Separately, Zacks Investment Research raised Lee Enterprises, from a sell rating to a hold rating in a research report on Thursday, July 6th.
Shares of Lee Enterprises, (LEE) opened at 2.40 on Monday. The firm has a market capitalization of $136.12 million, a PE ratio of 5.41 and a beta of 2.14. The firm’s 50 day moving average is $2.16 and its 200-day moving average is $2.16. Lee Enterprises, has a one year low of $1.75 and a one year high of $3.65.
Lee Enterprises, (NYSE:LEE) last issued its earnings results on Thursday, August 3rd. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). The firm had revenue of $139.36 million during the quarter. Lee Enterprises, had a negative return on equity of 16.83% and a net margin of 4.30%. On average, equities research analysts predict that Lee Enterprises, will post $0.42 earnings per share for the current fiscal year.
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A number of hedge funds have recently modified their holdings of the stock. Graham Capital Management L.P. lifted its position in Lee Enterprises, by 22.1% in the second quarter. Graham Capital Management L.P. now owns 184,528 shares of the company’s stock worth $351,000 after purchasing an additional 33,400 shares during the period. California Public Employees Retirement System lifted its holdings in shares of Lee Enterprises, by 16.8% during the second quarter. California Public Employees Retirement System now owns 233,445 shares of the company’s stock valued at $444,000 after acquiring an additional 33,600 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Lee Enterprises, by 1.3% during the second quarter. Vanguard Group Inc. now owns 1,972,683 shares of the company’s stock valued at $3,749,000 after acquiring an additional 25,157 shares during the period. Phoenix Investment Adviser LLC bought a new position in shares of Lee Enterprises, during the second quarter valued at $193,000. Finally, North Star Investment Management Corp. lifted its holdings in shares of Lee Enterprises, by 21.0% during the second quarter. North Star Investment Management Corp. now owns 1,067,000 shares of the company’s stock valued at $2,027,000 after acquiring an additional 185,000 shares during the period. 31.85% of the stock is owned by hedge funds and other institutional investors.
Lee Enterprises, Company Profile
Lee Enterprises, Incorporated is a provider of local news and information, and a platform for print and digital advertising. The Company’s products included 46 daily and 34 Sunday newspapers, 300 weekly newspapers, and classified and niche publications, as of September 25, 2016. The Company also provides a range of digital products, including video, digital couponing, behavioral targeting, audience retargeting, banner advertisements and social networking.
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