Steven C. Fletcher Acquires 1,000 Shares of Lee Enterprises, Incorporated (NYSE:LEE) Stock

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

Lee Enterprises Trading Down 2.6 %

NYSE LEE traded down $0.30 during trading on Thursday, hitting $11.25. 3,299 shares of the company’s stock traded hands, compared to its average volume of 29,739. The stock has a fifty day moving average of $13.57 and a two-hundred day moving average of $12.86. The company has a debt-to-equity ratio of 69.34, a current ratio of 0.78 and a quick ratio of 0.72. Lee Enterprises, Incorporated has a 12-month low of $7.57 and a 12-month high of $19.63. The firm has a market cap of $69.64 million, a P/E ratio of -1.55 and a beta of 1.09.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Lee Enterprises

Several hedge funds and other institutional investors have recently modified their holdings of LEE. Barclays PLC bought a new position in shares of Lee Enterprises during the fourth quarter valued at about $40,000. MassMutual Private Wealth & Trust FSB bought a new position in shares of Lee Enterprises during the fourth quarter valued at about $214,000. Northern Trust Corp raised its stake in shares of Lee Enterprises by 28.6% during the fourth quarter. Northern Trust Corp now owns 24,755 shares of the company’s stock valued at $366,000 after acquiring an additional 5,508 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Lee Enterprises by 3.0% during the fourth quarter. Geode Capital Management LLC now owns 46,185 shares of the company’s stock valued at $683,000 after acquiring an additional 1,335 shares during the last quarter. Finally, Wittenberg Investment Management Inc. raised its stake in shares of Lee Enterprises by 13.7% during the third quarter. Wittenberg Investment Management Inc. now owns 121,755 shares of the company’s stock valued at $1,060,000 after acquiring an additional 14,715 shares during the last quarter. 39.20% of the stock is owned by institutional investors.

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.