Key Points
- Director David Henry Hoffmann bought 13,700 shares of Lee Enterprises at an average price of $9.99, worth about $136,863, and now directly owns 11.36 million shares.
- The purchase adds to a recent pattern of insider buying, with Hoffmann acquiring shares multiple times in May and March at prices ranging from about $7.78 to $9.79 per share.
- Lee Enterprises stock rose 2% to $9.91, near its 52-week high of $10.33, while the company remains lightly valued with a market cap of about $220 million and high leverage.
Lee Enterprises, Incorporated (NYSE:LEE - Get Free Report) Director David Henry Hoffmann bought 10,600 shares of Lee Enterprises stock in a transaction on Friday, May 22nd. The stock was acquired at an average cost of $9.56 per share, with a total value of $101,336.00. Following the acquisition, the director owned 11,351,149 shares of the company's stock, valued at $108,516,984.44. This trade represents a 0.09% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
David Henry Hoffmann also recently made the following trade(s):
- On Tuesday, May 26th, David Henry Hoffmann bought 13,700 shares of Lee Enterprises stock. The stock was acquired at an average cost of $9.99 per share, with a total value of $136,863.00.
- On Wednesday, May 20th, David Henry Hoffmann bought 10,600 shares of Lee Enterprises stock. The stock was acquired at an average cost of $9.79 per share, with a total value of $103,774.00.
- On Monday, May 18th, David Henry Hoffmann acquired 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 acquired 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 acquired 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 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 price of $9.35 per share, for a total transaction of $259,930.00.
- On Wednesday, March 11th, David Henry Hoffmann acquired 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 acquired 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 acquired 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.
Lee Enterprises Price Performance
Lee Enterprises stock opened at $9.91 on Thursday. Lee Enterprises, Incorporated has a 52 week low of $3.34 and a 52 week high of $10.33. 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 firm's 50-day simple moving average is $8.54 and its 200 day simple moving average is $6.62. The firm has a market capitalization of $220.30 million, a PE ratio of -1.36 and a beta of 0.20.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. Murphy Pohlad Asset Management LLC acquired a new position in Lee Enterprises in the 3rd quarter valued at about $66,000. Teton Advisors LLC raised its stake in Lee Enterprises by 13.3% in the 4th quarter. Teton Advisors LLC now owns 17,000 shares of the company's stock valued at $81,000 after purchasing an additional 2,000 shares during the last quarter. Jane Street Group LLC acquired a new position in Lee Enterprises in the 2nd quarter valued at about $86,000. DRW Securities LLC acquired a new position in Lee Enterprises in the 4th quarter valued at about $99,000. Finally, Royal Bank of Canada raised its stake 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 during the last quarter. Institutional investors and hedge funds own 39.20% of the company's stock.
About Lee Enterprises
(
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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