Lee Enterprises (NYSE:LEE) Director Herbert Moloney III Sells 24,000 Shares of Stock

Lee Enterprises, Incorporated (NYSE:LEE) Director Herbert Moloney III sold 24,000 shares of the company’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $9.82, for a total transaction of $235,680.00. Following the transaction, the director owned 23,037 shares in the company, valued at $226,223.34. The trade was a 51.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Lee Enterprises Trading Down 4.0%

Shares of LEE opened at $9.88 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 69.34. The firm’s 50-day moving average is $9.05 and its two-hundred day moving average is $7.12. Lee Enterprises, Incorporated has a twelve month low of $3.34 and a twelve month high of $11.88. The firm has a market capitalization of $219.63 million, a P/E ratio of -1.36 and a beta of 0.31.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC acquired a new position in Lee Enterprises during the second quarter worth about $86,000. Teton Advisors LLC acquired a new position in Lee Enterprises during the third quarter worth about $82,000. DRW Securities LLC acquired a new position in Lee Enterprises during the fourth quarter worth about $99,000. Royal Bank of Canada grew its position in Lee Enterprises by 15,715.8% during the first 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 period. Finally, Private Advisor Group LLC acquired a new position in Lee Enterprises during the first quarter worth about $430,000. 39.20% of the stock is currently owned by institutional investors and hedge funds.

Lee Enterprises Company Profile

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.