David Henry Hoffmann Acquires 10,600 Shares of Lee Enterprises (NYSE:LEE) Stock

Lee Enterprises, Incorporated (NYSE:LEE) Director David Henry Hoffmann purchased 10,600 shares of the business’s stock in a transaction dated Thursday, February 19th. The stock was bought at an average cost of $7.81 per share, for a total transaction of $82,786.00. Following the purchase, the director owned 10,947,339 shares in the company, valued at $85,498,717.59. This trade represents a 0.10% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, February 23rd, David Henry Hoffmann acquired 15,200 shares of Lee Enterprises stock. The shares were bought at an average cost of $8.91 per share, with a total value of $135,432.00.
• On Tuesday, February 17th, David Henry Hoffmann acquired 10,600 shares of Lee Enterprises stock. The stock was bought 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 stock was bought at an average cost of $7.17 per share, for a total transaction of $43,729.83.

Lee Enterprises Price Performance

Shares of LEE opened at $8.73 on Wednesday. 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 1 year low of $3.34 and a 1 year high of $11.21. The stock’s 50-day moving average price is $5.40 and its two-hundred day moving average price is $4.79. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 69.34.

Institutional Investors Weigh In On Lee Enterprises

Several large investors have recently bought and sold shares of LEE. Wittenberg Investment Management Inc. raised its holdings in Lee Enterprises by 20.1% in the second quarter. Wittenberg Investment Management Inc. now owns 85,043 shares of the company’s stock worth $544,000 after purchasing an additional 14,262 shares during the period. Teton Advisors LLC acquired a new stake in Lee Enterprises during the 3rd quarter worth $82,000. Gabelli Funds LLC grew its stake in Lee Enterprises by 2.3% in the third quarter. Gabelli Funds LLC now owns 207,100 shares of the company’s stock valued at $1,127,000 after acquiring an additional 4,618 shares during the period. Royal Bank of Canada increased its holdings in shares of Lee Enterprises by 15,715.8% in the first quarter. Royal Bank of Canada now owns 29,101 shares of the company’s stock worth $302,000 after acquiring an additional 28,917 shares in the last quarter. Finally, DRW Securities LLC bought a new stake in shares of Lee Enterprises in the fourth quarter worth about $99,000. 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.