Lee Enterprises (NYSE:LEE) Director Buys $136,863.00 in Stock

Lee Enterprises, Incorporated (NYSE:LEE) Director David Henry Hoffmann bought 13,700 shares of Lee Enterprises stock in a transaction dated Tuesday, May 26th. The stock was purchased at an average cost of $9.99 per share, with a total value of $136,863.00. Following the completion of the acquisition, the director directly owned 11,364,849 shares in the company, valued at approximately $113,534,841.51. The trade was a 0.12% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Friday, May 22nd, David Henry Hoffmann bought 10,600 shares of Lee Enterprises stock. The stock was purchased at an average cost of $9.56 per share, with a total value of $101,336.00.
• On Wednesday, May 20th, David Henry Hoffmann bought 10,600 shares of Lee Enterprises stock. The stock was purchased at an average cost of $9.79 per share, with a total value of $103,774.00.
• On Monday, May 18th, David Henry Hoffmann bought 10,600 shares of Lee Enterprises stock. The stock was purchased at an average cost of $8.93 per share, with a total value of $94,658.00.
• On Thursday, May 14th, David Henry Hoffmann bought 8,100 shares of Lee Enterprises stock. The stock was purchased at an average cost of $7.78 per share, with a total value of $63,018.00.
• On Wednesday, May 13th, David Henry Hoffmann bought 7,400 shares of Lee Enterprises stock. The stock was purchased at an average cost of $7.99 per share, with a total value of $59,126.00.
• On Tuesday, May 12th, David Henry Hoffmann bought 8,100 shares of Lee Enterprises stock. The stock was purchased at an average cost of $7.82 per share, with a total value of $63,342.00.
• On Friday, March 13th, David Henry Hoffmann acquired 27,800 shares of Lee Enterprises stock. The shares were 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 acquired 27,800 shares of Lee Enterprises stock. The shares were 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 acquired 19,000 shares of Lee Enterprises stock. The shares were 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 acquired 19,000 shares of Lee Enterprises stock. The shares were bought at an average cost of $8.85 per share, with a total value of $168,150.00.

Lee Enterprises Stock Down 7.2%

LEE opened at $10.91 on Friday. The business has a 50 day moving average price of $8.64 and a two-hundred day moving average price of $6.70. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 69.34. The company has a market cap of $242.53 million, a PE ratio of -1.50 and a beta of 0.20. Lee Enterprises, Incorporated has a 52 week low of $3.34 and a 52 week high of $11.88.

Institutional Trading of Lee Enterprises

Several institutional investors and hedge funds have recently added to or reduced their stakes in LEE. Murphy Pohlad Asset Management LLC purchased a new stake in Lee Enterprises during the 3rd quarter valued at approximately $66,000. Teton Advisors LLC raised its stake in Lee Enterprises by 13.3% during the 4th quarter. Teton Advisors LLC now owns 17,000 shares of the company’s stock valued at $81,000 after acquiring an additional 2,000 shares during the last quarter. Jane Street Group LLC purchased a new stake in Lee Enterprises during the 2nd quarter valued at approximately $86,000. DRW Securities LLC purchased a new stake in Lee Enterprises during the 4th quarter valued at approximately $99,000. Finally, Royal Bank of Canada raised its stake in Lee Enterprises by 15,715.8% during the 1st quarter. Royal Bank of Canada now owns 29,101 shares of the company’s stock valued at $302,000 after acquiring an additional 28,917 shares during the last quarter. 39.20% of the stock is owned by hedge funds and other institutional investors.

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.