Lee Enterprises (NYSE:LEE) Raised to Buy at StockNews.com

StockNews.com upgraded shares of Lee Enterprises (NYSE:LEE) from a hold rating to a buy rating in a research note published on Friday morning.

Lee Enterprises Stock Performance

Shares of LEE stock opened at $12.25 on Friday. The business has a 50 day simple moving average of $12.19 and a 200 day simple moving average of $10.42. The company has a debt-to-equity ratio of 20.47, a current ratio of 0.94 and a quick ratio of 0.87. The firm has a market capitalization of $75.22 million, a price-to-earnings ratio of -6.09 and a beta of 1.22. Lee Enterprises has a 12-month low of $7.56 and a 12-month high of $15.89.

Insider Buying and Selling at Lee Enterprises

In other news, major shareholder Digital Ltd Quint purchased 46,500 shares of the firm’s stock in a transaction on Monday, March 18th. The stock was purchased at an average cost of $12.92 per share, with a total value of $600,780.00. Following the purchase, the insider now owns 704,000 shares in the company, valued at approximately $9,095,680. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders bought 85,500 shares of company stock valued at $1,176,350. 11.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Lee Enterprises

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wittenberg Investment Management Inc. boosted its stake in Lee Enterprises by 8.2% during the 4th quarter. Wittenberg Investment Management Inc. now owns 122,195 shares of the company’s stock valued at $962,000 after purchasing an additional 9,215 shares in the last quarter. Gamco Investors INC. ET AL boosted its stake in 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 purchasing an additional 11,200 shares in the last quarter. Gabelli Funds LLC boosted its stake in Lee Enterprises by 25.0% during the 4th quarter. Gabelli Funds LLC now owns 57,500 shares of the company’s stock valued at $453,000 after purchasing an additional 11,500 shares in the last quarter. Teton Advisors Inc. boosted its stake in 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 purchasing an additional 6,500 shares in the last quarter. Finally, Corsair Capital Management L.P. bought a new stake in shares of Lee Enterprises during the 4th quarter worth $128,000. 39.20% of the stock is owned by institutional investors.

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.