David Henry Hoffmann Acquires 8,100 Shares of Lee Enterprises (NYSE:LEE) Stock

Lee Enterprises, Incorporated (NYSE:LEE) Director David Henry Hoffmann bought 8,100 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The shares were acquired at an average price of $7.78 per share, with a total value of $63,018.00. Following the completion of the transaction, the director directly owned 11,290,049 shares of the company’s stock, valued at $87,836,581.22. This trade represents a 0.07% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, May 18th, David Henry Hoffmann purchased 10,600 shares of Lee Enterprises stock. The stock was acquired at an average price of $8.93 per share, for a total transaction of $94,658.00.
• On Wednesday, May 13th, David Henry Hoffmann purchased 7,400 shares of Lee Enterprises stock. The shares were acquired at an average price of $7.99 per share, for a total transaction of $59,126.00.
• On Tuesday, May 12th, David Henry Hoffmann acquired 8,100 shares of Lee Enterprises stock. The shares were acquired at an average cost of $7.82 per share, with a total value of $63,342.00.
• On Friday, March 13th, David Henry Hoffmann acquired 27,800 shares of Lee Enterprises stock. The shares were acquired at an average cost of $9.35 per share, with a total value of $259,930.00.
• On Wednesday, March 11th, David Henry Hoffmann acquired 27,800 shares of Lee Enterprises stock. The stock was bought at an average price 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 stock was bought at an average cost of $9.16 per share, for a total transaction of $174,040.00.
• On Monday, March 2nd, David Henry Hoffmann bought 19,000 shares of Lee Enterprises stock. The shares were bought 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 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 purchased 13,710 shares of Lee Enterprises stock. The stock was bought at an average price of $8.64 per share, with a total value of $118,454.40.
• On Monday, February 23rd, David Henry Hoffmann purchased 15,200 shares of Lee Enterprises stock. The stock was bought at an average price of $8.91 per share, with a total value of $135,432.00.

Lee Enterprises Stock Up 1.4%

NYSE LEE opened at $8.85 on Wednesday. Lee Enterprises, Incorporated has a 52 week low of $3.34 and a 52 week high of $9.97. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 69.34. The company has a market capitalization of $196.74 million, a P/E ratio of -1.22 and a beta of 0.20. The stock’s 50-day moving average price is $8.47 and its 200-day moving average price is $6.39.

Hedge Funds Weigh In On Lee Enterprises

Large investors have recently added to or reduced their stakes in the company. Murphy Pohlad Asset Management LLC bought a new position in shares of Lee Enterprises in the third quarter worth approximately $66,000. Jane Street Group LLC purchased a new stake in shares of Lee Enterprises in the second quarter worth $86,000. Teton Advisors LLC bought a new stake in shares of Lee Enterprises during the 3rd quarter valued at $82,000. DRW Securities LLC purchased a new position in shares of Lee Enterprises during the 4th quarter valued at $99,000. Finally, Royal Bank of Canada boosted its holdings in Lee Enterprises by 15,715.8% in the 1st quarter. Royal Bank of Canada now owns 29,101 shares of the company’s stock worth $302,000 after buying an additional 28,917 shares during the period. Hedge funds and other institutional investors 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.