Key Points
- Director David Henry Hoffmann bought 27,800 shares at an average price of $9.33, raising his holdings to 11,210,849 shares valued at roughly $104.6 million (a 0.25% increase).
- He accumulated about 137,200 shares across February–March at prices between $7.10 and $9.35, spending roughly $1.2 million, indicating sustained insider buying.
- LEE shares were trading up 5.6% near $9.42; the company has a market cap of about $209.5 million, a negative P/E and high leverage (debt-to-equity 69.34), suggesting elevated financial risk despite the insider purchases.
Lee Enterprises, Incorporated (NYSE:LEE - Get Free Report) Director David Henry Hoffmann acquired 27,800 shares of Lee Enterprises stock in a transaction dated Wednesday, March 11th. The stock was bought at an average price of $9.33 per share, for a total transaction of $259,374.00. Following the completion of the purchase, the director owned 11,210,849 shares of the company's stock, valued at approximately $104,597,221.17. This represents a 0.25% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.
David Henry Hoffmann also recently made the following trade(s):
- On Friday, March 13th, David Henry Hoffmann purchased 27,800 shares of Lee Enterprises stock. The shares were bought at an average price of $9.35 per share, for a total transaction of $259,930.00.
- On Wednesday, March 4th, David Henry Hoffmann purchased 19,000 shares of Lee Enterprises stock. The shares were bought at an average price of $9.16 per share, for a total transaction of $174,040.00.
- On Monday, March 2nd, David Henry Hoffmann purchased 19,000 shares of Lee Enterprises stock. The stock was bought at an average cost of $8.85 per share, for a total transaction of $168,150.00.
- On Thursday, February 26th, David Henry Hoffmann acquired 15,200 shares of Lee Enterprises stock. The stock was bought at an average price of $9.03 per share, with a total value of $137,256.00.
- On Wednesday, February 25th, David Henry Hoffmann acquired 13,710 shares of Lee Enterprises stock. The shares were bought at an average cost of $8.64 per share, with a total value of $118,454.40.
- On Monday, February 23rd, David Henry Hoffmann bought 15,200 shares of Lee Enterprises stock. The shares were purchased at an average price of $8.91 per share, for a total transaction of $135,432.00.
- On Thursday, February 19th, David Henry Hoffmann bought 10,600 shares of Lee Enterprises stock. The stock was purchased at an average cost of $7.81 per share, for a total transaction of $82,786.00.
- On Tuesday, February 17th, David Henry Hoffmann purchased 10,600 shares of Lee Enterprises stock. The stock was purchased at an average price of $7.10 per share, with a total value of $75,260.00.
- On Friday, February 13th, David Henry Hoffmann purchased 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 Trading Up 5.6%
NYSE LEE opened at $9.42 on Friday. Lee Enterprises, Incorporated has a 52 week low of $3.34 and a 52 week high of $11.21. The firm has a 50 day moving average of $6.71 and a two-hundred day moving average of $5.21. 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 stock has a market capitalization of $209.50 million, a PE ratio of -1.29 and a beta of 0.37.
Hedge Funds Weigh In On Lee Enterprises
Several large investors have recently bought and sold shares of LEE. DRW Securities LLC purchased a new stake in Lee Enterprises during the 4th quarter worth about $99,000. Gamco Investors INC. ET AL raised its position in shares of Lee Enterprises by 23.8% during the 4th quarter. Gamco Investors INC. ET AL now owns 601,454 shares of the company's stock worth $2,881,000 after acquiring an additional 115,779 shares in the last quarter. Teton Advisors LLC lifted 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 purchasing an additional 2,000 shares during the last quarter. Gabelli Funds LLC lifted its stake 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 purchasing an additional 19,700 shares during the last quarter. Finally, Murphy Pohlad Asset Management LLC acquired a new position in Lee Enterprises in the third quarter valued at approximately $66,000. 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.
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