Lee Enterprises, Incorporated (NYSE:LEE) Director Acquires $11,570.00 in Stock

Lee Enterprises, Incorporated (NYSE:LEE) Director Steven C. Fletcher purchased 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The stock was bought at an average cost of $11.57 per share, with a total value of $11,570.00. Following the completion of the purchase, the director now owns 8,000 shares of the company’s stock, valued at $92,560. This represents a 14.29 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Lee Enterprises Stock Down 2.6 %

LEE traded down $0.30 during midday trading on Thursday, reaching $11.25. The company’s stock had a trading volume of 3,299 shares, compared to its average volume of 29,739. The firm has a market capitalization of $69.64 million, a price-to-earnings ratio of -1.55 and a beta of 1.09. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 69.34. Lee Enterprises, Incorporated has a 1 year low of $7.57 and a 1 year high of $19.63. The stock’s 50-day moving average is $13.57 and its 200-day moving average is $12.86.

Institutional Investors Weigh In On Lee Enterprises

Hedge funds and other institutional investors have recently bought and sold shares of the business. Barclays PLC purchased a new stake in Lee Enterprises in the fourth quarter worth about $40,000. MassMutual Private Wealth & Trust FSB purchased a new stake in Lee Enterprises in the fourth quarter worth about $214,000. Northern Trust Corp grew its holdings in shares of Lee Enterprises by 28.6% during the fourth quarter. Northern Trust Corp now owns 24,755 shares of the company’s stock valued at $366,000 after buying an additional 5,508 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Lee Enterprises by 3.0% during the fourth quarter. Geode Capital Management LLC now owns 46,185 shares of the company’s stock valued at $683,000 after buying an additional 1,335 shares during the last quarter. Finally, Wittenberg Investment Management Inc. grew its holdings in shares of Lee Enterprises by 13.7% during the third quarter. Wittenberg Investment Management Inc. now owns 121,755 shares of the company’s stock valued at $1,060,000 after buying an additional 14,715 shares during the last quarter. Hedge funds and other institutional investors own 39.20% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Lee Enterprises from a “buy” rating to a “hold” rating in a research note on Wednesday, December 18th.

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.