Teton Advisors Inc. Sells 3,500 Shares of Lee Enterprises, Incorporated (NYSE:LEE)

Teton Advisors Inc. lessened its holdings in shares of Lee Enterprises, Incorporated (NYSE:LEE) by 11.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 26,500 shares of the company’s stock after selling 3,500 shares during the quarter. Teton Advisors Inc. owned approximately 0.43% of Lee Enterprises worth $209,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LEE. Gabelli Funds LLC raised its position in shares of Lee Enterprises by 8.2% in the third quarter. Gabelli Funds LLC now owns 46,000 shares of the company’s stock valued at $493,000 after purchasing an additional 3,500 shares during the period. Gamco Investors INC. ET AL boosted its stake in shares of Lee Enterprises by 17.8% in the 3rd quarter. Gamco Investors INC. ET AL now owns 73,950 shares of the company’s stock valued at $792,000 after purchasing an additional 11,200 shares in the last quarter. Finally, Wittenberg Investment Management Inc. acquired a new stake in shares of Lee Enterprises in the 3rd quarter valued at $1,210,000. Institutional investors own 39.20% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Lee Enterprises from a “buy” rating to a “hold” rating in a research note on Wednesday, February 14th.

Insider Activity at Lee Enterprises

In related news, major shareholder Digital Ltd Quint bought 22,000 shares of the company’s stock in a transaction on Friday, March 22nd. The shares were purchased at an average cost of $14.10 per share, for a total transaction of $310,200.00. Following the acquisition, the insider now owns 726,000 shares of the company’s stock, valued at approximately $10,236,600. The purchase was disclosed in a filing with the SEC, which is available at this link. Insiders have bought 85,599 shares of company stock worth $1,177,335 in the last ninety days. Company insiders own 11.40% of the company’s stock.

Lee Enterprises Trading Up 2.4 %

Lee Enterprises stock traded up $0.29 during trading hours on Thursday, reaching $12.50. 16,474 shares of the company’s stock traded hands, compared to its average volume of 36,754. The company has a debt-to-equity ratio of 20.47, a quick ratio of 0.87 and a current ratio of 0.94. Lee Enterprises, Incorporated has a fifty-two week low of $7.56 and a fifty-two week high of $15.89. The firm has a market capitalization of $76.75 million, a price-to-earnings ratio of -12.72 and a beta of 1.22. The firm’s 50 day moving average is $12.05 and its 200-day moving average is $10.39.

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

Lee Enterprises Company Profile

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.