David Henry Hoffmann Acquires 10,600 Shares of Lee Enterprises (NYSE:LEE) Stock

Lee Enterprises, Incorporated (NYSE:LEE) Director David Henry Hoffmann bought 10,600 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The shares were acquired at an average cost of $9.79 per share, with a total value of $103,774.00. Following the completion of the transaction, the director owned 11,329,949 shares in the company, valued at approximately $110,920,200.71. The trade was a 0.09% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Monday, May 18th, David Henry Hoffmann bought 10,600 shares of Lee Enterprises stock. The shares were acquired at an average cost of $8.93 per share, with a total value of $94,658.00.
• On Thursday, May 14th, David Henry Hoffmann bought 8,100 shares of Lee Enterprises stock. The shares were acquired at an average cost of $7.78 per share, with a total value of $63,018.00.
• On Wednesday, May 13th, David Henry Hoffmann bought 7,400 shares of Lee Enterprises stock. The shares were acquired at an average cost of $7.99 per share, with a total value of $59,126.00.
• On Tuesday, May 12th, David Henry Hoffmann bought 8,100 shares of Lee Enterprises stock. The shares were acquired at an average cost of $7.82 per share, with a total value of $63,342.00.
• On Friday, March 13th, David Henry Hoffmann acquired 27,800 shares of Lee Enterprises stock. The stock was purchased at an average cost of $9.35 per share, with a total value of $259,930.00.
• On Wednesday, March 11th, David Henry Hoffmann acquired 27,800 shares of Lee Enterprises stock. The stock was purchased at an average cost of $9.33 per share, with a total value of $259,374.00.
• On Wednesday, March 4th, David Henry Hoffmann acquired 19,000 shares of Lee Enterprises stock. The stock was 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 stock was purchased at an average cost of $8.85 per share, with a total value of $168,150.00.
• On Thursday, February 26th, David Henry Hoffmann acquired 15,200 shares of Lee Enterprises stock. The stock was purchased at an average cost of $9.03 per share, with a total value of $137,256.00.
• On Wednesday, February 25th, David Henry Hoffmann acquired 13,710 shares of Lee Enterprises stock. The stock was purchased at an average cost of $8.64 per share, with a total value of $118,454.40.

Lee Enterprises Trading Down 0.5%

Shares of LEE opened at $9.40 on Friday. The business has a 50-day moving average of $8.50 and a 200 day moving average of $6.49. Lee Enterprises, Incorporated has a fifty-two week low of $3.34 and a fifty-two week high of $10.09. The firm has a market cap of $208.96 million, a P/E ratio of -1.29 and a beta of 0.20. The company has a debt-to-equity ratio of 69.34, a quick ratio of 0.72 and a current ratio of 0.78.

Institutional Investors Weigh In On Lee Enterprises

Several large investors have recently added to or reduced their stakes in the company. Gamco Investors INC. ET AL increased its holdings in Lee Enterprises by 23.8% in the 4th quarter. Gamco Investors INC. ET AL now owns 601,454 shares of the company’s stock worth $2,881,000 after acquiring an additional 115,779 shares during the last quarter. Gabelli Funds LLC increased its holdings in Lee Enterprises by 9.5% in the 4th quarter. Gabelli Funds LLC now owns 226,800 shares of the company’s stock worth $1,086,000 after acquiring an additional 19,700 shares during the last quarter. Private Advisor Group LLC purchased a new stake in Lee Enterprises in the 1st quarter worth about $430,000. Royal Bank of Canada increased its holdings in Lee Enterprises by 15,715.8% in the 1st 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. Finally, DRW Securities LLC purchased a new stake in Lee Enterprises in the 4th quarter worth about $99,000. Hedge funds and other institutional investors 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.