Lee Enterprises, Incorporated (NYSE:LEE - Get Free Report) Director Steven C. Fletcher bought 1,000 shares of the company's stock in a transaction that occurred on Tuesday, May 7th. The stock was purchased at an average price of $12.37 per share, for a total transaction of $12,370.00. Following the transaction, the director now owns 6,000 shares of the company's stock, valued at $74,220. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Lee Enterprises Stock Up 0.7 %
LEE stock opened at $12.44 on Thursday. The firm's fifty day moving average is $12.30 and its 200 day moving average is $10.45. The firm has a market cap of $76.42 million, a PE ratio of -6.14 and a beta of 1.22. Lee Enterprises, Incorporated has a one year low of $7.56 and a one year high of $15.89. The company has a debt-to-equity ratio of 20.47, a quick ratio of 0.87 and a current ratio of 0.94.
Institutional Investors Weigh In On Lee Enterprises
A number of institutional investors have recently modified their holdings of the business. Corsair Capital Management L.P. purchased a new stake in Lee Enterprises in the 4th quarter worth $128,000. Wittenberg Investment Management Inc. grew its position in shares of Lee Enterprises by 8.2% in the fourth quarter. Wittenberg Investment Management Inc. now owns 122,195 shares of the company's stock valued at $962,000 after purchasing an additional 9,215 shares during the period. Gabelli Funds LLC increased its stake in shares of Lee Enterprises by 25.0% during the fourth quarter. Gabelli Funds LLC now owns 57,500 shares of the company's stock worth $453,000 after purchasing an additional 11,500 shares in the last quarter. Gamco Investors INC. ET AL lifted its stake in Lee Enterprises by 17.8% in the 3rd quarter. Gamco Investors INC. ET AL now owns 73,950 shares of the company's stock valued at $792,000 after buying an additional 11,200 shares in the last quarter. Finally, Teton Advisors Inc. boosted its holdings in Lee Enterprises by 27.7% in the 3rd quarter. Teton Advisors Inc. now owns 30,000 shares of the company's stock worth $321,000 after buying an additional 6,500 shares during the last quarter. 39.20% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Shocking $16T Elon Musk Crypto Leak
From Crypto 101 Media | Ad
There’s all kinds of “signals” to follow when investing in cryptos.
But there’s one signal you should pay attention to above all others: Venture capital firms.
You want to follow venture capital money into cryptocurrencies before anyone gets word of what’s happening.
Click here for all the details…
Separately, StockNews.com upgraded Lee Enterprises from a "hold" rating to a "buy" rating in a research report on Friday, May 3rd.
Read Our Latest Research Report on Lee Enterprises
About Lee Enterprises
(
Get Free Report)
Lee Enterprises, Incorporated provides local news and information, and advertising services in the United States. The company offers digital subscription platforms; daily, weekly, and monthly newspapers and niche publications; and web hosting and content management services. It also provides advertising and marketing services, such as audience extension, search engine optimization, search engine marketing, web and mobile production, social media services, and reputation monitoring and management.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
