Lee Enterprises (NYSE:LEE) Director Purchases $201,656.00 in Stock

Lee Enterprises, Incorporated (NYSE:LEE) Director David Henry Hoffmann purchased 18,200 shares of Lee Enterprises stock in a transaction dated Thursday, June 4th. The stock was bought at an average price of $11.08 per share, with a total value of $201,656.00. Following the acquisition, the director directly owned 11,492,117 shares of the company’s stock, valued at approximately $127,332,656.36. This trade represents a 0.16% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Monday, June 8th, David Henry Hoffmann purchased 6,925 shares of Lee Enterprises stock. The stock was bought at an average price of $10.86 per share, with a total value of $75,205.50.
• On Tuesday, May 26th, David Henry Hoffmann purchased 13,700 shares of Lee Enterprises stock. The stock was bought at an average price of $9.99 per share, with a total value of $136,863.00.
• On Friday, May 22nd, David Henry Hoffmann acquired 10,600 shares of Lee Enterprises stock. The stock was acquired at an average cost of $9.56 per share, for a total transaction of $101,336.00.
• On Wednesday, May 20th, David Henry Hoffmann purchased 10,600 shares of Lee Enterprises stock. The shares were acquired at an average cost of $9.79 per share, for a total transaction of $103,774.00.
• On Monday, May 18th, David Henry Hoffmann purchased 10,600 shares of Lee Enterprises stock. The shares were acquired at an average cost of $8.93 per share, for a total transaction of $94,658.00.
• On Thursday, May 14th, David Henry Hoffmann purchased 8,100 shares of Lee Enterprises stock. The shares were acquired at an average cost of $7.78 per share, for a total transaction of $63,018.00.
• On Wednesday, May 13th, David Henry Hoffmann purchased 7,400 shares of Lee Enterprises stock. The shares were acquired at an average cost of $7.99 per share, for a total transaction of $59,126.00.
• On Tuesday, May 12th, David Henry Hoffmann purchased 8,100 shares of Lee Enterprises stock. The shares were acquired at an average cost of $7.82 per share, for a total transaction of $63,342.00.
• On Friday, March 13th, David Henry Hoffmann purchased 27,800 shares of Lee Enterprises stock. The shares were acquired at an average cost of $9.35 per share, for a total transaction of $259,930.00.
• On Wednesday, March 11th, David Henry Hoffmann purchased 27,800 shares of Lee Enterprises stock. The shares were acquired at an average cost of $9.33 per share, for a total transaction of $259,374.00.

Lee Enterprises Stock Up 3.1%

NYSE:LEE traded up $0.32 on Monday, hitting $10.68. 47,239 shares of the company’s stock were exchanged, compared to its average volume of 67,625. The firm has a 50-day moving average price of $8.88 and a 200-day moving average price of $6.93. The company has a debt-to-equity ratio of 69.34, a current ratio of 0.78 and a quick ratio of 0.72. Lee Enterprises, Incorporated has a 52 week low of $3.34 and a 52 week high of $11.88. The company has a market cap of $237.42 million, a P/E ratio of -1.47 and a beta of 0.31.

Institutional Trading of Lee Enterprises

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Gamco Investors INC. ET AL raised its position in Lee Enterprises by 23.8% during the fourth quarter. Gamco Investors INC. ET AL now owns 601,454 shares of the company’s stock worth $2,881,000 after acquiring an additional 115,779 shares in the last quarter. DRW Securities LLC acquired a new stake in shares of Lee Enterprises during the 4th quarter worth about $99,000. Jane Street Group LLC acquired a new stake in shares of Lee Enterprises during the 2nd quarter worth about $86,000. Gabelli Funds LLC lifted its stake in shares of Lee Enterprises by 2.2% during the 2nd quarter. Gabelli Funds LLC now owns 202,482 shares of the company’s stock worth $1,296,000 after buying an additional 4,389 shares during the last quarter. Finally, Royal Bank of Canada lifted its stake in shares of Lee Enterprises by 15,715.8% during the 1st quarter. Royal Bank of Canada now owns 29,101 shares of the company’s stock worth $302,000 after buying an additional 28,917 shares during the last quarter. 39.20% of the stock is owned by institutional investors.

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.