Lee Enterprises, Incorporated (NYSE:LEE) Director Steven C. Fletcher Purchases 1,000 Shares

Lee Enterprises, Incorporated (NYSE:LEE) Director Steven C. Fletcher acquired 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The stock was bought at an average price of $11.57 per share, with a total value of $11,570.00. Following the completion of the acquisition, the director now directly owns 8,000 shares of the company’s stock, valued at $92,560. This trade represents a 14.29 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Lee Enterprises Stock Performance

Shares of Lee Enterprises stock opened at $10.44 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 business has a 50-day moving average price of $13.35 and a two-hundred day moving average price of $12.89. Lee Enterprises, Incorporated has a 1-year low of $7.57 and a 1-year high of $19.63. The company has a market cap of $64.63 million, a P/E ratio of -1.43 and a beta of 1.09.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Lee Enterprises from a “buy” rating to a “hold” rating in a report on Wednesday, December 18th.

Institutional Trading of Lee Enterprises

A number of large investors have recently bought and sold shares of LEE. Truist Financial Corp acquired a new stake in Lee Enterprises during the 4th quarter worth about $3,251,000. Gamco Investors INC. ET AL grew its holdings in Lee Enterprises by 5.7% during the 4th quarter. Gamco Investors INC. ET AL now owns 364,940 shares of the company’s stock worth $5,394,000 after acquiring an additional 19,800 shares during the period. Wittenberg Investment Management Inc. grew its holdings in Lee Enterprises by 13.7% during the 3rd quarter. Wittenberg Investment Management Inc. now owns 121,755 shares of the company’s stock worth $1,060,000 after acquiring an additional 14,715 shares during the period. MassMutual Private Wealth & Trust FSB acquired a new stake in Lee Enterprises during the 4th quarter worth about $214,000. Finally, Gabelli Funds LLC grew its holdings in Lee Enterprises by 5.8% during the 4th quarter. Gabelli Funds LLC now owns 181,500 shares of the company’s stock worth $2,683,000 after acquiring an additional 10,000 shares during the period. 39.20% of the stock is currently owned by institutional investors and hedge funds.

About Lee Enterprises

Lee Enterprises, Incorporated provides local news and information, and advertising services in the United States. The company offers digital subscription platforms; daily, weekly, and monthly newspapers and niche publications; and web hosting and content management services. It also provides advertising and marketing services, such as audience extension, search engine optimization, search engine marketing, web and mobile production, social media services, and reputation monitoring and management.