Lee Enterprises (NYSE:LEE) Share Price Passes Above 200-Day Moving Average – What’s Next?

Shares of Lee Enterprises, Incorporated (NYSE:LEE) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $5.36 and traded as high as $8.84. Lee Enterprises shares last traded at $7.95, with a volume of 208,553 shares.

Lee Enterprises Price Performance

The stock has a 50 day moving average price of $7.08 and a two-hundred day moving average price of $5.37. The company has a debt-to-equity ratio of 69.34, a quick ratio of 0.72 and a current ratio of 0.78. The company has a market capitalization of $176.81 million, a PE ratio of -1.09 and a beta of 0.37.

Insiders Place Their Bets

In other news, Director Brent Magid sold 26,804 shares of the stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $9.08, for a total transaction of $243,380.32. Following the transaction, the director owned 8,760 shares of the company’s stock, valued at approximately $79,540.80. This represents a 75.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director David Henry Hoffmann bought 27,800 shares of the firm’s stock in a transaction on Friday, March 13th. The shares were bought at an average cost of $9.35 per share, with a total value of $259,930.00. Following the transaction, the director directly owned 11,266,449 shares of the company’s stock, valued at approximately $105,341,298.15. This trade represents a 0.25% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders acquired 2,646,809 shares of company stock valued at $9,694,014 over the last ninety days. Corporate insiders own 54.20% of the company’s stock.

Institutional Trading of Lee Enterprises

A number of hedge funds have recently bought and sold shares of LEE. Teton Advisors LLC grew its position in Lee Enterprises by 13.3% in 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. Gabelli Funds LLC lifted its stake in shares of Lee Enterprises by 2.2% in the second quarter. Gabelli Funds LLC now owns 202,482 shares of the company’s stock valued at $1,296,000 after buying an additional 4,389 shares during the period. Murphy Pohlad Asset Management LLC acquired a new stake in Lee Enterprises during the third quarter worth about $66,000. Jane Street Group LLC acquired a new stake in Lee Enterprises during the second quarter worth about $86,000. Finally, DRW Securities LLC bought a new position in Lee Enterprises during the fourth quarter valued at about $99,000. 39.20% of the stock is owned by institutional investors.

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.