Lee Enterprises (NYSE:LEE) Director David Henry Hoffmann Buys 7,028 Shares of Stock

Lee Enterprises, Incorporated (NYSE:LEE) Director David Hoffmann acquired 7,028 shares of the company’s stock in a transaction that occurred on Tuesday, November 10th. The shares were bought at an average cost of $6.96 per share, for a total transaction of $48,914.88. Following the transaction, the director owned 11,537,609 shares of the company’s stock, valued at $80,301,758.64. This represents a 0.06% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Lee Enterprises Price Performance

LEE opened at $7.13 on Friday. The firm has a market capitalization of $158.94 million, a PE ratio of -0.98 and a beta of 0.45. 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 business’s 50-day moving average is $6.94 and its two-hundred day moving average is $8.03. Lee Enterprises, Incorporated has a 1 year low of $3.34 and a 1 year high of $11.88.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. BlackRock Inc. acquired a new stake in Lee Enterprises in the second quarter valued at approximately $3,259,000. Cannell Capital LLC purchased a new position in Lee Enterprises in the second quarter worth $3,085,367. State of Wyoming purchased a new position in Lee Enterprises in the third quarter worth $287,000. Private Advisor Group LLC increased its position in shares of Lee Enterprises by 119.3% during the third quarter. Private Advisor Group LLC now owns 741,300 shares of the company’s stock worth $5,152,000 after purchasing an additional 403,300 shares in the last quarter. Finally, NewEdge Advisors LLC acquired a new position in shares of Lee Enterprises during the second quarter worth $113,000. Institutional investors own 39.20% of the company’s stock.

Lee Enterprises Company Profile

Lee Enterprises is a media company focused on local news and information. It publishes newspapers and operates digital news websites, providing coverage of community, regional and national events, along with advertising and marketing services for businesses. Founded in Iowa in 1890 and headquartered in Davenport, Lee serves communities across the United States. Its portfolio includes local and regional publications, including newspapers acquired from Berkshire Hathaway in 2020, and their associated digital platforms.