Lee Enterprises (NYSE:LEE) Director David Henry Hoffmann Acquires 6,925 Shares of Stock

Lee Enterprises, Incorporated (NYSE:LEE) Director David Henry Hoffmann acquired 6,925 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The stock was acquired at an average price of $10.86 per share, with a total value of $75,205.50. Following the acquisition, the director directly owned 11,517,242 shares of the company’s stock, valued at approximately $125,077,248.12. This represents a 0.06% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Thursday, June 4th, David Henry Hoffmann bought 18,200 shares of Lee Enterprises stock. The shares were acquired at an average price of $11.08 per share, for a total transaction of $201,656.00.
• On Tuesday, May 26th, David Henry Hoffmann purchased 13,700 shares of Lee Enterprises stock. The stock was acquired at an average cost of $9.99 per share, with a total value of $136,863.00.
• On Friday, May 22nd, David Henry Hoffmann purchased 10,600 shares of Lee Enterprises stock. The stock was acquired at an average price of $9.56 per share, with a total value of $101,336.00.
• On Wednesday, May 20th, David Henry Hoffmann acquired 10,600 shares of Lee Enterprises stock. The shares were bought at an average cost of $9.79 per share, for a total transaction of $103,774.00.
• On Monday, May 18th, David Henry Hoffmann acquired 10,600 shares of Lee Enterprises stock. The shares were bought at an average cost of $8.93 per share, for a total transaction of $94,658.00.
• On Thursday, May 14th, David Henry Hoffmann acquired 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 bought 7,400 shares of Lee Enterprises stock. The stock was bought at an average price of $7.99 per share, with a total value of $59,126.00.
• On Tuesday, May 12th, David Henry Hoffmann bought 8,100 shares of Lee Enterprises stock. The shares were bought at an average cost of $7.82 per share, with a total value of $63,342.00.
• On Friday, March 13th, David Henry Hoffmann purchased 27,800 shares of Lee Enterprises stock. The shares were 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 cost of $9.33 per share, for a total transaction of $259,374.00.

Lee Enterprises Stock Performance

Shares of LEE opened at $10.68 on Tuesday. The stock has a 50-day simple moving average of $8.92 and a 200-day simple moving average of $6.98. 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 stock has a market capitalization of $237.42 million, a PE ratio of -1.47 and a beta of 0.31. Lee Enterprises, Incorporated has a 1 year low of $3.34 and a 1 year high of $11.88.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Gamco Investors INC. ET AL increased its position in shares of Lee Enterprises by 23.8% in the 4th quarter. Gamco Investors INC. ET AL now owns 601,454 shares of the company’s stock valued at $2,881,000 after purchasing an additional 115,779 shares during the last quarter. Gabelli Funds LLC lifted its position in shares of Lee Enterprises by 9.5% during the 4th quarter. Gabelli Funds LLC now owns 226,800 shares of the company’s stock worth $1,086,000 after purchasing an additional 19,700 shares during the last quarter. Private Advisor Group LLC acquired a new position in shares of Lee Enterprises during the first quarter worth $430,000. Royal Bank of Canada grew its stake in shares of Lee Enterprises by 15,715.8% during the first quarter. Royal Bank of Canada now owns 29,101 shares of the company’s stock worth $302,000 after purchasing an additional 28,917 shares in the last quarter. Finally, DRW Securities LLC purchased a new position in Lee Enterprises in the fourth quarter valued at $99,000. 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.