Lee Enterprises (NYSE:LEE) Director David Henry Hoffmann Buys 19,000 Shares

Lee Enterprises, Incorporated (NYSE:LEEGet Free Report) Director David Henry Hoffmann bought 19,000 shares of Lee Enterprises stock in a transaction that occurred on Wednesday, March 4th. The shares were acquired at an average price of $9.16 per share, with a total value of $174,040.00. Following the completion of the acquisition, the director directly owned 11,089,449 shares of the company’s stock, valued at $101,579,352.84. This represents a 0.17% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

  • On Monday, March 2nd, David Henry Hoffmann purchased 19,000 shares of Lee Enterprises stock. The stock was bought at an average cost of $8.85 per share, for a total transaction of $168,150.00.
  • On Thursday, February 26th, David Henry Hoffmann acquired 15,200 shares of Lee Enterprises stock. The shares were bought at an average cost of $9.03 per share, with a total value of $137,256.00.
  • On Wednesday, February 25th, David Henry Hoffmann bought 13,710 shares of Lee Enterprises stock. The stock was bought at an average price of $8.64 per share, for a total transaction of $118,454.40.
  • On Monday, February 23rd, David Henry Hoffmann bought 15,200 shares of Lee Enterprises stock. The shares were bought at an average cost of $8.91 per share, for a total transaction of $135,432.00.
  • 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 price of $7.10 per share, with a total value of $75,260.00.
  • On Friday, February 13th, David Henry Hoffmann purchased 6,099 shares of Lee Enterprises stock. The stock was bought at an average cost of $7.17 per share, for a total transaction of $43,729.83.

Lee Enterprises Trading Up 3.5%

NYSE LEE traded up $0.32 on Friday, hitting $9.34. 219,948 shares of the company were exchanged, compared to its average volume of 72,953. The company has a debt-to-equity ratio of 69.34, a current ratio of 0.78 and a quick ratio of 0.72. Lee Enterprises, Incorporated has a twelve month low of $3.34 and a twelve month high of $11.21. The firm has a market capitalization of $207.72 million, a P/E ratio of -1.28 and a beta of 0.37. The company’s 50 day moving average price is $6.14 and its 200-day moving average price is $5.01.

Institutional Trading of Lee Enterprises

Large investors have recently added to or reduced their stakes in the company. Teton Advisors LLC raised its stake in shares of 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 purchasing an additional 2,000 shares in the last quarter. Gabelli Funds LLC increased its holdings in Lee Enterprises by 2.2% in the second quarter. Gabelli Funds LLC now owns 202,482 shares of the company’s stock worth $1,296,000 after buying an additional 4,389 shares during the last quarter. Murphy Pohlad Asset Management LLC acquired a new position in Lee Enterprises in the third quarter worth approximately $66,000. Jane Street Group LLC bought a new position in Lee Enterprises during the second quarter valued at approximately $86,000. Finally, Wittenberg Investment Management Inc. lifted its stake in Lee Enterprises by 20.1% in the second quarter. Wittenberg Investment Management Inc. now owns 85,043 shares of the company’s stock valued at $544,000 after acquiring an additional 14,262 shares during the last quarter. 39.20% of the stock is owned by institutional investors and hedge funds.

Lee Enterprises Company Profile

(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.

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