Lee Enterprises, Incorporated (NYSE:LEE – Get Free Report) Director David Hoffmann acquired 7,028 shares of the company’s stock in a transaction that occurred on Tuesday, November 10th. The shares were acquired at an average price of $6.96 per share, with a total value of $48,914.88. Following the completion of the transaction, the director owned 11,537,609 shares in the company, valued at $80,301,758.64. The trade was a 0.06% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Lee Enterprises Price Performance
NYSE:LEE traded up $0.53 during trading hours on Friday, hitting $7.66. The company’s stock had a trading volume of 27,935 shares, compared to its average volume of 59,687. The stock has a fifty day simple moving average of $6.93 and a 200-day simple moving average of $8.04. The company has a market capitalization of $170.76 million, a P/E ratio of -1.05 and a beta of 0.45. The company has a debt-to-equity ratio of 69.34, a current ratio of 0.78 and a quick ratio of 0.72. Lee Enterprises, Incorporated has a twelve month low of $3.34 and a twelve month high of $11.88.
Institutional Investors Weigh In On Lee Enterprises
Hedge funds have recently made changes to their positions in the stock. Private Advisor Group LLC increased its stake in shares of Lee Enterprises by 119.3% in the third quarter. Private Advisor Group LLC now owns 741,300 shares of the company’s stock valued at $5,152,000 after buying an additional 403,300 shares during the period. BlackRock Inc. bought a new position in Lee Enterprises in the 2nd quarter valued at approximately $3,259,000. Cannell Capital LLC acquired a new stake in Lee Enterprises during the 2nd quarter worth approximately $3,085,367. State of Wyoming acquired a new stake in Lee Enterprises during the 3rd quarter worth approximately $287,000. Finally, Empowered Funds LLC acquired a new stake in Lee Enterprises during the 3rd quarter worth approximately $151,000. 39.20% of the stock is currently owned by institutional investors and hedge funds.
About Lee Enterprises
Lee Enterprises is a media company focused on local news and information. It publishes newspapers and operates digital news websites, providing coverage of community, regional and national events, along with advertising and marketing services for businesses. Founded in Iowa in 1890 and headquartered in Davenport, Lee serves communities across the United States. Its portfolio includes local and regional publications, including newspapers acquired from Berkshire Hathaway in 2020, and their associated digital platforms.
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