Lee Enterprises, Incorporated (NYSE:LEE) Director Acquires $11,570.00 in Stock

Lee Enterprises, Incorporated (NYSE:LEE) Director Steven C. Fletcher bought 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The stock was bought at an average price of $11.57 per share, with a total value of $11,570.00. Following the completion of the acquisition, the director now owns 8,000 shares of the company’s stock, valued at $92,560. This trade represents a 14.29 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Lee Enterprises Trading Down 5.3 %

Shares of LEE stock opened at $10.44 on Friday. The firm has a market capitalization of $64.62 million, a PE ratio of -1.43 and a beta of 1.09. Lee Enterprises, Incorporated has a 1-year low of $7.57 and a 1-year high of $19.63. The business’s fifty day moving average price is $13.46 and its 200 day moving average price is $12.85. The company has a debt-to-equity ratio of 69.34, a current ratio of 0.78 and a quick ratio of 0.72.

Hedge Funds Weigh In On Lee Enterprises

Institutional investors have recently added to or reduced their stakes in the business. MassMutual Private Wealth & Trust FSB purchased a new stake in Lee Enterprises during the fourth quarter worth approximately $214,000. Wittenberg Investment Management Inc. grew its stake in Lee Enterprises by 13.7% during the 3rd quarter. Wittenberg Investment Management Inc. now owns 121,755 shares of the company’s stock valued at $1,060,000 after purchasing an additional 14,715 shares in the last quarter. Northern Trust Corp increased its position in shares of Lee Enterprises by 28.6% in the 4th quarter. Northern Trust Corp now owns 24,755 shares of the company’s stock worth $366,000 after purchasing an additional 5,508 shares during the last quarter. Barclays PLC acquired a new stake in Lee Enterprises during the fourth quarter valued at approximately $40,000. Finally, Geode Capital Management LLC lifted its stake in Lee Enterprises by 3.0% during the fourth quarter. Geode Capital Management LLC now owns 46,185 shares of the company’s stock worth $683,000 after purchasing an additional 1,335 shares during the last quarter. 39.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Lee Enterprises from a “buy” rating to a “hold” rating in a research report on Wednesday, December 18th.

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.