David Henry Hoffmann Purchases 18,200 Shares of Lee Enterprises (NYSE:LEE) Stock

Lee Enterprises, Incorporated (NYSE:LEE) Director David Henry Hoffmann purchased 18,200 shares of the business’s stock in a transaction on Thursday, June 4th. The shares were acquired at an average cost of $11.08 per share, for a total transaction of $201,656.00. Following the completion of the transaction, the director directly owned 11,492,117 shares in the company, valued at approximately $127,332,656.36. This represents a 0.16% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Monday, June 8th, David Henry Hoffmann purchased 6,925 shares of Lee Enterprises stock. The shares were acquired at an average cost of $10.86 per share, for a total transaction of $75,205.50.
• On Tuesday, May 26th, David Henry Hoffmann purchased 13,700 shares of Lee Enterprises stock. The shares were acquired at an average cost of $9.99 per share, for a total transaction of $136,863.00.
• On Friday, May 22nd, David Henry Hoffmann purchased 10,600 shares of Lee Enterprises stock. The shares were acquired at an average cost of $9.56 per share, for a total transaction of $101,336.00.
• On Wednesday, May 20th, David Henry Hoffmann bought 10,600 shares of Lee Enterprises stock. The stock was purchased at an average cost of $9.79 per share, for a total transaction of $103,774.00.
• On Monday, May 18th, David Henry Hoffmann bought 10,600 shares of Lee Enterprises stock. The stock was purchased at an average cost of $8.93 per share, for a total transaction of $94,658.00.
• On Thursday, May 14th, David Henry Hoffmann bought 8,100 shares of Lee Enterprises stock. The stock was purchased at an average cost of $7.78 per share, for a total transaction of $63,018.00.
• On Wednesday, May 13th, David Henry Hoffmann bought 7,400 shares of Lee Enterprises stock. The stock was purchased at an average cost of $7.99 per share, for a total transaction of $59,126.00.
• On Tuesday, May 12th, David Henry Hoffmann bought 8,100 shares of Lee Enterprises stock. The stock was purchased at an average cost of $7.82 per share, for a total transaction of $63,342.00.
• On Friday, March 13th, David Henry Hoffmann bought 27,800 shares of Lee Enterprises stock. The stock was purchased at an average cost of $9.35 per share, for a total transaction of $259,930.00.
• On Wednesday, March 11th, David Henry Hoffmann bought 27,800 shares of Lee Enterprises stock. The stock was purchased at an average cost of $9.33 per share, for a total transaction of $259,374.00.

Lee Enterprises Stock Down 2.7%

Shares of LEE stock opened at $10.39 on Wednesday. The company has a debt-to-equity ratio of 69.34, a quick ratio of 0.72 and a current ratio of 0.78. The firm’s 50-day moving average is $8.96 and its 200-day moving average is $7.02. The stock has a market cap of $230.97 million, a price-to-earnings ratio of -1.43 and a beta of 0.30. Lee Enterprises, Incorporated has a 52-week low of $3.34 and a 52-week high of $11.88.

Institutional Investors Weigh In On Lee Enterprises

Institutional investors and hedge funds have recently modified their holdings of the company. Jane Street Group LLC bought a new stake in shares of Lee Enterprises in the 2nd quarter valued at about $86,000. Teton Advisors LLC bought a new stake in shares of Lee Enterprises in the 3rd quarter valued at about $82,000. DRW Securities LLC bought a new stake in shares of Lee Enterprises in the 4th quarter valued at about $99,000. Royal Bank of Canada raised its holdings in shares of Lee Enterprises by 15,715.8% in the 1st 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. Finally, Private Advisor Group LLC acquired a new position in Lee Enterprises in the 1st quarter valued at about $430,000. 39.20% of the stock is owned by institutional investors.

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.