Lee Enterprises (NYSE:LEE) Director Buys $75,260.00 in Stock

Lee Enterprises, Incorporated (NYSE:LEE) Director David Henry Hoffmann purchased 10,600 shares of the stock in a transaction that occurred on Tuesday, February 17th. The stock was acquired at an average cost of $7.10 per share, with a total value of $75,260.00. Following the completion of the acquisition, the director directly owned 10,926,139 shares of the company’s stock, valued at $77,575,586.90. This represents a 0.10% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Friday, February 13th, David Henry Hoffmann acquired 6,099 shares of Lee Enterprises stock. The shares were bought at an average cost of $7.17 per share, for a total transaction of $43,729.83.

Lee Enterprises Stock Down 2.6%

Shares of NYSE:LEE opened at $8.62 on Friday. The firm has a 50 day simple moving average of $5.20 and a 200-day simple moving average of $4.73. Lee Enterprises, Incorporated has a twelve month low of $3.34 and a twelve month high of $11.27. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 69.34. The company has a market capitalization of $53.98 million, a PE ratio of -1.18 and a beta of 0.55.

Institutional Trading of Lee Enterprises

Several institutional investors and hedge funds have recently made changes to their positions in the company. Gamco Investors INC. ET AL boosted 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 period. Royal Bank of Canada lifted its stake in 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 buying an additional 28,917 shares during the last quarter. DRW Securities LLC purchased a new stake in Lee Enterprises in the fourth quarter valued at approximately $99,000. Gabelli Funds LLC boosted its holdings in shares of Lee Enterprises by 9.5% in the fourth quarter. Gabelli Funds LLC now owns 226,800 shares of the company’s stock valued at $1,086,000 after acquiring an additional 19,700 shares during the period. Finally, Teton Advisors LLC purchased a new position in shares of Lee Enterprises during the third quarter worth approximately $82,000. 39.20% of the stock is owned by hedge funds and other institutional investors.

About Lee Enterprises

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.