Lee Enterprises (NYSE:LEE) Downgraded by StockNews.com

Lee Enterprises (NYSE:LEEGet Rating) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued on Tuesday.

Other research analysts also recently issued reports about the stock. Noble Financial initiated coverage on shares of Lee Enterprises in a research note on Wednesday, January 19th. They set an “outperform” rating on the stock. Citigroup initiated coverage on shares of Lee Enterprises in a research note on Wednesday, January 19th. They set an “outperform” rating and a $50.00 price objective on the stock.

LEE opened at $25.17 on Tuesday. The company has a fifty day simple moving average of $29.73 and a 200 day simple moving average of $29.32. The firm has a market cap of $149.94 million, a price-to-earnings ratio of 7.67 and a beta of 1.36. Lee Enterprises has a twelve month low of $18.45 and a twelve month high of $44.43. The company has a current ratio of 0.76, a quick ratio of 0.72 and a debt-to-equity ratio of 7.33.

Lee Enterprises (NYSE:LEEGet Rating) last released its quarterly earnings results on Thursday, February 3rd. The company reported $0.51 earnings per share for the quarter. Lee Enterprises had a net margin of 2.49% and a return on equity of 39.96%. The business had revenue of $202.28 million during the quarter, compared to analyst estimates of $200.34 million.

Several institutional investors have recently bought and sold shares of LEE. Strategic Investment Opportunities LLC bought a new position in shares of Lee Enterprises in the 4th quarter worth about $12,818,000. Renaissance Technologies LLC lifted its position in Lee Enterprises by 137.4% in the 4th quarter. Renaissance Technologies LLC now owns 54,771 shares of the company’s stock valued at $1,892,000 after purchasing an additional 31,700 shares during the last quarter. Gamco Investors INC. ET AL bought a new stake in Lee Enterprises in the 4th quarter valued at about $984,000. Walleye Capital LLC bought a new stake in Lee Enterprises in the 4th quarter valued at about $665,000. Finally, O Brien Greene & Co. Inc bought a new stake in Lee Enterprises in the 4th quarter valued at about $553,000. Institutional investors own 45.49% of the company’s stock.

About Lee Enterprises (Get Rating)

Lee Enterprises, Incorporated provides local news and information, and advertising services in the United States. The company offers print and digital editions of daily, weekly, and monthly newspapers and 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.

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