Lee Enterprises (NYSE:LEE) Major Shareholder Digital Ltd Quint Buys 20,454 Shares of Stock

Lee Enterprises, Incorporated (NYSE:LEE) major shareholder Digital Ltd Quint acquired 20,454 shares of the company’s stock in a transaction dated Monday, March 2nd. The shares were purchased at an average cost of $8.87 per share, with a total value of $181,426.98. Following the acquisition, the insider owned 3,234,800 shares of the company’s stock, valued at approximately $28,692,676. This represents a 0.64% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Digital Ltd Quint also recently made the following trade(s):

• On Thursday, February 5th, Digital Ltd Quint bought 2,451,346 shares of Lee Enterprises stock. The stock was acquired at an average cost of $3.25 per share, for a total transaction of $7,966,874.50.

Lee Enterprises Stock Down 4.9%

NYSE LEE opened at $8.94 on Wednesday. The stock’s 50 day simple moving average is $5.92 and its 200 day simple moving average is $4.95. Lee Enterprises, Incorporated has a one year low of $3.34 and a one year high of $11.21. The firm has a market cap of $198.83 million, a PE ratio of -1.23 and a beta of 0.55. The company has a debt-to-equity ratio of 69.34, a current ratio of 0.78 and a quick ratio of 0.72.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in LEE. Murphy Pohlad Asset Management LLC acquired a new position in shares of Lee Enterprises during the third quarter valued at $66,000. Teton Advisors LLC raised its holdings in Lee Enterprises by 13.3% during the 4th quarter. Teton Advisors LLC now owns 17,000 shares of the company’s stock worth $81,000 after purchasing an additional 2,000 shares during the last quarter. Jane Street Group LLC acquired a new position in Lee Enterprises during the 2nd quarter valued at about $86,000. DRW Securities LLC bought a new position in shares of Lee Enterprises in the 4th quarter valued at about $99,000. Finally, Royal Bank of Canada grew its position in shares of Lee Enterprises by 15,715.8% during the 1st quarter. Royal Bank of Canada now owns 29,101 shares of the company’s stock worth $302,000 after buying an additional 28,917 shares during the period. Institutional investors and hedge funds 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.