Key Points
- Lee Enterprises director David Henry Hoffmann bought 8,100 shares on May 14 at an average price of $7.78, a transaction worth about $63,018. This added a modest 0.07% to his ownership stake.
- Hoffmann has been aggressively buying shares recently, with multiple additional purchases in May and earlier months, including another 10,600 shares on May 18. The repeated buying suggests continued insider confidence in the company.
- Lee Enterprises shares were trading around $8.73, near the upper end of their 52-week range of $3.34 to $9.97. The company has a small market cap of about $194 million and a highly leveraged balance sheet, with a debt-to-equity ratio of 69.34.
Lee Enterprises, Incorporated (NYSE:LEE - Get Free Report) Director David Henry Hoffmann bought 8,100 shares of the business's stock in a transaction that occurred on Thursday, May 14th. The shares were bought at an average price of $7.78 per share, with a total value of $63,018.00. Following the completion of the purchase, the director owned 11,290,049 shares in the company, valued at approximately $87,836,581.22. The trade was a 0.07% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
David Henry Hoffmann also recently made the following trade(s):
- On Monday, May 18th, David Henry Hoffmann bought 10,600 shares of Lee Enterprises stock. The shares were bought at an average price of $8.93 per share, with a total value of $94,658.00.
- On Wednesday, May 13th, David Henry Hoffmann bought 7,400 shares of Lee Enterprises stock. The shares were bought at an average price of $7.99 per share, with a total value of $59,126.00.
- On Tuesday, May 12th, David Henry Hoffmann bought 8,100 shares of Lee Enterprises stock. The shares were bought at an average price of $7.82 per share, with a total value of $63,342.00.
- On Friday, March 13th, David Henry Hoffmann bought 27,800 shares of Lee Enterprises stock. The shares were bought at an average price of $9.35 per share, with a total value of $259,930.00.
- On Wednesday, March 11th, David Henry Hoffmann bought 27,800 shares of Lee Enterprises stock. The shares were bought 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 bought at an average price of $9.16 per share, with a total value of $174,040.00.
- On Monday, March 2nd, David Henry Hoffmann bought 19,000 shares of Lee Enterprises stock. The shares were bought at an average price 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 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 purchased 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 stock was acquired at an average cost of $8.91 per share, for a total transaction of $135,432.00.
Lee Enterprises Trading Up 0.2%
Shares of Lee Enterprises stock opened at $8.73 on Tuesday. The firm has a market capitalization of $194.07 million, a PE ratio of -1.20 and a beta of 0.20. The company has a debt-to-equity ratio of 69.34, a current ratio of 0.78 and a quick ratio of 0.72. The company's fifty day moving average price is $8.49 and its two-hundred day moving average price is $6.36. Lee Enterprises, Incorporated has a 52-week low of $3.34 and a 52-week high of $9.97.
Institutional Investors Weigh In On Lee Enterprises
Institutional investors and hedge funds have recently bought and sold shares of the business. Gabelli Funds LLC increased its holdings in Lee Enterprises by 2.2% in the 2nd quarter. Gabelli Funds LLC now owns 202,482 shares of the company's stock valued at $1,296,000 after buying an additional 4,389 shares during the period. Royal Bank of Canada increased 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 buying an additional 28,917 shares during the period. DRW Securities LLC bought a new stake in Lee Enterprises in the 4th quarter valued at $99,000. Jane Street Group LLC bought a new stake in Lee Enterprises in the 2nd quarter valued at $86,000. Finally, Private Advisor Group LLC bought a new stake in Lee Enterprises in the 1st quarter valued at $430,000. 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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