Lee Enterprises (NYSE:LEE) Director David Henry Hoffmann Acquires 13,700 Shares of Stock

Lee Enterprises, Incorporated (NYSE:LEEGet Free Report) Director David Henry Hoffmann purchased 13,700 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was acquired at an average cost of $9.99 per share, for a total transaction of $136,863.00. Following the transaction, the director owned 11,364,849 shares in the company, valued at $113,534,841.51. This represents a 0.12% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

  • On Friday, May 22nd, David Henry Hoffmann bought 10,600 shares of Lee Enterprises stock. The shares were purchased at an average cost of $9.56 per share, for a total transaction of $101,336.00.
  • On Wednesday, May 20th, David Henry Hoffmann bought 10,600 shares of Lee Enterprises stock. The shares were purchased at an average cost of $9.79 per share, for a total transaction of $103,774.00.
  • On Monday, May 18th, David Henry Hoffmann bought 10,600 shares of Lee Enterprises stock. The shares were purchased at an average cost of $8.93 per share, for a total transaction of $94,658.00.
  • On Thursday, May 14th, David Henry Hoffmann bought 8,100 shares of Lee Enterprises stock. The shares were purchased at an average cost of $7.78 per share, for a total transaction of $63,018.00.
  • On Wednesday, May 13th, David Henry Hoffmann bought 7,400 shares of Lee Enterprises stock. The shares were purchased at an average cost of $7.99 per share, for a total transaction of $59,126.00.
  • On Tuesday, May 12th, David Henry Hoffmann bought 8,100 shares of Lee Enterprises stock. The shares were purchased at an average cost of $7.82 per share, for a total transaction of $63,342.00.
  • On Friday, March 13th, David Henry Hoffmann bought 27,800 shares of Lee Enterprises stock. The shares were purchased at an average cost of $9.35 per share, for a total transaction of $259,930.00.
  • On Wednesday, March 11th, David Henry Hoffmann bought 27,800 shares of Lee Enterprises stock. The shares were purchased at an average cost of $9.33 per share, for a total transaction of $259,374.00.
  • On Wednesday, March 4th, David Henry Hoffmann bought 19,000 shares of Lee Enterprises stock. The shares were purchased at an average cost of $9.16 per share, for a total transaction of $174,040.00.
  • On Monday, March 2nd, David Henry Hoffmann bought 19,000 shares of Lee Enterprises stock. The shares were purchased at an average cost of $8.85 per share, for a total transaction of $168,150.00.

Lee Enterprises Price Performance

Lee Enterprises stock opened at $9.91 on Thursday. Lee Enterprises, Incorporated has a 52 week low of $3.34 and a 52 week high of $10.33. The company’s 50 day moving average price is $8.54 and its two-hundred day moving average price is $6.62. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 69.34. The stock has a market cap of $220.30 million, a P/E ratio of -1.36 and a beta of 0.20.

Institutional Investors Weigh In On Lee Enterprises

Several large investors have recently modified their holdings of LEE. Murphy Pohlad Asset Management LLC purchased a new stake in shares of Lee Enterprises during the 3rd quarter worth approximately $66,000. Teton Advisors LLC increased its stake in shares of Lee Enterprises by 13.3% during the 4th quarter. Teton Advisors LLC now owns 17,000 shares of the company’s stock worth $81,000 after purchasing an additional 2,000 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Lee Enterprises during the 2nd quarter worth approximately $86,000. DRW Securities LLC purchased a new stake in shares of Lee Enterprises during the 4th quarter worth approximately $99,000. Finally, Royal Bank of Canada increased 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 purchasing an additional 28,917 shares during the last quarter. Hedge funds and other institutional investors own 39.20% of the company’s stock.

Lee Enterprises Company Profile

(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.

Further Reading

Insider Buying and Selling by Quarter for Lee Enterprises (NYSE:LEE)

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