Lee Enterprises (NYSE:LEE) Stock Breaks Above Fifty Day Moving Average – Time to Sell?

Lee Enterprises, Incorporated (NYSE:LEE)’s share price passed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $6.97 and traded as high as $7.06. Lee Enterprises shares last traded at $6.99, with a volume of 19,801 shares trading hands.

Lee Enterprises Price Performance

The company has a 50 day moving average of $6.94 and a two-hundred day moving average of $8.03. The firm has a market cap of $158.94 million, a P/E ratio of -0.98 and a beta of 0.45. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 69.34.

Insider Activity at Lee Enterprises

In other Lee Enterprises news, Director David Hoffmann bought 7,028 shares of the company’s stock in a transaction that occurred on Tuesday, November 10th. The shares were acquired at an average cost of $6.96 per share, for a total transaction of $48,914.88. Following the acquisition, the director directly owned 11,537,609 shares of the company’s stock, valued at $80,301,758.64. This trade represents a 0.06% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. 54.20% of the stock is owned by insiders.

Institutional Trading of Lee Enterprises

A number of large investors have recently added to or reduced their stakes in the business. Private Advisor Group LLC grew its position in Lee Enterprises by 119.3% in the third quarter. Private Advisor Group LLC now owns 741,300 shares of the company’s stock worth $5,152,000 after buying an additional 403,300 shares during the last quarter. State of Wyoming bought a new position in shares of Lee Enterprises in the third quarter valued at $287,000. NewEdge Advisors LLC bought a new position in shares of Lee Enterprises in the second quarter valued at $113,000. Cannell Capital LLC acquired a new stake in shares of Lee Enterprises during the 2nd quarter valued at $3,085,367. Finally, BlackRock Inc. acquired a new stake in shares of Lee Enterprises during the 2nd quarter valued at $3,259,000. 39.20% of the stock is currently owned by institutional investors.

About Lee Enterprises

Lee Enterprises, Inc. is a media company that publishes local newspapers and operates digital news and information platforms. Its products include daily and weekly newspapers, news websites, mobile applications, email newsletters, magazines and other specialty publications. The company also provides advertising, marketing and audience-engagement services to businesses and organizations. Lee serves communities primarily across the United States, with local media operations covering regional news, business, sports, government, lifestyle and other topics.