David Henry Hoffmann Acquires 27,800 Shares of Lee Enterprises (NYSE:LEE) Stock

Lee Enterprises, Incorporated (NYSE:LEE) Director David Henry Hoffmann purchased 27,800 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The stock was bought at an average price of $9.33 per share, for a total transaction of $259,374.00. Following the transaction, the director directly owned 11,210,849 shares of the company’s stock, valued at $104,597,221.17. This trade represents a 0.25% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Friday, March 13th, David Henry Hoffmann purchased 27,800 shares of Lee Enterprises stock. The stock was bought at an average cost of $9.35 per share, with a total value of $259,930.00.
• On Wednesday, March 4th, David Henry Hoffmann acquired 19,000 shares of Lee Enterprises stock. The shares were purchased at an average cost of $9.16 per share, with a total value of $174,040.00.
• On Monday, March 2nd, David Henry Hoffmann acquired 19,000 shares of Lee Enterprises stock. The shares were purchased at an average price of $8.85 per share, for a total transaction of $168,150.00.
• On Thursday, February 26th, David Henry Hoffmann bought 15,200 shares of Lee Enterprises stock. The stock was purchased at an average cost of $9.03 per share, for a total transaction of $137,256.00.
• On Wednesday, February 25th, David Henry Hoffmann bought 13,710 shares of Lee Enterprises stock. The stock was purchased at an average price of $8.64 per share, with a total value of $118,454.40.
• On Monday, February 23rd, David Henry Hoffmann purchased 15,200 shares of Lee Enterprises stock. The shares were purchased at an average cost of $8.91 per share, with a total value of $135,432.00.
• On Thursday, February 19th, David Henry Hoffmann purchased 10,600 shares of Lee Enterprises stock. The shares were purchased at an average price of $7.81 per share, for a total transaction of $82,786.00.
• On Tuesday, February 17th, David Henry Hoffmann acquired 10,600 shares of Lee Enterprises stock. The stock was purchased at an average cost of $7.10 per share, for a total transaction of $75,260.00.
• On Friday, February 13th, David Henry Hoffmann acquired 6,099 shares of Lee Enterprises stock. The shares were purchased at an average price of $7.17 per share, with a total value of $43,729.83.

Lee Enterprises Stock Up 5.6%

NYSE LEE opened at $9.42 on Friday. The business has a fifty day moving average price of $6.71 and a two-hundred day moving average price of $5.22. The company has a debt-to-equity ratio of 69.34, a current ratio of 0.78 and a quick ratio of 0.72. Lee Enterprises, Incorporated has a fifty-two week low of $3.34 and a fifty-two week high of $11.21. The stock has a market capitalization of $209.50 million, a PE ratio of -1.29 and a beta of 0.37.

Institutional Trading of Lee Enterprises

Institutional investors and hedge funds have recently modified their holdings of the business. Wittenberg Investment Management Inc. grew its position in Lee Enterprises by 20.1% in the second quarter. Wittenberg Investment Management Inc. now owns 85,043 shares of the company’s stock valued at $544,000 after acquiring an additional 14,262 shares during the last quarter. Gabelli Funds LLC raised its stake in Lee Enterprises by 2.3% during the third quarter. Gabelli Funds LLC now owns 207,100 shares of the company’s stock worth $1,127,000 after acquiring an additional 4,618 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of 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 during the last quarter. DRW Securities LLC bought a new position in shares of Lee Enterprises in the fourth quarter worth about $99,000. Finally, Jane Street Group LLC acquired a new stake in shares of Lee Enterprises in the 2nd quarter valued at approximately $86,000. 39.20% of the stock is currently owned by institutional investors.

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.