David Henry Hoffmann Purchases 15,200 Shares of Lee Enterprises (NYSE:LEE) Stock

Lee Enterprises, Incorporated (NYSE:LEE) Director David Henry Hoffmann purchased 15,200 shares of the business’s stock in a transaction dated Monday, February 23rd. The shares were purchased at an average cost of $8.91 per share, for a total transaction of $135,432.00. Following the completion of the purchase, the director directly owned 10,973,139 shares of the company’s stock, valued at approximately $97,770,668.49. This represents a 0.14% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

David Henry Hoffmann also recently made the following trade(s):

• On Thursday, February 19th, David Henry Hoffmann acquired 10,600 shares of Lee Enterprises stock. The stock was purchased at an average cost of $7.81 per share, with a total value of $82,786.00.
• On Tuesday, February 17th, David Henry Hoffmann acquired 10,600 shares of Lee Enterprises stock. The stock was acquired at an average price of $7.10 per share, with a total value of $75,260.00.
• On Friday, February 13th, David Henry Hoffmann bought 6,099 shares of Lee Enterprises stock. The shares were acquired at an average price of $7.17 per share, for a total transaction of $43,729.83.

Lee Enterprises Trading Up 4.6%

Shares of NYSE LEE opened at $8.73 on Wednesday. The firm has a 50 day moving average price of $5.40 and a two-hundred day moving average price of $4.79. The stock has a market cap of $54.67 million, a P/E ratio of -1.20 and a beta of 0.55. Lee Enterprises, Incorporated has a 52-week low of $3.34 and a 52-week high of $11.21. The company has a debt-to-equity ratio of 69.34, a quick ratio of 0.72 and a current ratio of 0.78.

Hedge Funds Weigh In On Lee Enterprises

A number of hedge funds and other institutional investors have recently made changes to their positions in LEE. DRW Securities LLC bought a new stake in Lee Enterprises in the fourth quarter worth approximately $99,000. Gamco Investors INC. ET AL increased its stake 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 valued at $2,881,000 after acquiring an additional 115,779 shares in the last quarter. Teton Advisors LLC grew its holdings in Lee Enterprises by 13.3% in the fourth quarter. Teton Advisors LLC now owns 17,000 shares of the company’s stock worth $81,000 after purchasing an additional 2,000 shares during the period. Gabelli Funds LLC increased its stake in Lee Enterprises by 9.5% in the fourth quarter. Gabelli Funds LLC now owns 226,800 shares of the company’s stock valued at $1,086,000 after purchasing an additional 19,700 shares in the last quarter. Finally, Murphy Pohlad Asset Management LLC acquired a new position in shares of Lee Enterprises during the third quarter valued at about $66,000. 39.20% of the stock is owned by institutional investors and hedge funds.

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.