Lee Enterprises (NYSE:LEE) Stock Price Crosses Above Two Hundred Day Moving Average of $10.27

Lee Enterprises, Incorporated (NYSE:LEE)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.27 and traded as high as $12.88. Lee Enterprises shares last traded at $12.87, with a volume of 2,050 shares changing hands.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Lee Enterprises from a “buy” rating to a “hold” rating in a report on Wednesday, February 14th.

Lee Enterprises Price Performance

The company has a quick ratio of 0.87, a current ratio of 0.94 and a debt-to-equity ratio of 20.47. The firm has a market cap of $79.06 million, a PE ratio of -13.41 and a beta of 1.18. The firm’s fifty day simple moving average is $11.63 and its two-hundred day simple moving average is $10.27.

Lee Enterprises (NYSE:LEE) last released its earnings results on Thursday, February 1st. The company reported $0.12 EPS for the quarter. Lee Enterprises had a negative net margin of 0.86% and a negative return on equity of 30.92%. The firm had revenue of $155.68 million for the quarter.

Insider Transactions at Lee Enterprises

In related news, major shareholder Digital Ltd Quint bought 17,000 shares of the stock in a transaction dated Tuesday, March 26th. The shares were purchased at an average price of $15.61 per share, with a total value of $265,370.00. Following the completion of the acquisition, the insider now owns 763,000 shares of the company’s stock, valued at $11,910,430. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Over the last quarter, insiders have purchased 85,599 shares of company stock valued at $1,177,335. 11.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Lee Enterprises

Several large investors have recently bought and sold shares of LEE. Barclays PLC bought a new stake in Lee Enterprises in the fourth quarter worth $36,000. Captrust Financial Advisors bought a new position in Lee Enterprises during the second quarter valued at $105,000. Corsair Capital Management L.P. bought a new position in Lee Enterprises during the fourth quarter valued at $128,000. Susquehanna International Group LLP bought a new position in Lee Enterprises during the first quarter valued at $135,000. Finally, Northern Trust Corp bought a new position in Lee Enterprises during the fourth quarter valued at $138,000. Institutional investors own 39.20% of the company’s stock.

Lee Enterprises Company Profile

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.