Lee Enterprises (NYSE:LEE) Director Purchases $103,774.00 in Stock

Lee Enterprises, Incorporated (NYSE:LEE) Director David Henry Hoffmann purchased 10,600 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The stock was bought at an average price of $9.79 per share, for a total transaction of $103,774.00. Following the purchase, the director owned 11,329,949 shares in the company, valued at $110,920,200.71. The trade was a 0.09% 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 Monday, May 18th, David Henry Hoffmann purchased 10,600 shares of Lee Enterprises stock. The stock was bought at an average price of $8.93 per share, for a total transaction of $94,658.00.
• On Thursday, May 14th, David Henry Hoffmann purchased 8,100 shares of Lee Enterprises stock. The stock was bought at an average price 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 bought at an average price of $7.99 per share, for a total transaction of $59,126.00.
• On Tuesday, May 12th, David Henry Hoffmann purchased 8,100 shares of Lee Enterprises stock. The stock was bought at an average price of $7.82 per share, for a total transaction of $63,342.00.
• On Friday, March 13th, David Henry Hoffmann purchased 27,800 shares of Lee Enterprises stock. The stock was bought at an average price of $9.35 per share, for a total transaction of $259,930.00.
• On Wednesday, March 11th, David Henry Hoffmann purchased 27,800 shares of Lee Enterprises stock. The stock was bought at an average price of $9.33 per share, for a total transaction of $259,374.00.
• On Wednesday, March 4th, David Henry Hoffmann purchased 19,000 shares of Lee Enterprises stock. The stock was bought at an average price of $9.16 per share, for a total transaction 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 price 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 price of $9.03 per share, for a total transaction of $137,256.00.
• On Wednesday, February 25th, David Henry Hoffmann purchased 13,710 shares of Lee Enterprises stock. The stock was bought at an average price of $8.64 per share, for a total transaction of $118,454.40.

Lee Enterprises Stock Down 0.5%

Shares of LEE opened at $9.40 on Friday. Lee Enterprises, Incorporated has a 52 week low of $3.34 and a 52 week high of $10.09. The firm has a market cap of $208.96 million, a P/E ratio of -1.29 and a beta of 0.20. The firm’s 50-day simple moving average is $8.50 and its 200 day simple moving average is $6.49. The company has a debt-to-equity ratio of 69.34, a quick ratio of 0.72 and a current ratio of 0.78.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Murphy Pohlad Asset Management LLC bought a new stake in Lee Enterprises in the 3rd quarter valued at about $66,000. Teton Advisors LLC boosted its holdings 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 period. Jane Street Group LLC bought a new stake in Lee Enterprises in the 2nd quarter valued at about $86,000. DRW Securities LLC bought a new stake in Lee Enterprises in the 4th quarter valued at about $99,000. Finally, Royal Bank of Canada boosted its holdings in Lee Enterprises by 15,715.8% in the 1st quarter. Royal Bank of Canada now owns 29,101 shares of the company’s stock valued at $302,000 after purchasing an additional 28,917 shares during the period. Institutional investors and hedge funds 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.