Lee Enterprises (NYSE:LEE) Director David Henry Hoffmann Purchases 10,600 Shares of Stock

Lee Enterprises, Incorporated (NYSE:LEE) Director David Henry Hoffmann purchased 10,600 shares of the stock in a transaction on Monday, May 18th. The stock was acquired at an average cost of $8.93 per share, with a total value of $94,658.00. Following the acquisition, the director owned 11,308,749 shares of the company’s stock, valued at approximately $100,987,128.57. This represents a 0.09% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Thursday, May 14th, David Henry Hoffmann purchased 8,100 shares of Lee Enterprises stock. The stock was acquired at an average cost of $7.78 per share, with a total value of $63,018.00.
• On Wednesday, May 13th, David Henry Hoffmann purchased 7,400 shares of Lee Enterprises stock. The stock was acquired at an average cost of $7.99 per share, with a total value of $59,126.00.
• On Tuesday, May 12th, David Henry Hoffmann purchased 8,100 shares of Lee Enterprises stock. The stock was acquired at an average cost of $7.82 per share, with a total value of $63,342.00.
• On Friday, March 13th, David Henry Hoffmann purchased 27,800 shares of Lee Enterprises stock. The stock was acquired at an average cost of $9.35 per share, with a total value of $259,930.00.
• On Wednesday, March 11th, David Henry Hoffmann purchased 27,800 shares of Lee Enterprises stock. The stock was acquired at an average cost of $9.33 per share, with a total value of $259,374.00.
• On Wednesday, March 4th, David Henry Hoffmann purchased 19,000 shares of Lee Enterprises stock. The stock was acquired at an average cost of $9.16 per share, with a total value of $174,040.00.
• On Monday, March 2nd, David Henry Hoffmann acquired 19,000 shares of Lee Enterprises stock. The stock was purchased at an average price of $8.85 per share, with a total value of $168,150.00.
• On Thursday, February 26th, David Henry Hoffmann bought 15,200 shares of Lee Enterprises stock. The shares were purchased at an average cost of $9.03 per share, with a total value of $137,256.00.
• On Wednesday, February 25th, David Henry Hoffmann bought 13,710 shares of Lee Enterprises stock. The shares were purchased at an average cost of $8.64 per share, with a total value of $118,454.40.
• On Monday, February 23rd, David Henry Hoffmann bought 15,200 shares of Lee Enterprises stock. The shares were purchased at an average cost of $8.91 per share, with a total value of $135,432.00.

Lee Enterprises Trading Up 0.2%

Lee Enterprises stock opened at $8.73 on Tuesday. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 69.34. Lee Enterprises, Incorporated has a 52 week low of $3.34 and a 52 week high of $9.97. The company has a market capitalization of $194.07 million, a price-to-earnings ratio of -1.20 and a beta of 0.20. The stock has a 50-day moving average price of $8.49 and a 200 day moving average price of $6.36.

Institutional Investors Weigh In On Lee Enterprises

A number of institutional investors and hedge funds have recently modified their holdings of LEE. Murphy Pohlad Asset Management LLC acquired a new stake in shares of Lee Enterprises during the third quarter worth about $66,000. Teton Advisors LLC raised its position in Lee Enterprises by 13.3% during the fourth quarter. Teton Advisors LLC now owns 17,000 shares of the company’s stock valued at $81,000 after acquiring an additional 2,000 shares in the last quarter. Jane Street Group LLC purchased a new position in Lee Enterprises during the second quarter valued at approximately $86,000. DRW Securities LLC purchased a new position in Lee Enterprises during the fourth quarter valued at approximately $99,000. Finally, Royal Bank of Canada grew its holdings in Lee Enterprises by 15,715.8% in the first quarter. Royal Bank of Canada now owns 29,101 shares of the company’s stock valued at $302,000 after purchasing an additional 28,917 shares during the period. Institutional investors and hedge funds own 39.20% of the company’s stock.

About Lee Enterprises

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.