David Henry Hoffmann Acquires 15,200 Shares of Lee Enterprises (NYSE:LEE) Stock

Lee Enterprises, Incorporated (NYSE:LEE) Director David Henry Hoffmann acquired 15,200 shares of the business’s stock in a transaction dated Monday, February 23rd. The shares were bought at an average cost of $8.91 per share, for a total transaction of $135,432.00. Following the transaction, the director directly owned 10,973,139 shares of the company’s stock, valued at approximately $97,770,668.49. This trade represents a 0.14% increase in their position. The acquisition 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 19th, David Henry Hoffmann bought 10,600 shares of Lee Enterprises stock. The shares were bought at an average cost of $7.81 per share, with a total value 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 cost of $7.10 per share, for a total transaction of $75,260.00.
• On Friday, February 13th, David Henry Hoffmann purchased 6,099 shares of Lee Enterprises stock. The stock was purchased at an average price of $7.17 per share, with a total value of $43,729.83.

Lee Enterprises Stock Down 3.1%

Shares of Lee Enterprises stock traded down $0.27 during trading on Monday, hitting $8.35. 122,117 shares of the stock were exchanged, compared to its average volume of 57,212. The firm’s 50-day moving average price is $5.20 and its 200 day moving average price is $4.73. The stock has a market cap of $52.29 million, a price-to-earnings ratio of -1.15 and a beta of 0.55. Lee Enterprises, Incorporated has a 12-month low of $3.34 and a 12-month high of $11.21. The company has a debt-to-equity ratio of 69.34, a current ratio of 0.78 and a quick ratio of 0.72.

Institutional Trading of Lee Enterprises

Hedge funds and other institutional investors have recently made changes to their positions in the company. Murphy Pohlad Asset Management LLC purchased a new stake in shares of Lee Enterprises in the 3rd quarter valued at about $66,000. Teton Advisors LLC grew its stake in Lee Enterprises by 13.3% during the 4th quarter. Teton Advisors LLC now owns 17,000 shares of the company’s stock worth $81,000 after buying an additional 2,000 shares during the last quarter. Jane Street Group LLC purchased a new stake in Lee Enterprises in the second quarter valued at approximately $86,000. DRW Securities LLC acquired a new stake in shares of Lee Enterprises in the fourth quarter valued at approximately $99,000. Finally, Royal Bank of Canada boosted its holdings in shares of Lee Enterprises by 15,715.8% in the first quarter. Royal Bank of Canada now owns 29,101 shares of the company’s stock valued at $302,000 after acquiring 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.