Key Points
- Director David Henry Hoffmann bought 10,600 shares of Lee Enterprises at an average price of $9.79, spending about $103,774.
- The purchase increased Hoffmann’s stake to 11,329,949 shares, and the article notes he has made several recent insider buys in Lee Enterprises over the past few months.
- Lee Enterprises stock closed at $9.45, near its 52-week high of $10.09, while the company remains highly leveraged with a debt-to-equity ratio of 69.34.
Lee Enterprises, Incorporated (NYSE:LEE - Get Free Report) Director David Henry Hoffmann purchased 10,600 shares of the company's stock in a transaction on Wednesday, May 20th. The stock was acquired at an average price of $9.79 per share, for a total transaction of $103,774.00. Following the completion of the transaction, the director owned 11,329,949 shares of the company's stock, valued at $110,920,200.71. This represents a 0.09% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
David Henry Hoffmann also recently made the following trade(s):
- On Monday, May 18th, David Henry Hoffmann purchased 10,600 shares of Lee Enterprises stock. The stock was acquired at an average price of $8.93 per share, for a total transaction of $94,658.00.
- On Thursday, May 14th, David Henry Hoffmann purchased 8,100 shares of Lee Enterprises stock. The stock was acquired at an average price of $7.78 per share, for a total transaction of $63,018.00.
- On Wednesday, May 13th, David Henry Hoffmann purchased 7,400 shares of Lee Enterprises stock. The stock was acquired at an average price of $7.99 per share, for a total transaction of $59,126.00.
- On Tuesday, May 12th, David Henry Hoffmann purchased 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 purchased 27,800 shares of Lee Enterprises stock. The stock was acquired at an average price of $9.35 per share, for a total transaction of $259,930.00.
- On Wednesday, March 11th, David Henry Hoffmann purchased 27,800 shares of Lee Enterprises stock. The stock was acquired at an average price of $9.33 per share, for a total transaction of $259,374.00.
- On Wednesday, March 4th, David Henry Hoffmann purchased 19,000 shares of Lee Enterprises stock. The stock was acquired 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 acquired at an average price 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 price 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.
Lee Enterprises Price Performance
Shares of Lee Enterprises stock opened at $9.45 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 69.34. The company's 50-day moving average price is $8.50 and its two-hundred day moving average price is $6.46. Lee Enterprises, Incorporated has a 52 week low of $3.34 and a 52 week high of $10.09. The stock has a market cap of $210.07 million, a PE ratio of -1.30 and a beta of 0.20.
Institutional Trading of Lee Enterprises
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Private Advisor Group LLC acquired a new stake in Lee Enterprises during the 1st quarter worth about $430,000. DRW Securities LLC acquired a new stake in Lee Enterprises during the 4th quarter worth about $99,000. Gamco Investors INC. ET AL raised its holdings in 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 buying an additional 115,779 shares during the period. Teton Advisors LLC raised its holdings in Lee Enterprises by 13.3% during the 4th quarter. Teton Advisors LLC now owns 17,000 shares of the company's stock worth $81,000 after buying an additional 2,000 shares during the period. Finally, Gabelli Funds LLC raised its holdings in Lee Enterprises by 9.5% during the 4th 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 period. Institutional investors and hedge funds 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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