Key Points
- Director David Henry Hoffmann bought 6,099 shares on Feb 13 at an average of $7.17 and another 10,600 shares on Feb 17 at $7.10, bringing his direct stake to 10,915,539 shares (a ~0.06% ownership increase); the trades were disclosed on an SEC Form 4.
- Lee Enterprises shares were trading around $7.20, the company shows a market cap of $45.09 million and a negative P/E (−0.99), with a 52-week range of $3.34–$11.69 and institutional ownership of about 39.2%.
Lee Enterprises, Incorporated (NYSE:LEE - Get Free Report) Director David Henry Hoffmann bought 6,099 shares of the business's stock in a transaction that occurred on Friday, February 13th. The shares were bought at an average price of $7.17 per share, with a total value of $43,729.83. Following the transaction, the director directly owned 10,915,539 shares in the company, valued at $78,264,414.63. This trade represents a 0.06% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
David Henry Hoffmann also recently made the following trade(s):
- 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, for a total transaction of $75,260.00.
Lee Enterprises Stock Performance
Lee Enterprises stock opened at $7.20 on Thursday. The firm has a market capitalization of $45.09 million, a P/E ratio of -0.99 and a beta of 0.55. The stock has a fifty day moving average price of $5.01 and a two-hundred day moving average price of $4.68. Lee Enterprises, Incorporated has a 52-week low of $3.34 and a 52-week high of $11.69. The company has a debt-to-equity ratio of 69.34, a current ratio of 0.78 and a quick ratio of 0.72.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of the company. Teton Advisors LLC grew its position in 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 acquiring an additional 2,000 shares during the last quarter. Gabelli Funds LLC boosted its stake 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 purchasing an additional 4,389 shares in the last quarter. Murphy Pohlad Asset Management LLC bought a new stake in shares of Lee Enterprises during the third quarter worth $66,000. Jane Street Group LLC acquired a new stake in shares of Lee Enterprises in the second quarter valued at $86,000. Finally, Wittenberg Investment Management Inc. increased its stake in shares of 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 buying an additional 14,262 shares in the last quarter. Institutional investors own 39.20% of the company's stock.
About Lee Enterprises
(
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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