Lee Enterprises (NYSE:LEE) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Shares of Lee Enterprises, Incorporated (NYSE:LEE) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $7.95 and traded as high as $8.18. Lee Enterprises shares last traded at $8.15, with a volume of 70,962 shares traded.

Lee Enterprises Stock Down 1.3%

The firm has a 50-day simple moving average of $9.25 and a 200 day simple moving average of $7.98. The stock has a market capitalization of $174.73 million, a P/E ratio of -1.08 and a beta of 0.34. The company has a debt-to-equity ratio of 69.34, a current ratio of 0.78 and a quick ratio of 0.72.

Insider Activity at Lee Enterprises

In other Lee Enterprises news, Director Herbert W. Moloney III sold 24,000 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $9.82, for a total value of $235,680.00. Following the completion of the transaction, the director directly owned 23,037 shares in the company, valued at approximately $226,223.34. This represents a 51.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director David Henry Hoffmann purchased 6,925 shares of the company’s stock in a transaction dated Monday, June 8th. The shares were acquired at an average cost of $10.86 per share, with a total value of $75,205.50. Following the purchase, the director directly owned 11,517,242 shares of the company’s stock, valued at approximately $125,077,248.12. The trade was a 0.06% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have purchased 94,225 shares of company stock worth $898,978. 54.20% of the stock is owned by corporate insiders.

Institutional Trading of Lee Enterprises

Institutional investors have recently modified their holdings of the business. Gamco Investors INC. ET AL increased its holdings in Lee Enterprises by 23.8% in the fourth 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 period. Teton Advisors LLC lifted its holdings in 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 buying an additional 2,000 shares during the period. Gabelli Funds LLC lifted its holdings in Lee Enterprises by 2.2% during the 2nd quarter. Gabelli Funds LLC now owns 202,482 shares of the company’s stock worth $1,296,000 after buying an additional 4,389 shares during the period. Royal Bank of Canada grew its position in shares of Lee Enterprises by 15,715.8% in the 1st quarter. Royal Bank of Canada now owns 29,101 shares of the company’s stock valued at $302,000 after buying an additional 28,917 shares during the last quarter. Finally, DRW Securities LLC bought a new stake in shares of Lee Enterprises in the 4th quarter valued at about $99,000. Institutional investors own 39.20% of the company’s stock.

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.