Lee Enterprises (NYSE:LEE) Stock Price Crosses Above Two Hundred Day Moving Average of $10.27

Lee Enterprises, Incorporated (NYSE:LEE)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.27 and traded as high as $12.88. Lee Enterprises shares last traded at $12.87, with a volume of 2,050 shares traded.

Wall Street Analysts Forecast Growth

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

Lee Enterprises Stock Up 0.5 %

The firm has a market cap of $79.06 million, a price-to-earnings ratio of -13.41 and a beta of 1.18. The business’s 50 day moving average price is $11.63 and its 200 day moving average price is $10.27. 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 (NYSE:LEE) last issued its quarterly earnings data on Thursday, February 1st. The company reported $0.12 EPS for the quarter. The business 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%.

Insider Transactions at Lee Enterprises

In other news, major shareholder Digital Ltd Quint acquired 17,000 shares of the company’s stock in a transaction dated Tuesday, March 26th. The shares were acquired at an average price of $15.61 per share, with a total value of $265,370.00. Following the purchase, the insider now directly owns 763,000 shares of the company’s stock, valued at $11,910,430. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Insiders have bought 85,599 shares of company stock valued at $1,177,335 in the last 90 days. 11.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wittenberg Investment Management Inc. purchased a new position in shares of Lee Enterprises during the 3rd quarter valued at approximately $1,210,000. Gamco Investors INC. ET AL lifted its position in shares of Lee Enterprises by 17.8% during the 3rd quarter. Gamco Investors INC. ET AL now owns 73,950 shares of the company’s stock valued at $792,000 after buying an additional 11,200 shares in the last quarter. Gabelli Funds LLC lifted its position in shares of Lee Enterprises by 8.2% during the 3rd quarter. Gabelli Funds LLC now owns 46,000 shares of the company’s stock valued at $493,000 after buying an additional 3,500 shares in the last quarter. Teton Advisors Inc. lifted its position in shares of Lee Enterprises by 27.7% during the 3rd quarter. Teton Advisors Inc. now owns 30,000 shares of the company’s stock valued at $321,000 after buying an additional 6,500 shares in the last quarter. Finally, Stifel Financial Corp lifted its position in shares of Lee Enterprises by 49.6% during the 3rd quarter. Stifel Financial Corp now owns 18,740 shares of the company’s stock valued at $201,000 after buying an additional 6,215 shares in the last quarter. Hedge funds and other institutional investors own 39.20% of the company’s stock.

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.