Teton Advisors Inc. Lowers Holdings in Lee Enterprises, Incorporated (NYSE:LEE)

Teton Advisors Inc. trimmed its holdings in Lee Enterprises, Incorporated (NYSE:LEE) by 20.5% in the 4th quarter, HoldingsChannel reports. The firm owned 15,100 shares of the company’s stock after selling 3,900 shares during the quarter. Teton Advisors Inc.’s holdings in Lee Enterprises were worth $223,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. MassMutual Private Wealth & Trust FSB purchased a new position in Lee Enterprises during the fourth quarter valued at $214,000. Truist Financial Corp purchased a new position in shares of Lee Enterprises during the fourth quarter valued at about $3,251,000. Geode Capital Management LLC increased its holdings in shares of Lee Enterprises by 3.0% in 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. Cannell Capital LLC boosted its stake in Lee Enterprises by 0.6% during the fourth quarter. Cannell Capital LLC now owns 215,158 shares of the company’s stock valued at $3,180,000 after buying an additional 1,352 shares during the last quarter. Finally, Barclays PLC bought a new stake in Lee Enterprises in the 4th quarter worth approximately $40,000. 39.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Lee Enterprises Stock Down 3.4 %

Shares of NYSE LEE opened at $8.65 on Tuesday. The stock has a market capitalization of $53.55 million, a price-to-earnings ratio of -1.19 and a beta of 0.73. Lee Enterprises, Incorporated has a 12-month low of $7.57 and a 12-month high of $19.63. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 69.34. The firm’s 50-day moving average price is $9.77 and its 200-day moving average price is $13.06.

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.