StockNews.com Begins Coverage on Lee Enterprises (NYSE:LEE)

StockNews.com initiated coverage on shares of Lee Enterprises (NYSE:LEE) in a research note released on Saturday morning. The firm issued a buy rating on the stock.

Lee Enterprises Stock Down 0.1 %

LEE opened at $8.70 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.87 and a debt-to-equity ratio of 69.34. Lee Enterprises has a 1-year low of $7.56 and a 1-year high of $15.89. The company has a market capitalization of $53.44 million, a PE ratio of -4.33 and a beta of 1.22. The firm’s 50 day simple moving average is $8.85 and its two-hundred day simple moving average is $11.08.

Lee Enterprises (NYSE:LEE) last released its quarterly earnings results on Thursday, August 1st. The company reported ($0.73) earnings per share for the quarter, missing the consensus estimate of $0.68 by ($1.41). Lee Enterprises had a negative return on equity of 112.98% and a negative net margin of 2.88%. The business had revenue of $150.58 million during the quarter, compared to the consensus estimate of $165.48 million. During the same quarter in the previous year, the business posted $0.25 earnings per share. As a group, equities analysts forecast that Lee Enterprises will post -2.02 EPS for the current year.

Institutional Trading of Lee Enterprises

Several institutional investors and hedge funds have recently modified their holdings of the company. Wittenberg Investment Management Inc. raised its position in shares of Lee Enterprises by 8.2% during the 4th quarter. Wittenberg Investment Management Inc. now owns 122,195 shares of the company’s stock valued at $962,000 after purchasing an additional 9,215 shares during the period. Gabelli Funds LLC raised its position in shares of Lee Enterprises by 25.0% during the 4th quarter. Gabelli Funds LLC now owns 57,500 shares of the company’s stock valued at $453,000 after purchasing an additional 11,500 shares during the period. Corsair Capital Management L.P. bought a new stake in shares of Lee Enterprises during the 4th quarter valued at $128,000. Finally, Gamco Investors INC. ET AL raised its position in shares of Lee Enterprises by 94.8% during the 1st quarter. Gamco Investors INC. ET AL now owns 149,150 shares of the company’s stock valued at $1,988,000 after purchasing an additional 72,600 shares during the period. 39.20% of the stock is currently owned by institutional investors.

About Lee Enterprises

Lee Enterprises, Incorporated provides local news and information, and advertising services in the United States. The company offers digital subscription platforms; daily, weekly, and monthly newspapers and niche publications; and web hosting and content management services. It also provides advertising and marketing services, such as audience extension, search engine optimization, search engine marketing, web and mobile production, social media services, and reputation monitoring and management.