Lee Enterprises (NYSE:LEE) Director Purchases $137,256.00 in Stock

Lee Enterprises, Incorporated (NYSE:LEE) Director David Henry Hoffmann purchased 15,200 shares of the stock in a transaction that occurred on Thursday, February 26th. The shares were bought at an average cost of $9.03 per share, for a total transaction of $137,256.00. Following the acquisition, the director owned 11,017,249 shares of the company’s stock, valued at approximately $99,485,758.47. The trade was a 0.14% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

David Henry Hoffmann also recently made the following trade(s):

• On Wednesday, February 25th, David Henry Hoffmann acquired 13,710 shares of Lee Enterprises stock. The shares were bought at an average cost of $8.64 per share, with a total value of $118,454.40.
• On Monday, February 23rd, David Henry Hoffmann acquired 15,200 shares of Lee Enterprises stock. The shares were bought at an average cost of $8.91 per share, with a total value of $135,432.00.
• On Thursday, February 19th, David Henry Hoffmann bought 10,600 shares of Lee Enterprises stock. The stock was bought at an average price of $7.81 per share, for a total transaction of $82,786.00.
• On Tuesday, February 17th, David Henry Hoffmann bought 10,600 shares of Lee Enterprises stock. The stock was bought at an average cost of $7.10 per share, for a total transaction of $75,260.00.
• On Friday, February 13th, David Henry Hoffmann purchased 6,099 shares of Lee Enterprises stock. The shares were bought at an average cost of $7.17 per share, with a total value of $43,729.83.

Lee Enterprises Stock Performance

NYSE:LEE opened at $8.69 on Friday. The firm’s fifty day moving average price is $5.70 and its 200 day moving average price is $4.88. Lee Enterprises, Incorporated has a 1-year low of $3.34 and a 1-year high of $11.21. 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 firm has a market cap of $193.27 million, a price-to-earnings ratio of -1.19 and a beta of 0.55.

Institutional Investors Weigh In On Lee Enterprises

A number of institutional investors have recently added to or reduced their stakes in LEE. Murphy Pohlad Asset Management LLC acquired a new position in Lee Enterprises during the 3rd quarter worth approximately $66,000. Teton Advisors LLC boosted its stake in shares of Lee Enterprises by 13.3% in the fourth quarter. Teton Advisors LLC now owns 17,000 shares of the company’s stock valued at $81,000 after buying an additional 2,000 shares in the last quarter. Jane Street Group LLC acquired a new position in Lee Enterprises during the second quarter worth $86,000. DRW Securities LLC purchased a new position in Lee Enterprises in the fourth quarter worth $99,000. Finally, Royal Bank of Canada raised its position in Lee Enterprises by 15,715.8% in the first quarter. Royal Bank of Canada now owns 29,101 shares of the company’s stock worth $302,000 after acquiring an additional 28,917 shares in the last quarter. Hedge funds and other institutional investors own 39.20% of the company’s stock.

About Lee Enterprises

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.