Key Points
- Director Brent Magid sold 26,804 shares on March 6 at an average of $9.08 for about $243,380, reducing his holding by 75.37% to 8,760 shares.
- Lee Enterprises (LEE) trades around $8.78 with a 12‑month range of $3.34–$11.21, a market cap of roughly $195.3 million, and a negative P/E (-1.21), indicating continued losses.
- Institutional activity includes Royal Bank of Canada boosting its stake to 29,101 shares (about $302,000), and institutions now own about 39.20% of the company.
Lee Enterprises, Incorporated (NYSE:LEE - Get Free Report) Director Brent Magid sold 26,804 shares of the business's stock in a transaction on Friday, March 6th. The shares were sold at an average price of $9.08, for a total value of $243,380.32. Following the transaction, the director owned 8,760 shares of the company's stock, valued at approximately $79,540.80. The trade was a 75.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Lee Enterprises Stock Performance
LEE stock opened at $8.78 on Wednesday. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 69.34. The business's fifty day simple moving average is $6.44 and its two-hundred day simple moving average is $5.12. Lee Enterprises, Incorporated has a twelve month low of $3.34 and a twelve month high of $11.21. The firm has a market cap of $195.27 million, a price-to-earnings ratio of -1.21 and a beta of 0.36.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in LEE. Murphy Pohlad Asset Management LLC bought a new stake in Lee Enterprises during the 3rd quarter valued at about $66,000. Jane Street Group LLC bought a new position in Lee Enterprises in the 2nd quarter worth about $86,000. Teton Advisors LLC purchased a new position in shares of Lee Enterprises during the third quarter worth approximately $82,000. DRW Securities LLC purchased a new position in shares of Lee Enterprises during the fourth quarter worth approximately $99,000. Finally, Royal Bank of Canada raised its stake in shares of 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 acquiring an additional 28,917 shares in the last quarter. Hedge funds and other 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.
Further Reading
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