Herbert Moloney III Sells 24,000 Shares of Lee Enterprises (NYSE:LEE) Stock

Lee Enterprises, Incorporated (NYSE:LEE) Director Herbert Moloney III sold 24,000 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $9.82, for a total transaction of $235,680.00. Following the completion of the transaction, the director owned 23,037 shares of the company’s stock, valued at approximately $226,223.34. The trade was a 51.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Lee Enterprises Price Performance

Shares of LEE stock traded down $0.22 during mid-day trading on Friday, hitting $10.07. The company had a trading volume of 14,098 shares, compared to its average volume of 67,276. Lee Enterprises, Incorporated has a 52-week low of $3.34 and a 52-week high of $11.88. The stock’s 50 day moving average price is $9.02 and its 200-day moving average price is $7.10. The company has a debt-to-equity ratio of 69.34, a current ratio of 0.78 and a quick ratio of 0.72. The company has a market capitalization of $223.86 million, a P/E ratio of -1.38 and a beta of 0.30.

Institutional Investors Weigh In On Lee Enterprises

Large investors have recently bought and sold shares of the business. Gamco Investors INC. ET AL increased its position in Lee Enterprises by 23.8% in the fourth quarter. Gamco Investors INC. ET AL now owns 601,454 shares of the company’s stock worth $2,881,000 after purchasing an additional 115,779 shares during the last quarter. Gabelli Funds LLC lifted its position in shares of Lee Enterprises by 2.2% during the second quarter. Gabelli Funds LLC now owns 202,482 shares of the company’s stock worth $1,296,000 after purchasing an additional 4,389 shares during the last quarter. Royal Bank of Canada lifted its position 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 purchasing an additional 28,917 shares during the last quarter. DRW Securities LLC bought a new position in Lee Enterprises in the 4th quarter worth about $99,000. Finally, Jane Street Group LLC bought a new position in Lee Enterprises in the 2nd quarter worth about $86,000. Institutional investors own 39.20% of the company’s stock.

About Lee Enterprises

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.