Key Points
- Lee Enterprises Director David Henry Hoffmann purchased 7,028 shares at an average price of $6.96, spending about $48,915. He now directly owns 11,537,609 shares, a 0.06% increase in his stake.
- Lee Enterprises shares were reported up 3.5%; the stock opened at $7.13 and had a 52-week trading range of $3.34 to $11.88.
- Institutional investors hold 39.2% of the company’s stock. Private Advisor Group increased its holdings by 119.3% in the third quarter, while several other institutions established new positions.
Lee Enterprises, Incorporated (NYSE:LEE - Get Free Report) Director David Hoffmann bought 7,028 shares of Lee Enterprises stock in a transaction that occurred on Tuesday, November 10th. The shares were acquired at an average cost of $6.96 per share, for a total transaction of $48,914.88. Following the completion of the transaction, the director directly owned 11,537,609 shares in the company, valued at $80,301,758.64. This represents a 0.06% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Lee Enterprises Trading Up 3.5%
Lee Enterprises stock opened at $7.13 on Friday. The company has a debt-to-equity ratio of 69.34, a quick ratio of 0.72 and a current ratio of 0.78. The stock has a market cap of $158.94 million, a PE ratio of -0.98 and a beta of 0.45. The stock has a 50-day moving average of $6.94 and a two-hundred day moving average of $8.03. Lee Enterprises, Incorporated has a one year low of $3.34 and a one year high of $11.88.
Institutional Investors Weigh In On Lee Enterprises
Large investors have recently made changes to their positions in the stock. Private Advisor Group LLC grew its holdings in shares of Lee Enterprises by 119.3% during the third quarter. Private Advisor Group LLC now owns 741,300 shares of the company's stock valued at $5,152,000 after buying an additional 403,300 shares during the last quarter. BlackRock Inc. acquired a new position in shares of Lee Enterprises in the 2nd quarter valued at $3,259,000. Cannell Capital LLC purchased a new position in Lee Enterprises in the 2nd quarter worth $3,085,367. State of Wyoming purchased a new position in Lee Enterprises in the 3rd quarter worth $287,000. Finally, NewEdge Advisors LLC purchased a new position in Lee Enterprises in the 2nd quarter worth $113,000. 39.20% of the stock is owned by hedge funds and other institutional investors.
About Lee Enterprises
(
Get Free Report)
Lee Enterprises is a media company focused on local news and information. It publishes newspapers and operates digital news websites, providing coverage of community, regional and national events, along with advertising and marketing services for businesses. Founded in Iowa in 1890 and headquartered in Davenport, Lee serves communities across the United States. Its portfolio includes local and regional publications, including newspapers acquired from Berkshire Hathaway in 2020, and their associated digital platforms.
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