Key Points
- Director David Henry Hoffmann purchased 19,000 shares on March 4 at an average of $9.16 (~$174,040), part of a string of Feb–Mar purchases that brought his total to 11,089,449 shares (≈$101.6M) and increased his stake by 0.17%.
- LEE stock traded up 7.3% to $9.68 on heavy volume (~233,027 shares vs. avg. 73,419), with a market cap of $215.3M, a 52‑week range of $3.34–$11.21, and a negative trailing P/E (-1.33).
- Several institutional investors (including Wittenberg, Gamco and Gabelli) recently increased positions, and institutions now own about 39.2% of the company.
Lee Enterprises, Incorporated (NYSE:LEE - Get Free Report) Director David Henry Hoffmann purchased 19,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 4th. The stock was purchased at an average price of $9.16 per share, for a total transaction of $174,040.00. Following the acquisition, the director owned 11,089,449 shares of the company's stock, valued at $101,579,352.84. The trade was a 0.17% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
David Henry Hoffmann also recently made the following trade(s):
- On Monday, March 2nd, David Henry Hoffmann acquired 19,000 shares of Lee Enterprises stock. The shares were purchased at an average cost of $8.85 per share, with a total value of $168,150.00.
- On Thursday, February 26th, David Henry Hoffmann bought 15,200 shares of Lee Enterprises stock. The shares were acquired at an average price of $9.03 per share, for a total transaction of $137,256.00.
- On Wednesday, February 25th, David Henry Hoffmann bought 13,710 shares of Lee Enterprises stock. The stock was acquired at an average cost 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 shares were acquired at an average price of $8.91 per share, with a total value of $135,432.00.
- On Thursday, February 19th, David Henry Hoffmann purchased 10,600 shares of Lee Enterprises stock. The shares were acquired at an average price 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 shares were acquired at an average cost of $7.10 per share, with a total value of $75,260.00.
- On Friday, February 13th, David Henry Hoffmann acquired 6,099 shares of Lee Enterprises stock. The stock was acquired at an average price of $7.17 per share, for a total transaction of $43,729.83.
Lee Enterprises Trading Up 7.3%
LEE stock traded up $0.66 during midday trading on Friday, reaching $9.68. The company's stock had a trading volume of 233,027 shares, compared to its average volume of 73,419. The business's 50-day simple moving average is $6.26 and its 200-day simple moving average is $5.05. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 69.34. Lee Enterprises, Incorporated has a 52 week low of $3.34 and a 52 week high of $11.21. The stock has a market cap of $215.28 million, a PE ratio of -1.33 and a beta of 0.37.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Wittenberg Investment Management Inc. increased its holdings in 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 purchasing an additional 14,262 shares during the last quarter. DRW Securities LLC acquired a new position in Lee Enterprises in the fourth quarter valued at about $99,000. Gamco Investors INC. ET AL boosted its holdings 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 during the last quarter. Gabelli Funds LLC boosted its holdings in Lee Enterprises by 9.5% during the fourth quarter. Gabelli Funds LLC now owns 226,800 shares of the company's stock worth $1,086,000 after buying an additional 19,700 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of Lee Enterprises during the 2nd quarter worth about $86,000. 39.20% of the stock is currently owned by institutional investors.
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.
Further Reading
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