Key Points
- Digital Ltd Quint bought 20,454 shares of Lee Enterprises on March 2 at an average price of $8.87, raising its holdings to 3,234,800 shares (≈$28.7M), a 0.64% increase disclosed in an SEC filing.
- The same investor previously purchased a much larger block of 2,451,346 shares on February 5 at $3.25 per share (≈$7.97M), signaling continued accumulation.
- Lee Enterprises (NYSE:LEE) is trading down about 4.9% (opened $8.94), has a market cap of ≈$199M, a negative P/E (-1.23), high debt-to-equity (~69.34), a 12‑month range of $3.34–$11.21, and ~39.2% institutional ownership, which underscores its volatility and leverage risk.
Lee Enterprises, Incorporated (NYSE:LEE - Get Free Report) Director David Henry Hoffmann acquired 19,000 shares of Lee Enterprises stock in a transaction that occurred on Monday, March 2nd. The stock was bought at an average cost of $8.85 per share, with a total value of $168,150.00. Following the acquisition, the director directly owned 11,051,449 shares of the company's stock, valued at approximately $97,805,323.65. This trade represents a 0.17% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
David Henry Hoffmann also recently made the following trade(s):
- On Thursday, February 26th, David Henry Hoffmann bought 15,200 shares of Lee Enterprises stock. The shares were bought at an average cost of $9.03 per share, for a total transaction of $137,256.00.
- On Wednesday, February 25th, David Henry Hoffmann purchased 13,710 shares of Lee Enterprises stock. The shares were bought at an average price of $8.64 per share, for a total transaction 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 cost of $8.91 per share, with a total value of $135,432.00.
- On Thursday, February 19th, David Henry Hoffmann acquired 10,600 shares of Lee Enterprises stock. The stock was bought at an average price of $7.81 per share, with a total value of $82,786.00.
- On Tuesday, February 17th, David Henry Hoffmann acquired 10,600 shares of Lee Enterprises stock. The shares were 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 bought 6,099 shares of Lee Enterprises stock. The stock was purchased at an average price of $7.17 per share, with a total value of $43,729.83.
Lee Enterprises Stock Down 4.9%
LEE opened at $8.94 on Wednesday. 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 market capitalization of $198.83 million, a PE ratio of -1.23 and a beta of 0.55. The stock's fifty day moving average is $5.92 and its 200-day moving average is $4.95. Lee Enterprises, Incorporated has a one year low of $3.34 and a one year high of $11.21.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the stock. Wittenberg Investment Management Inc. lifted its position in shares of Lee Enterprises by 20.1% during the 2nd quarter. Wittenberg Investment Management Inc. now owns 85,043 shares of the company's stock valued at $544,000 after acquiring an additional 14,262 shares during the last quarter. Gamco Investors INC. ET AL lifted its holdings in shares of Lee Enterprises by 4.9% during the second quarter. Gamco Investors INC. ET AL now owns 493,816 shares of the company's stock valued at $3,160,000 after purchasing an additional 23,269 shares during the last quarter. Gabelli Funds LLC boosted its position in shares of Lee Enterprises by 2.3% in the 3rd quarter. Gabelli Funds LLC now owns 207,100 shares of the company's stock valued at $1,127,000 after purchasing an additional 4,618 shares during the period. Teton Advisors LLC acquired a new position in shares of Lee Enterprises in the 3rd quarter valued at $82,000. Finally, Royal Bank of Canada increased its stake 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 purchasing an additional 28,917 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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