David Henry Hoffmann Buys 10,600 Shares of Lee Enterprises (NYSE:LEE) Stock

Lee Enterprises, Incorporated (NYSE:LEE) Director David Henry Hoffmann acquired 10,600 shares of the business’s stock in a transaction on Friday, May 22nd. The stock was purchased at an average cost of $9.56 per share, with a total value of $101,336.00. Following the acquisition, the director directly owned 11,351,149 shares of the company’s stock, valued at $108,516,984.44. This represents a 0.09% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Tuesday, May 26th, David Henry Hoffmann acquired 13,700 shares of Lee Enterprises stock. The stock was purchased at an average cost of $9.99 per share, with a total value of $136,863.00.
• On Wednesday, May 20th, David Henry Hoffmann acquired 10,600 shares of Lee Enterprises stock. The stock was purchased at an average cost of $9.79 per share, with a total value of $103,774.00.
• On Monday, May 18th, David Henry Hoffmann bought 10,600 shares of Lee Enterprises stock. The shares were bought at an average cost of $8.93 per share, with a total value of $94,658.00.
• On Thursday, May 14th, David Henry Hoffmann purchased 8,100 shares of Lee Enterprises stock. The shares were purchased at an average price of $7.78 per share, with a total value of $63,018.00.
• On Wednesday, May 13th, David Henry Hoffmann purchased 7,400 shares of Lee Enterprises stock. The shares were purchased at an average price of $7.99 per share, with a total value 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 shares were acquired 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 stock was purchased at an average price 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 stock was purchased at an average price of $8.85 per share, for a total transaction of $168,150.00.

Lee Enterprises Stock Performance

Shares of LEE stock opened at $11.76 on Friday. The firm’s 50 day moving average price is $8.59 and its 200-day moving average price is $6.67. The company has a debt-to-equity ratio of 69.34, a quick ratio of 0.72 and a current ratio of 0.78. Lee Enterprises, Incorporated has a one year low of $3.34 and a one year high of $11.77. The firm has a market cap of $261.42 million, a P/E ratio of -1.62 and a beta of 0.20.

Institutional Investors Weigh In On Lee Enterprises

A number of large investors have recently modified their holdings of the company. Private Advisor Group LLC purchased a new stake in shares of Lee Enterprises in the 1st quarter valued at approximately $430,000. DRW Securities LLC acquired a new stake in Lee Enterprises during the 4th quarter worth $99,000. Gamco Investors INC. ET AL boosted its stake in Lee Enterprises by 23.8% during the 4th quarter. Gamco Investors INC. ET AL now owns 601,454 shares of the company’s stock worth $2,881,000 after purchasing an additional 115,779 shares during the period. Teton Advisors LLC lifted its stake in shares of Lee Enterprises by 13.3% in the 4th quarter. Teton Advisors LLC now owns 17,000 shares of the company’s stock worth $81,000 after acquiring an additional 2,000 shares during the period. Finally, Gabelli Funds LLC lifted its stake 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. 39.20% of the stock is owned by hedge funds and other institutional investors.

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.