Wittenberg Investment Management Inc. Has $544,000 Stock Position in Lee Enterprises, Incorporated $LEE

Wittenberg Investment Management Inc. lifted its stake in Lee Enterprises, Incorporated (NYSE:LEE) by 20.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 85,043 shares of the company’s stock after purchasing an additional 14,262 shares during the period. Wittenberg Investment Management Inc.’s holdings in Lee Enterprises were worth $544,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in LEE. Summit Securities Group LLC bought a new position in Lee Enterprises during the first quarter worth about $42,000. Royal Bank of Canada raised its position 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 acquiring an additional 28,917 shares during the period. Gabelli Funds LLC boosted its stake in Lee Enterprises by 9.1% during the 1st quarter. Gabelli Funds LLC now owns 198,093 shares of the company’s stock worth $2,056,000 after acquiring an additional 16,593 shares during the last quarter. Finally, Gamco Investors INC. ET AL grew its holdings in Lee Enterprises by 28.9% during the first quarter. Gamco Investors INC. ET AL now owns 470,547 shares of the company’s stock valued at $4,884,000 after purchasing an additional 105,607 shares during the period. Institutional investors own 39.20% of the company’s stock.

Lee Enterprises Trading Up 7.2%

LEE opened at $4.49 on Tuesday. The firm’s fifty day moving average is $4.72 and its two-hundred day moving average is $5.54. The firm has a market cap of $28.12 million, a PE ratio of -0.62 and a beta of 0.81. Lee Enterprises, Incorporated has a twelve month low of $3.79 and a twelve month high of $17.49. The company has a debt-to-equity ratio of 69.34, a quick ratio of 0.72 and a current ratio of 0.78.

Lee Enterprises 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.