Hancock Whitney Corp acquired a new stake in shares of Lee Enterprises, Incorporated (NYSE:LEE) during the third quarter, Holdings Channel.com reports. The fund acquired 79,855 shares of the company’s stock, valued at approximately $163,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. KBC Group NV purchased a new position in Lee Enterprises during the second quarter valued at approximately $28,000. Tower Research Capital LLC TRC purchased a new position in Lee Enterprises during the second quarter valued at approximately $32,000. A.R.T. Advisors LLC purchased a new position in Lee Enterprises during the second quarter valued at approximately $37,000. Stone Ridge Asset Management LLC purchased a new position in Lee Enterprises during the second quarter valued at approximately $53,000. Finally, United Capital Financial Advisers LLC purchased a new position in Lee Enterprises during the second quarter valued at approximately $56,000. 45.39% of the stock is currently owned by hedge funds and other institutional investors.
Shares of LEE opened at $1.79 on Thursday. The company’s 50 day moving average price is $1.94 and its 200 day moving average price is $2.22. Lee Enterprises, Incorporated has a 52 week low of $1.75 and a 52 week high of $3.69. The company has a market capitalization of $106.97 million, a PE ratio of 5.78 and a beta of 1.38.
Lee Enterprises (NYSE:LEE) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.05 EPS for the quarter. Lee Enterprises had a net margin of 3.33% and a negative return on equity of 63.97%. The firm had revenue of $127.28 million for the quarter.
Separately, TheStreet downgraded shares of Lee Enterprises from a “c” rating to a “d” rating in a research report on Thursday, July 18th.
In other Lee Enterprises news, Director William E. Mayer sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $2.14, for a total value of $214,000.00. Following the completion of the sale, the director now directly owns 121,979 shares of the company’s stock, valued at $261,035.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 8.80% of the company’s stock.
About Lee Enterprises
Lee Enterprises, Incorporated provides local news and information, and advertising services in the United States. The company offers daily and community newspapers, news websites, mobile applications and news, and video products; and digital services, including Web hosting and content management. It also provides advertising and marketing services, such as retail, classified, national, and digital advertising services, as well as custom digital marketing services to small, medium sized, and large complex businesses.
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