Lee Enterprises (NYSE:LEE) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Lee Enterprises, Incorporated (NYSE:LEE)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $4.59 and traded as high as $6.17. Lee Enterprises shares last traded at $5.59, with a volume of 55,620 shares changing hands.

Lee Enterprises Stock Up 6.5%

The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 69.34. The firm has a market capitalization of $35.00 million, a price-to-earnings ratio of -0.77 and a beta of 0.55. The stock has a 50 day moving average of $4.66 and a 200 day moving average of $4.59.

Institutional Trading of Lee Enterprises

Institutional investors have recently added to or reduced their stakes in the business. Gamco Investors INC. ET AL lifted its position in shares of Lee Enterprises by 23.8% in the 4th quarter. Gamco Investors INC. ET AL now owns 601,454 shares of the company’s stock worth $2,881,000 after buying an additional 115,779 shares during the last quarter. Teton Advisors LLC raised its stake in Lee Enterprises by 13.3% during the fourth quarter. Teton Advisors LLC now owns 17,000 shares of the company’s stock worth $81,000 after acquiring an additional 2,000 shares during the period. Gabelli Funds LLC lifted its holdings in Lee Enterprises by 9.5% in the fourth quarter. Gabelli Funds LLC now owns 226,800 shares of the company’s stock worth $1,086,000 after acquiring an additional 19,700 shares during the last quarter. Murphy Pohlad Asset Management LLC acquired a new position in Lee Enterprises in the third quarter valued at approximately $66,000. Finally, Jane Street Group LLC bought a new position in shares of Lee Enterprises during the second quarter valued at approximately $86,000. Institutional investors own 39.20% of the company’s stock.

Lee Enterprises Company Profile

Lee Enterprises, Inc is a publicly traded media company based in Davenport, Iowa, with a heritage dating back to 1890 when Alfred W. Lee acquired the Davenport Times-Democrat. Over the decades, the company has grown through acquisitions and organic expansion to become one of the largest regional news publishers in the United States. Lee Enterprises’ shares trade on the New York Stock Exchange under the ticker symbol LEE.

The company’s principal activities center on the production and distribution of local journalism across print and digital channels.