William E. Mayer Sells 100,000 Shares of Lee Enterprises, Incorporated (NYSE:LEE) Stock
Lee Enterprises, Incorporated (NYSE:LEE) Director William E. Mayer sold 100,000 shares of Lee Enterprises stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $2.14, for a total value of $214,000.00. Following the transaction, the director now directly owns 121,979 shares of the company’s stock, valued at approximately $261,035.06. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
LEE stock traded up $0.08 during mid-day trading on Tuesday, reaching $2.25. 5,835 shares of the company traded hands, compared to its average volume of 261,673. The stock has a market capitalization of $120.64 million, a P/E ratio of 6.53 and a beta of 1.41. Lee Enterprises, Incorporated has a 52-week low of $1.84 and a 52-week high of $3.69. The company has a fifty day moving average price of $2.12.
A number of hedge funds have recently bought and sold shares of LEE. KBC Group NV purchased a new position in shares of Lee Enterprises during the second quarter worth about $28,000. Barclays PLC purchased a new position in shares of Lee Enterprises during the fourth quarter worth about $27,000. Janney Montgomery Scott LLC purchased a new position in shares of Lee Enterprises during the first quarter worth about $52,000. Virtu Financial LLC purchased a new position in shares of Lee Enterprises during the first quarter worth about $69,000. Finally, Stone Ridge Asset Management LLC purchased a new position in shares of Lee Enterprises during the second quarter worth about $53,000. 43.95% of the stock is owned by institutional investors and hedge funds.
Lee Enterprises Company Profile
Lee Enterprises, Incorporated provides local news and information, and advertising services in the United States. The company offers daily and community newspapers, news websites, mobile applications and news, and video products; and digital services, including Web hosting and content management. It also provides advertising and marketing services, such as retail, classified, national, and digital advertising services, as well as custom digital marketing services to small, medium sized, and large complex businesses.
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