Insider Buying: Lee Enterprises (NYSE:LEE) Director Buys $259,930.00 in Stock

Lee Enterprises, Incorporated (NYSE:LEE) Director David Henry Hoffmann acquired 27,800 shares of the stock in a transaction on Friday, March 13th. The shares were purchased at an average price of $9.35 per share, for a total transaction of $259,930.00. Following the completion of the transaction, the director owned 11,266,449 shares in the company, valued at approximately $105,341,298.15. This represents a 0.25% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Wednesday, March 11th, David Henry Hoffmann bought 27,800 shares of Lee Enterprises stock. The shares were purchased at an average cost of $9.33 per share, for a total transaction of $259,374.00.
• On Wednesday, March 4th, David Henry Hoffmann bought 19,000 shares of Lee Enterprises stock. The stock was acquired at an average price of $9.16 per share, with a total value of $174,040.00.
• On Monday, March 2nd, David Henry Hoffmann bought 19,000 shares of Lee Enterprises stock. The stock was acquired at an average cost of $8.85 per share, with a total value of $168,150.00.
• On Thursday, February 26th, David Henry Hoffmann purchased 15,200 shares of Lee Enterprises stock. The shares were 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 shares were acquired at an average cost of $8.64 per share, for a total transaction of $118,454.40.
• On Monday, February 23rd, David Henry Hoffmann acquired 15,200 shares of Lee Enterprises stock. The stock was acquired at an average cost of $8.91 per share, with a total value of $135,432.00.
• On Thursday, February 19th, David Henry Hoffmann acquired 10,600 shares of Lee Enterprises stock. The stock was acquired at an average cost of $7.81 per share, with a total value of $82,786.00.
• On Tuesday, February 17th, David Henry Hoffmann acquired 10,600 shares of Lee Enterprises stock. The shares were acquired at an average price of $7.10 per share, with a total value of $75,260.00.
• On Friday, February 13th, David Henry Hoffmann bought 6,099 shares of Lee Enterprises stock. The shares were acquired at an average cost of $7.17 per share, for a total transaction of $43,729.83.

Lee Enterprises Price Performance

Shares of LEE opened at $9.42 on Monday. The business’s 50-day moving average is $6.71 and its 200-day moving average is $5.23. 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 company has a market capitalization of $209.50 million, a price-to-earnings ratio of -1.29 and a beta of 0.37. Lee Enterprises, Incorporated has a fifty-two week low of $3.34 and a fifty-two week high of $11.21.

Institutional Investors Weigh In On Lee Enterprises

A number of institutional investors have recently modified their holdings of the stock. Murphy Pohlad Asset Management LLC purchased a new position in shares of Lee Enterprises during the 3rd quarter valued at $66,000. Teton Advisors LLC raised its holdings in shares of Lee Enterprises by 13.3% during the fourth quarter. Teton Advisors LLC now owns 17,000 shares of the company’s stock worth $81,000 after acquiring an additional 2,000 shares in the last quarter. Jane Street Group LLC acquired a new stake in Lee Enterprises during the second quarter valued at $86,000. DRW Securities LLC purchased a new position in Lee Enterprises in the fourth quarter valued at about $99,000. Finally, Royal Bank of Canada grew its stake 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 valued at $302,000 after purchasing an additional 28,917 shares in the last quarter. Institutional investors and hedge funds own 39.20% of the company’s stock.

Lee Enterprises Company Profile

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.