Lee Enterprises, Incorporated (NYSE:LEE) Director Purchases $11,570.00 in Stock

Lee Enterprises, Incorporated (NYSE:LEE) Director Steven C. Fletcher bought 1,000 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The stock was purchased at an average cost of $11.57 per share, for a total transaction of $11,570.00. Following the transaction, the director now directly owns 8,000 shares of the company’s stock, valued at $92,560. The trade was a 14.29 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Lee Enterprises Stock Down 5.3 %

Shares of LEE opened at $10.44 on Friday. Lee Enterprises, Incorporated has a 52 week low of $7.57 and a 52 week high of $19.63. The stock has a market capitalization of $64.63 million, a price-to-earnings ratio of -1.43 and a beta of 1.09. 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 stock has a fifty day moving average of $13.35 and a 200-day moving average of $12.89.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of LEE. Barclays PLC bought a new position in shares of Lee Enterprises in the 4th quarter valued at $40,000. MassMutual Private Wealth & Trust FSB bought a new position in shares of Lee Enterprises in the 4th quarter valued at $214,000. Northern Trust Corp lifted its stake in shares of Lee Enterprises by 28.6% in the 4th quarter. Northern Trust Corp now owns 24,755 shares of the company’s stock valued at $366,000 after acquiring an additional 5,508 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Lee Enterprises by 3.0% in the 4th quarter. Geode Capital Management LLC now owns 46,185 shares of the company’s stock valued at $683,000 after acquiring an additional 1,335 shares during the last quarter. Finally, Wittenberg Investment Management Inc. lifted its stake in shares of Lee Enterprises by 13.7% in the 3rd quarter. Wittenberg Investment Management Inc. now owns 121,755 shares of the company’s stock valued at $1,060,000 after acquiring an additional 14,715 shares during the last quarter. 39.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com cut Lee Enterprises from a “buy” rating to a “hold” rating in a research note on Wednesday, December 18th.

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.