Lee Enterprises, Incorporated $LEE Shares Acquired by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL raised its stake in shares of Lee Enterprises, Incorporated (NYSE:LEE) by 23.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 601,454 shares of the company’s stock after purchasing an additional 115,779 shares during the period. Gamco Investors INC. ET AL owned 0.10% of Lee Enterprises worth $2,881,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Murphy Pohlad Asset Management LLC acquired a new position in Lee Enterprises during the third quarter worth approximately $66,000. Teton Advisors LLC increased its position in Lee Enterprises by 13.3% during the fourth quarter. Teton Advisors LLC now owns 17,000 shares of the company’s stock worth $81,000 after purchasing an additional 2,000 shares during the last quarter. Jane Street Group LLC acquired a new position in Lee Enterprises during the second quarter worth approximately $86,000. Royal Bank of Canada increased its position in 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. Finally, Gabelli Funds LLC increased its position in Lee Enterprises by 9.5% during the fourth quarter. Gabelli Funds LLC now owns 226,800 shares of the company’s stock worth $1,086,000 after purchasing an additional 19,700 shares during the last quarter. Institutional investors and hedge funds own 39.20% of the company’s stock.

Insider Buying and Selling

In related news, Director Brent Magid sold 26,804 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $9.08, for a total transaction of $243,380.32. Following the completion of the transaction, the director owned 8,760 shares of the company’s stock, valued at approximately $79,540.80. This represents a 75.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director David Henry Hoffmann acquired 27,800 shares of the company’s stock in a transaction dated Friday, March 13th. The stock was acquired at an average cost of $9.35 per share, with a total value of $259,930.00. Following the transaction, the director directly owned 11,266,449 shares of the company’s stock, valued at approximately $105,341,298.15. This represents a 0.25% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders purchased 202,364 shares of company stock valued at $1,805,507. Insiders own 54.20% of the company’s stock.

Lee Enterprises Stock Performance

Shares of LEE stock opened at $9.51 on Thursday. Lee Enterprises, Incorporated has a one year low of $3.34 and a one year high of $9.97. The company has a debt-to-equity ratio of 69.34, a quick ratio of 0.72 and a current ratio of 0.78. The company has a 50 day moving average price of $8.49 and a 200 day moving average price of $6.43. The firm has a market capitalization of $211.41 million, a price-to-earnings ratio of -1.31 and a beta of 0.20.

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.