Key Points
- Digital Ltd Quint purchased 10,000 shares of Lee Enterprises on March 3 at an average price of $9.13, raising its holding to 3,244,800 shares (a 0.31% increase) as disclosed in an SEC filing.
- The buy continues active accumulation by the same holder, which also bought 20,454 shares on March 2 at $8.87 and a large block of 2,451,346 shares on February 5 at $3.25.
- Lee Enterprises recently traded at $9.32, has a 12‑month range of $3.34–$11.21 and a market cap of roughly $207 million, with institutional investors owning about 39.2% of the stock.
Lee Enterprises, Incorporated (NYSE:LEE - Get Free Report) major shareholder Digital Ltd Quint purchased 10,000 shares of the firm's stock in a transaction on Tuesday, March 3rd. The shares were purchased at an average cost of $9.13 per share, with a total value of $91,300.00. Following the completion of the purchase, the insider owned 3,244,800 shares in the company, valued at $29,625,024. This represents a 0.31% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company's shares are required to disclose their sales and purchases with the SEC.
Digital Ltd Quint also recently made the following trade(s):
- On Monday, March 2nd, Digital Ltd Quint acquired 20,454 shares of Lee Enterprises stock. The stock was purchased at an average cost of $8.87 per share, for a total transaction of $181,426.98.
- On Thursday, February 5th, Digital Ltd Quint bought 2,451,346 shares of Lee Enterprises stock. The shares were purchased at an average cost of $3.25 per share, with a total value of $7,966,874.50.
Lee Enterprises Price Performance
NYSE LEE traded up $0.30 on Friday, reaching $9.32. The company's stock had a trading volume of 75,538 shares, compared to its average volume of 69,825. Lee Enterprises, Incorporated has a twelve month low of $3.34 and a twelve month high of $11.21. 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 firm's 50 day moving average is $6.14 and its two-hundred day moving average is $5.01. The stock has a market cap of $207.28 million, a PE ratio of -1.28 and a beta of 0.37.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the stock. Murphy Pohlad Asset Management LLC acquired a new position in shares of Lee Enterprises in the 3rd quarter worth $66,000. Teton Advisors LLC boosted its position 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 valued at $81,000 after purchasing an additional 2,000 shares during the period. Jane Street Group LLC acquired a new stake in Lee Enterprises during the 2nd quarter worth about $86,000. DRW Securities LLC purchased a new stake in Lee Enterprises during the fourth quarter valued at about $99,000. Finally, Royal Bank of Canada lifted its stake in Lee Enterprises by 15,715.8% during the first quarter. Royal Bank of Canada now owns 29,101 shares of the company's stock valued at $302,000 after buying an additional 28,917 shares in the last quarter. 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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