Gabelli Funds LLC Purchases 10,000 Shares of Lee Enterprises, Incorporated (NYSE:LEE)

Gabelli Funds LLC lifted its position in Lee Enterprises, Incorporated (NYSE:LEE) by 5.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 181,500 shares of the company’s stock after purchasing an additional 10,000 shares during the quarter. Gabelli Funds LLC owned 2.93% of Lee Enterprises worth $2,683,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Truist Financial Corp bought a new position in Lee Enterprises during the fourth quarter valued at approximately $3,251,000. Cannell Capital LLC grew its holdings in shares of Lee Enterprises by 0.6% during the 4th quarter. Cannell Capital LLC now owns 215,158 shares of the company’s stock valued at $3,180,000 after purchasing an additional 1,352 shares during the last quarter. MassMutual Private Wealth & Trust FSB purchased a new position in Lee Enterprises in the 4th quarter worth $214,000. Barclays PLC bought a new stake in Lee Enterprises in the fourth quarter worth $40,000. Finally, Geode Capital Management LLC boosted its position in 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 period. 39.20% of the stock is currently owned by institutional investors.

Lee Enterprises Stock Down 0.2 %

LEE opened at $8.50 on Friday. Lee Enterprises, Incorporated has a 12 month low of $7.57 and a 12 month high of $19.63. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 69.34. The business’s 50-day moving average price is $9.49 and its 200-day moving average price is $12.99. The company has a market cap of $52.62 million, a P/E ratio of -1.17 and a beta of 0.73.

About Lee Enterprises

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.