of Lee Enterprises stock. The shares were purchased at an average cost of $7.78 per share, for a total transaction of $63,018.00.
• On Wednesday, May 13th, David Henry Hoffmann purchased 7,400 shares of Lee Enterprises stock. The stock was acquired at an average price of $7.99 per share, with a total value of $59,126.00.
• On Tuesday, May 12th, David Henry Hoffmann purchased 8,100 shares of Lee Enterprises stock. The stock was acquired at an average cost of $7.82 per share, with a total value of $63,342.00.
• On Friday, March 13th, David Henry Hoffmann purchased 27,800 shares of Lee Enterprises stock. The shares were acquired at an average price of $9.35 per share, for a total transaction of $259,930.00.
• On Wednesday, March 11th, David Henry Hoffmann acquired 27,800 shares of Lee Enterprises stock. The stock was acquired at an average cost of $9.33 per share, for a total transaction of $259,374.00.
• On Wednesday, March 4th, David Henry Hoffmann bought 19,000 shares of Lee Enterprises stock. The shares were acquired at an average cost of $9.16 per share, with a total value of $174,040.00.
• On Monday, March 2nd, David Henry Hoffmann purchased 19,000 shares of Lee Enterprises stock. The stock was bought at an average cost of $8.85 per share, for a total transaction of $168,150.00.
• On Thursday, February 26th, David Henry Hoffmann purchased 15,200 shares of Lee Enterprises stock. The stock was bought at an average cost of $9.03 per share, with a total value of $137,256.00.
• On Wednesday, February 25th, David Henry Hoffmann acquired 13,710 shares of Lee Enterprises stock. The shares were bought at an average price of $8.64 per share, with a total value of $118,454.40.
• On Monday, February 23rd, David Henry Hoffmann acquired 15,200 shares of Lee Enterprises stock. The shares were bought at an average cost of $8.91 per share, for a total transaction of $135,432.00.

Lee Enterprises Stock Up 1.4%

LEE stock opened at $8.85 on Wednesday. Lee Enterprises, Incorporated has a 52 week low of $3.34 and a 52 week high of $9.97. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 69.34. The firm has a 50-day simple moving average of $8.47 and a 200-day simple moving average of $6.39. The stock has a market capitalization of $196.74 million, a P/E ratio of -1.22 and a beta of 0.20.

Hedge Funds Weigh In On Lee Enterprises

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Murphy Pohlad Asset Management LLC acquired a new stake in shares of Lee Enterprises in the third quarter worth approximately $66,000. Teton Advisors LLC raised its stake in Lee Enterprises by 13.3% in the 4th quarter. Teton Advisors LLC now owns 17,000 shares of the company’s stock valued at $81,000 after purchasing an additional 2,000 shares during the last quarter. Jane Street Group LLC purchased a new position in Lee Enterprises in the 2nd quarter valued at $86,000. DRW Securities LLC purchased a new stake in shares of Lee Enterprises during the fourth quarter worth $99,000. Finally, Royal Bank of Canada grew its holdings in shares of Lee Enterprises by 15,715.8% during the first quarter. Royal Bank of Canada now owns 29,101 shares of the company’s stock worth $302,000 after buying an additional 28,917 shares in the last quarter. 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.