Lee Enterprises (NYSE:LEE) Upgraded at StockNews.com

Lee Enterprises (NYSE:LEE) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Friday.

Lee Enterprises Price Performance

NYSE:LEE traded down $0.25 during trading hours on Friday, reaching $12.25. 3,190 shares of the company were exchanged, compared to its average volume of 36,363. The business has a 50 day moving average of $12.15 and a 200 day moving average of $10.41. Lee Enterprises has a 1-year low of $7.56 and a 1-year high of $15.89. The company has a debt-to-equity ratio of 20.47, a current ratio of 0.94 and a quick ratio of 0.87. The company has a market capitalization of $75.25 million, a P/E ratio of -12.76 and a beta of 1.22.

Lee Enterprises (NYSE:LEE) last issued its quarterly earnings results on Thursday, February 1st. The company reported $0.12 EPS for the quarter. The company had revenue of $155.68 million for the quarter. Lee Enterprises had a negative return on equity of 30.92% and a negative net margin of 0.86%.

Insider Activity

In other Lee Enterprises news, major shareholder Digital Ltd Quint acquired 46,500 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The stock was acquired at an average cost of $12.92 per share, for a total transaction of $600,780.00. Following the transaction, the insider now directly owns 704,000 shares in the company, valued at $9,095,680. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders bought 85,599 shares of company stock worth $1,177,335. 11.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of LEE. Wittenberg Investment Management Inc. acquired a new position in Lee Enterprises during the 3rd quarter worth about $1,210,000. Corsair Capital Management L.P. bought a new stake in shares of Lee Enterprises in the 4th quarter valued at $128,000. Gabelli Funds LLC boosted its stake in shares of Lee Enterprises by 25.0% in the 4th quarter. Gabelli Funds LLC now owns 57,500 shares of the company’s stock valued at $453,000 after purchasing an additional 11,500 shares during the last quarter. Gamco Investors INC. ET AL raised its stake in Lee Enterprises by 17.8% during the third quarter. Gamco Investors INC. ET AL now owns 73,950 shares of the company’s stock worth $792,000 after buying an additional 11,200 shares during the last quarter. Finally, Teton Advisors Inc. lifted its holdings in Lee Enterprises by 27.7% in the third quarter. Teton Advisors Inc. now owns 30,000 shares of the company’s stock valued at $321,000 after buying an additional 6,500 shares during the period. 39.20% of the stock is currently owned by institutional investors.

About Lee Enterprises

Lee Enterprises, Incorporated provides local news and information, and advertising services in the United States. The company offers digital subscription platforms; daily, weekly, and monthly newspapers and niche publications; and web hosting and content management services. It also provides advertising and marketing services, such as audience extension, search engine optimization, search engine marketing, web and mobile production, social media services, and reputation monitoring and management.