Lee Enterprises (NYSE:LEE) Stock: Insider David Henry Hoffmann Acquires 7,028 Shares

Lee Enterprises, Incorporated (NYSE:LEE) Director David Hoffmann purchased 7,028 shares of the company’s stock in a transaction dated Tuesday, November 10th. The shares were acquired at an average cost of $6.96 per share, for a total transaction of $48,914.88. Following the transaction, the director owned 11,537,609 shares of the company’s stock, valued at $80,301,758.64. This trade represents a 0.06% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Lee Enterprises Stock Up 3.5%

Shares of NYSE:LEE traded up $0.24 during trading on Thursday, hitting $7.13. 26,427 shares of the company’s stock traded hands, compared to its average volume of 59,833. Lee Enterprises, Incorporated has a 52 week low of $3.34 and a 52 week high of $11.88. 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 company has a market cap of $158.94 million, a price-to-earnings ratio of -0.98 and a beta of 0.45. The company has a 50-day moving average price of $6.96 and a 200-day moving average price of $8.02.

Institutional Investors Weigh In On Lee Enterprises

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Deutsche Bank AG bought a new stake in shares of Lee Enterprises in the second quarter valued at about $59,000. NewEdge Advisors LLC bought a new position in shares of Lee Enterprises during the second quarter worth about $113,000. State of Wyoming bought a new position in shares of Lee Enterprises during the third quarter worth about $287,000. Private Advisor Group LLC acquired a new stake in Lee Enterprises in the 1st quarter valued at approximately $430,000. Finally, Cannell Capital LLC acquired a new stake in Lee Enterprises in the 2nd quarter valued at approximately $3,085,367. 39.20% of the stock is currently owned by institutional investors and hedge funds.

About Lee Enterprises

Lee Enterprises, Inc. is a media company that publishes local newspapers and operates digital news and information platforms. Its products include daily and weekly newspapers, news websites, mobile applications, email newsletters, magazines and other specialty publications. The company also provides advertising, marketing and audience-engagement services to businesses and organizations. Lee serves communities primarily across the United States, with local media operations covering regional news, business, sports, government, lifestyle and other topics.