Lee Enterprises (NYSE:LEE) Shares Cross Above 200-Day Moving Average – What’s Next?

Lee Enterprises, Incorporated (NYSE:LEE) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $7.76 and traded as high as $9.91. Lee Enterprises shares last traded at $9.34, with a volume of 150,978 shares trading hands.

Lee Enterprises Price Performance

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 cap of $207.63 million, a P/E ratio of -1.28 and a beta of 0.34. The firm has a 50 day moving average price of $9.26 and a two-hundred day moving average price of $7.76.

Insider Activity

In other news, Director Herbert W. Moloney III sold 24,000 shares of Lee Enterprises stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $9.82, for a total value of $235,680.00. Following the completion of the transaction, the director owned 23,037 shares in the company, valued at $226,223.34. This trade represents a 51.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David Henry Hoffmann purchased 6,925 shares of the stock in a transaction dated Monday, June 8th. The stock was acquired at an average cost of $10.86 per share, for a total transaction of $75,205.50. Following the transaction, the director owned 11,517,242 shares of the company’s stock, valued at approximately $125,077,248.12. This trade represents a 0.06% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders have acquired 94,225 shares of company stock worth $898,978. Insiders own 54.20% of the company’s stock.

Institutional Investors Weigh In On Lee Enterprises

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Royal Bank of Canada lifted its position in shares of Lee Enterprises by 15,715.8% during 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. Gabelli Funds LLC boosted its holdings 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 worth $1,296,000 after acquiring an additional 4,389 shares during the period. Jane Street Group LLC purchased a new position in shares of Lee Enterprises in the second quarter valued at $86,000. Teton Advisors LLC raised its stake in shares of Lee Enterprises by 13.3% during the 4th quarter. Teton Advisors LLC now owns 17,000 shares of the company’s stock valued at $81,000 after purchasing an additional 2,000 shares during the period. Finally, Gamco Investors INC. ET AL raised its stake in shares of Lee Enterprises by 23.8% during the 4th quarter. Gamco Investors INC. ET AL now owns 601,454 shares of the company’s stock valued at $2,881,000 after purchasing an additional 115,779 shares during the period. Institutional investors 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.