Lee Enterprises (NYSE:LEE) Director Purchases $259,930.00 in Stock

Lee Enterprises, Incorporated (NYSE:LEEGet Free Report) Director David Henry Hoffmann purchased 27,800 shares of the stock in a transaction dated Friday, March 13th. The shares were purchased at an average price of $9.35 per share, for a total transaction of $259,930.00. Following the completion of the transaction, the director owned 11,266,449 shares in the company, valued at $105,341,298.15. This trade represents a 0.25% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Wednesday, March 11th, David Henry Hoffmann bought 27,800 shares of Lee Enterprises stock. The shares were purchased at an average cost of $9.33 per share, with a total value of $259,374.00.
  • On Wednesday, March 4th, David Henry Hoffmann bought 19,000 shares of Lee Enterprises stock. The shares were purchased at an average cost 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 acquired 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 acquired 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 stock was acquired at an average cost of $8.64 per share, for a total transaction 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 price of $8.91 per share, with a total value of $135,432.00.
  • On Thursday, February 19th, David Henry Hoffmann purchased 10,600 shares of Lee Enterprises stock. The stock was bought at an average price 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 shares were acquired at an average cost of $7.17 per share, for a total transaction of $43,729.83.

Lee Enterprises Stock Up 6.4%

Shares of LEE stock traded up $0.58 during trading on Friday, hitting $9.50. 142,015 shares of the company were exchanged, compared to its average volume of 79,173. The firm has a market capitalization of $211.17 million, a price-to-earnings ratio of -1.30 and a beta of 0.36. The company has a debt-to-equity ratio of 69.34, a quick ratio of 0.72 and a current ratio of 0.78. The business’s 50-day simple moving average is $6.61 and its 200 day simple moving average is $5.18. Lee Enterprises, Incorporated has a twelve month low of $3.34 and a twelve month high of $11.21.

Hedge Funds Weigh In On Lee Enterprises

Institutional investors have recently bought and sold shares of the stock. Wittenberg Investment Management Inc. boosted its stake in Lee Enterprises by 20.1% during the 2nd quarter. Wittenberg Investment Management Inc. now owns 85,043 shares of the company’s stock valued at $544,000 after purchasing an additional 14,262 shares during the period. DRW Securities LLC acquired a new position in shares of Lee Enterprises during the fourth quarter valued at about $99,000. Gamco Investors INC. ET AL grew its position in Lee Enterprises by 23.8% during the fourth quarter. Gamco Investors INC. ET AL now owns 601,454 shares of the company’s stock worth $2,881,000 after buying an additional 115,779 shares in the last quarter. Gabelli Funds LLC lifted its position in shares of Lee Enterprises by 9.5% in the 4th quarter. Gabelli Funds LLC now owns 226,800 shares of the company’s stock worth $1,086,000 after acquiring an additional 19,700 shares during the period. Finally, Jane Street Group LLC bought a new position in Lee Enterprises in the second quarter worth $86,000. 39.20% of the stock is currently owned by institutional investors.

About Lee Enterprises

(Get Free Report)

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.

Recommended Stories

Insider Buying and Selling by Quarter for Lee Enterprises (NYSE:LEE)

Receive News & Ratings for Lee Enterprises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lee Enterprises and related companies with MarketBeat.com's FREE daily email newsletter.