Lee Enterprises, Incorporated (NYSE:LEE) VP Michael R. Gulledge sold 4,653 shares of the business’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $2.33, for a total value of $10,841.49. Following the completion of the sale, the vice president now owns 74,065 shares in the company, valued at approximately $172,571.45. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Lee Enterprises, Incorporated (NYSE LEE) traded up $0.05 during midday trading on Wednesday, reaching $2.35. The company’s stock had a trading volume of 138,200 shares, compared to its average volume of 176,725. The company has a market cap of $130.45, a PE ratio of 8.85 and a beta of 2.13. The company has a debt-to-equity ratio of -5.10, a current ratio of 0.77 and a quick ratio of 0.74. Lee Enterprises, Incorporated has a 12-month low of $1.75 and a 12-month high of $3.30.

Lee Enterprises (NYSE:LEE) last released its earnings results on Wednesday, December 6th. The company reported $0.06 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.01). The firm had revenue of $140.21 million during the quarter. Lee Enterprises had a net margin of 4.85% and a negative return on equity of 13.80%. During the same quarter last year, the firm earned $0.10 EPS.

Separately, TheStreet upgraded Lee Enterprises from a “d+” rating to a “c” rating in a research note on Monday, October 9th.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Lee Enterprises by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 1,972,683 shares of the company’s stock valued at $3,749,000 after acquiring an additional 25,157 shares in the last quarter. Algert Global LLC lifted its stake in Lee Enterprises by 16.5% in the 3rd quarter. Algert Global LLC now owns 867,225 shares of the company’s stock valued at $1,908,000 after acquiring an additional 122,914 shares in the last quarter. Graham Capital Management L.P. lifted its stake in Lee Enterprises by 198.7% in the 3rd quarter. Graham Capital Management L.P. now owns 551,128 shares of the company’s stock valued at $1,212,000 after acquiring an additional 366,600 shares in the last quarter. Morgan Stanley lifted its stake in Lee Enterprises by 23.9% in the 1st quarter. Morgan Stanley now owns 459,648 shares of the company’s stock valued at $1,194,000 after acquiring an additional 88,676 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Lee Enterprises by 3.9% in the 1st quarter. Geode Capital Management LLC now owns 352,090 shares of the company’s stock valued at $914,000 after acquiring an additional 13,140 shares in the last quarter. Hedge funds and other institutional investors own 31.81% of the company’s stock.

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About Lee Enterprises

Lee Enterprises, Incorporated is a provider of local news and information, and a platform for print and digital advertising. The Company’s products included 46 daily and 34 Sunday newspapers, 300 weekly newspapers, and classified and niche publications, as of September 25, 2016. The Company also provides a range of digital products, including video, digital couponing, behavioral targeting, audience retargeting, banner advertisements and social networking.

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