Key Points
- Lee Enterprises director David Henry Hoffmann bought 7,400 shares on May 13 at an average price of $7.99, worth about $59,126. His direct ownership increased to 11.28 million shares.
- Hoffmann has been actively buying the stock in recent months, including purchases on May 12, March 13, March 11, March 4, March 2, February 26, February 25, February 23, February 19, and February 17.
- Lee Enterprises shares were trading around $7.85 Friday, below the 50-day moving average of $8.50 but above the 200-day moving average of $6.30. The company has a market cap of about $174.6 million and a highly leveraged balance sheet.
Lee Enterprises, Incorporated (NYSE:LEE - Get Free Report) Director David Henry Hoffmann purchased 7,400 shares of the business's stock in a transaction dated Wednesday, May 13th. The shares were purchased at an average cost of $7.99 per share, with a total value of $59,126.00. Following the purchase, the director directly owned 11,281,949 shares in the company, valued at approximately $90,142,772.51. The trade was a 0.07% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
David Henry Hoffmann also recently made the following trade(s):
- On Tuesday, May 12th, David Henry Hoffmann acquired 8,100 shares of Lee Enterprises stock. The stock was acquired at an average price of $7.82 per share, for a total transaction of $63,342.00.
- On Friday, March 13th, David Henry Hoffmann acquired 27,800 shares of Lee Enterprises stock. The stock was acquired at an average cost of $9.35 per share, for a total transaction of $259,930.00.
- On Wednesday, March 11th, David Henry Hoffmann bought 27,800 shares of Lee Enterprises stock. The shares were acquired at an average price of $9.33 per share, with a total value of $259,374.00.
- On Wednesday, March 4th, David Henry Hoffmann bought 19,000 shares of Lee Enterprises stock. The shares were acquired at an average price of $9.16 per share, with a total value of $174,040.00.
- On Monday, March 2nd, David Henry Hoffmann purchased 19,000 shares of Lee Enterprises stock. The stock was acquired at an average cost of $8.85 per share, for a total transaction of $168,150.00.
- On Thursday, February 26th, David Henry Hoffmann purchased 15,200 shares of Lee Enterprises stock. The stock was acquired 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 stock was acquired at an average price of $8.64 per share, for a total transaction of $118,454.40.
- On Monday, February 23rd, David Henry Hoffmann acquired 15,200 shares of Lee Enterprises stock. The shares were acquired 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 shares were 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, with a total value of $75,260.00.
Lee Enterprises Price Performance
LEE stock opened at $7.85 on Friday. The stock's 50 day moving average price is $8.50 and its 200 day moving average price is $6.30. The firm has a market cap of $174.58 million, a P/E ratio of -1.08 and a beta of 0.20. The company has a debt-to-equity ratio of 69.34, a quick ratio of 0.72 and a current ratio of 0.78. Lee Enterprises, Incorporated has a 1 year low of $3.34 and a 1 year high of $9.97.
Institutional Trading of Lee Enterprises
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Gabelli Funds LLC boosted its stake in shares of Lee Enterprises by 2.3% during the third quarter. Gabelli Funds LLC now owns 207,100 shares of the company's stock valued at $1,127,000 after acquiring an additional 4,618 shares during the last quarter. Private Advisor Group LLC acquired a new position in Lee Enterprises in the 1st quarter valued at about $430,000. Royal Bank of Canada lifted its holdings 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 valued at $302,000 after purchasing an additional 28,917 shares in the last quarter. DRW Securities LLC purchased a new position in Lee Enterprises in the 4th quarter valued at about $99,000. Finally, Jane Street Group LLC acquired a new stake in shares of Lee Enterprises during the 2nd quarter worth about $86,000. 39.20% of the stock is currently owned by hedge funds and other 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.
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