Insider Buying: Lee Enterprises (NYSE:LEE) Director Buys $101,336.00 in Stock

Lee Enterprises, Incorporated (NYSE:LEE) Director David Henry Hoffmann bought 10,600 shares of Lee Enterprises stock in a transaction dated Friday, May 22nd. The shares were acquired at an average cost of $9.56 per share, for a total transaction of $101,336.00. Following the completion of the purchase, the director directly owned 11,351,149 shares of the company’s stock, valued at approximately $108,516,984.44. This trade represents a 0.09% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Tuesday, May 26th, David Henry Hoffmann purchased 13,700 shares of Lee Enterprises stock. The shares were purchased at an average price of $9.99 per share, for a total transaction of $136,863.00.
• On Wednesday, May 20th, David Henry Hoffmann purchased 10,600 shares of Lee Enterprises stock. The shares were purchased at an average price of $9.79 per share, for a total transaction of $103,774.00.
• On Monday, May 18th, David Henry Hoffmann purchased 10,600 shares of Lee Enterprises stock. The shares were purchased at an average price of $8.93 per share, for a total transaction of $94,658.00.
• On Thursday, May 14th, David Henry Hoffmann purchased 8,100 shares of Lee Enterprises stock. The shares were purchased at an average price of $7.78 per share, for a total transaction of $63,018.00.
• On Wednesday, May 13th, David Henry Hoffmann bought 7,400 shares of Lee Enterprises stock. The stock was bought at an average cost of $7.99 per share, for a total transaction of $59,126.00.
• On Tuesday, May 12th, David Henry Hoffmann bought 8,100 shares of Lee Enterprises stock. The stock was bought at an average cost of $7.82 per share, for a total transaction of $63,342.00.
• On Friday, March 13th, David Henry Hoffmann bought 27,800 shares of Lee Enterprises stock. The stock was bought at an average cost of $9.35 per share, for a total transaction of $259,930.00.
• On Wednesday, March 11th, David Henry Hoffmann bought 27,800 shares of Lee Enterprises stock. The stock was bought at an average cost of $9.33 per share, for a total transaction of $259,374.00.
• On Wednesday, March 4th, David Henry Hoffmann purchased 19,000 shares of Lee Enterprises stock. The shares were acquired at an average cost of $9.16 per share, for a total transaction of $174,040.00.
• On Monday, March 2nd, David Henry Hoffmann purchased 19,000 shares of Lee Enterprises stock. The shares were acquired at an average cost of $8.85 per share, for a total transaction of $168,150.00.

Lee Enterprises Trading Down 7.2%

Shares of NYSE:LEE opened at $10.91 on Friday. The company has a market cap of $242.53 million, a P/E ratio of -1.50 and a beta of 0.20. 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 1 year low of $3.34 and a 1 year high of $11.88. The stock’s fifty day moving average price is $8.64 and its 200-day moving average price is $6.70.

Institutional Trading of Lee Enterprises

Hedge funds have recently bought and sold shares of the company. Murphy Pohlad Asset Management LLC purchased a new stake in Lee Enterprises during the third quarter valued at $66,000. Jane Street Group LLC purchased a new stake in Lee Enterprises during the second quarter valued at $86,000. Teton Advisors LLC purchased a new stake in Lee Enterprises during the third quarter valued at $82,000. DRW Securities LLC purchased a new stake in Lee Enterprises during the fourth quarter valued at $99,000. Finally, Royal Bank of Canada increased its position in Lee Enterprises by 15,715.8% during the first quarter. Royal Bank of Canada now owns 29,101 shares of the company’s stock valued at $302,000 after acquiring an additional 28,917 shares during 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.