Lee Enterprises (NYSE:LEE) Director Acquires $59,126.00 in Stock

Lee Enterprises, Incorporated (NYSE:LEE) Director David Henry Hoffmann acquired 7,400 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The shares were bought at an average price of $7.99 per share, for a total transaction of $59,126.00. Following the completion of the purchase, the director owned 11,281,949 shares of the company’s stock, valued at approximately $90,142,772.51. This represents a 0.07% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Tuesday, May 12th, David Henry Hoffmann acquired 8,100 shares of Lee Enterprises stock. The shares were bought at an average price of $7.82 per share, for a total transaction of $63,342.00.
• On Friday, March 13th, David Henry Hoffmann acquired 27,800 shares of Lee Enterprises stock. The shares were bought at an average price of $9.35 per share, for a total transaction of $259,930.00.
• On Wednesday, March 11th, David Henry Hoffmann acquired 27,800 shares of Lee Enterprises stock. The shares were bought at an average price of $9.33 per share, for a total transaction of $259,374.00.
• On Wednesday, March 4th, David Henry Hoffmann acquired 19,000 shares of Lee Enterprises stock. The shares were bought at an average price of $9.16 per share, for a total transaction of $174,040.00.
• On Monday, March 2nd, David Henry Hoffmann acquired 19,000 shares of Lee Enterprises stock. The shares were bought at an average price of $8.85 per share, for a total transaction of $168,150.00.
• On Thursday, February 26th, David Henry Hoffmann acquired 15,200 shares of Lee Enterprises stock. The shares were bought at an average price of $9.03 per share, for a total transaction of $137,256.00.
• On Wednesday, February 25th, David Henry Hoffmann acquired 13,710 shares of Lee Enterprises stock. The shares were bought at an average price 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 shares were bought at an average price of $8.91 per share, for a total transaction of $135,432.00.
• On Thursday, February 19th, David Henry Hoffmann acquired 10,600 shares of Lee Enterprises stock. The shares were bought at an average price of $7.81 per share, for a total transaction of $82,786.00.
• On Tuesday, February 17th, David Henry Hoffmann purchased 10,600 shares of Lee Enterprises stock. The shares were purchased at an average price of $7.10 per share, for a total transaction of $75,260.00.

Lee Enterprises Price Performance

Shares of LEE stock traded up $0.03 during mid-day trading on Thursday, hitting $7.85. 55,313 shares of the stock traded hands, compared to its average volume of 65,367. Lee Enterprises, Incorporated has a twelve month low of $3.34 and a twelve month high of $9.97. The firm has a market cap of $174.58 million, a price-to-earnings ratio of -1.08 and a beta of 0.20. The company’s 50-day simple moving average is $8.52 and its 200-day simple moving average is $6.28. 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

Hedge funds and other institutional investors have recently bought and sold shares of the business. Murphy Pohlad Asset Management LLC bought a new stake in Lee Enterprises in the third quarter worth about $66,000. Jane Street Group LLC bought a new stake in Lee Enterprises in the second quarter worth about $86,000. Teton Advisors LLC bought a new stake in Lee Enterprises in the third quarter worth about $82,000. DRW Securities LLC bought a new stake in Lee Enterprises in the fourth quarter worth about $99,000. Finally, Royal Bank of Canada raised its position 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 worth $302,000 after acquiring an additional 28,917 shares in the last quarter. 39.20% of the stock is currently owned by institutional investors.

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.