Key Points
- David Henry Hoffmann purchased 15,200 shares of Lee Enterprises (NYSE:LEE) on Feb. 23 at an average price of $8.91 for $135,432, bringing his direct holdings to 10,973,139 shares valued at about $97.77 million (a 0.14% increase).
- Those trades are part of a string of insider buys since Feb. 13 totaling 42,499 shares for roughly $337,208, occurring while LEE shares trade around $8.35 (down 3.1%), with a market cap of $52.29M and a negative P/E of -1.15.
Lee Enterprises, Incorporated (NYSE:LEE - Get Free Report) Director David Henry Hoffmann bought 15,200 shares of the company's stock in a transaction that occurred on Monday, February 23rd. The shares were bought at an average cost of $8.91 per share, for a total transaction of $135,432.00. Following the transaction, the director directly owned 10,973,139 shares of the company's stock, valued at $97,770,668.49. This trade represents a 0.14% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
David Henry Hoffmann also recently made the following trade(s):
- On Thursday, February 19th, David Henry Hoffmann purchased 10,600 shares of Lee Enterprises stock. The stock was 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, for a total transaction of $75,260.00.
- On Friday, February 13th, David Henry Hoffmann acquired 6,099 shares of Lee Enterprises stock. The shares were bought at an average price of $7.17 per share, for a total transaction of $43,729.83.
Lee Enterprises Stock Down 3.1%
Shares of LEE opened at $8.35 on Tuesday. The company has a debt-to-equity ratio of 69.34, a quick ratio of 0.72 and a current ratio of 0.78. The company has a 50-day simple moving average of $5.29 and a 200-day simple moving average of $4.76. Lee Enterprises, Incorporated has a 52 week low of $3.34 and a 52 week high of $11.21. The firm has a market capitalization of $52.29 million, a P/E ratio of -1.15 and a beta of 0.55.
Institutional Trading of Lee Enterprises
A number of hedge funds have recently modified their holdings of the company. DRW Securities LLC bought a new stake in shares of Lee Enterprises during the fourth quarter valued at approximately $99,000. Gamco Investors INC. ET AL boosted its stake in Lee Enterprises by 23.8% during the fourth quarter. Gamco Investors INC. ET AL now owns 601,454 shares of the company's stock worth $2,881,000 after buying an additional 115,779 shares in the last quarter. Teton Advisors LLC boosted its stake in Lee Enterprises by 13.3% during the fourth quarter. Teton Advisors LLC now owns 17,000 shares of the company's stock worth $81,000 after buying an additional 2,000 shares in the last quarter. Gabelli Funds LLC increased its holdings in Lee Enterprises by 9.5% in the 4th quarter. Gabelli Funds LLC now owns 226,800 shares of the company's stock valued at $1,086,000 after buying an additional 19,700 shares during the period. Finally, Murphy Pohlad Asset Management LLC acquired a new position in shares of Lee Enterprises in the 3rd quarter valued at $66,000. Institutional investors own 39.20% of the company's stock.
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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