David Henry Hoffmann Acquires 7,400 Shares of Lee Enterprises (NYSE:LEE) Stock

Lee Enterprises, Incorporated (NYSE:LEEGet Free Report) Director David Henry Hoffmann bought 7,400 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were purchased at an average cost of $7.99 per share, with a total value of $59,126.00. Following the completion of the acquisition, the director owned 11,281,949 shares in the company, valued at approximately $90,142,772.51. This represents a 0.07% increase in their ownership of the stock. The acquisition 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 Tuesday, May 12th, David Henry Hoffmann purchased 8,100 shares of Lee Enterprises stock. The stock was bought at an average cost of $7.82 per share, with a total value of $63,342.00.
  • On Friday, March 13th, David Henry Hoffmann purchased 27,800 shares of Lee Enterprises stock. The stock was bought at an average cost of $9.35 per share, with a total value of $259,930.00.
  • On Wednesday, March 11th, David Henry Hoffmann purchased 27,800 shares of Lee Enterprises stock. The stock was bought at an average cost of $9.33 per share, with a total value of $259,374.00.
  • On Wednesday, March 4th, David Henry Hoffmann purchased 19,000 shares of Lee Enterprises stock. The stock was bought at an average cost of $9.16 per share, with a total value of $174,040.00.
  • On Monday, March 2nd, David Henry Hoffmann purchased 19,000 shares of Lee Enterprises stock. The stock was bought at an average cost of $8.85 per share, with a total value of $168,150.00.
  • On Thursday, February 26th, David Henry Hoffmann purchased 15,200 shares of Lee Enterprises stock. The stock was bought at an average cost of $9.03 per share, with a total value of $137,256.00.
  • On Wednesday, February 25th, David Henry Hoffmann purchased 13,710 shares of Lee Enterprises stock. The stock was bought at an average cost of $8.64 per share, with a total value of $118,454.40.
  • On Monday, February 23rd, David Henry Hoffmann purchased 15,200 shares of Lee Enterprises stock. The stock was bought at an average cost of $8.91 per share, with a total value of $135,432.00.
  • On Thursday, February 19th, David Henry Hoffmann purchased 10,600 shares of Lee Enterprises stock. The stock was bought at an average cost of $7.81 per share, with a total value of $82,786.00.
  • On Tuesday, February 17th, David Henry Hoffmann purchased 10,600 shares of Lee Enterprises stock. The stock was bought at an average cost of $7.10 per share, with a total value of $75,260.00.

Lee Enterprises Price Performance

Shares of NYSE LEE opened at $8.71 on Friday. The firm has a market cap of $193.71 million, a PE ratio of -1.20 and a beta of 0.20. The firm has a fifty day moving average of $8.49 and a 200 day moving average of $6.32. The company has a debt-to-equity ratio of 69.34, a quick ratio of 0.72 and a current ratio of 0.78. Lee Enterprises, Incorporated has a one year low of $3.34 and a one year high of $9.97.

Institutional Investors Weigh In On Lee Enterprises

Large investors have recently modified their holdings of the business. Gabelli Funds LLC grew its holdings in shares of Lee Enterprises by 2.3% during the third quarter. Gabelli Funds LLC now owns 207,100 shares of the company’s stock worth $1,127,000 after buying an additional 4,618 shares in the last quarter. Private Advisor Group LLC purchased a new stake in shares of Lee Enterprises during the first quarter worth $430,000. Jane Street Group LLC purchased a new stake in shares of Lee Enterprises during the second quarter worth $86,000. DRW Securities LLC purchased a new stake in shares of Lee Enterprises during the fourth quarter worth $99,000. Finally, Royal Bank of Canada grew its holdings in shares of Lee Enterprises by 15,715.8% during the first quarter. Royal Bank of Canada now owns 29,101 shares of the company’s stock worth $302,000 after buying an additional 28,917 shares in the last quarter. Hedge funds and other institutional investors own 39.20% of the company’s stock.

Lee Enterprises Company Profile

(Get Free Report)

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.

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