Insider Buying: Lee Enterprises (NYSE:LEE) Director Acquires 10,600 Shares of Stock

Lee Enterprises, Incorporated (NYSE:LEEGet Free Report) Director David Henry Hoffmann purchased 10,600 shares of Lee Enterprises stock in a transaction that occurred on Wednesday, May 20th. The stock was acquired at an average cost of $9.79 per share, with a total value of $103,774.00. Following the acquisition, the director directly owned 11,329,949 shares in the company, valued at $110,920,200.71. This trade represents a 0.09% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

  • On Monday, May 18th, David Henry Hoffmann acquired 10,600 shares of Lee Enterprises stock. The stock was 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 acquired 8,100 shares of Lee Enterprises stock. The stock was acquired at an average price of $7.78 per share, with a total value of $63,018.00.
  • On Wednesday, May 13th, David Henry Hoffmann bought 7,400 shares of Lee Enterprises stock. The shares were acquired at an average cost of $7.99 per share, with a total value of $59,126.00.
  • On Tuesday, May 12th, David Henry Hoffmann bought 8,100 shares of Lee Enterprises stock. The shares were acquired at an average price 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 stock was bought 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 stock was bought at an average cost of $9.33 per share, for a total transaction of $259,374.00.
  • On Wednesday, March 4th, David Henry Hoffmann purchased 19,000 shares of Lee Enterprises stock. The stock was bought at an average cost of $9.16 per share, with a total value of $174,040.00.
  • On Monday, March 2nd, David Henry Hoffmann acquired 19,000 shares of Lee Enterprises stock. The shares were bought at an average price of $8.85 per share, with a total value of $168,150.00.
  • On Thursday, February 26th, David Henry Hoffmann acquired 15,200 shares of Lee Enterprises stock. The shares were bought at an average cost of $9.03 per share, for a total transaction of $137,256.00.
  • On Wednesday, February 25th, David Henry Hoffmann bought 13,710 shares of Lee Enterprises stock. The stock was bought at an average price of $8.64 per share, for a total transaction of $118,454.40.

Lee Enterprises Price Performance

Shares of LEE stock traded down $0.14 on Thursday, reaching $9.37. 69,967 shares of the company were exchanged, compared to its average volume of 65,972. Lee Enterprises, Incorporated has a 1 year low of $3.34 and a 1 year high of $10.09. 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 business has a 50-day moving average price of $8.49 and a 200 day moving average price of $6.43. The company has a market cap of $208.23 million, a price-to-earnings ratio of -1.30 and a beta of 0.20.

Institutional Trading of Lee Enterprises

Several large investors have recently made changes to their positions in LEE. Gamco Investors INC. ET AL boosted its holdings in Lee Enterprises by 23.8% in the 4th quarter. Gamco Investors INC. ET AL now owns 601,454 shares of the company’s stock valued at $2,881,000 after purchasing an additional 115,779 shares during the last quarter. Private Advisor Group LLC acquired a new stake in shares of Lee Enterprises during the 1st quarter worth approximately $430,000. Royal Bank of Canada increased its holdings 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. DRW Securities LLC purchased a new stake in shares of Lee Enterprises during the 4th quarter valued at approximately $99,000. Finally, Gabelli Funds LLC lifted its holdings in Lee Enterprises by 9.5% in the fourth quarter. Gabelli Funds LLC now owns 226,800 shares of the company’s stock valued at $1,086,000 after acquiring an additional 19,700 shares during the last quarter. 39.20% of the stock is currently owned by hedge funds and other institutional investors.

About Lee Enterprises

(Get Free Report)

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.

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