Insider Buying: Lee Enterprises (NYSE:LEE) Director Purchases $63,342.00 in Stock

Lee Enterprises, Incorporated (NYSE:LEE) Director David Henry Hoffmann bought 8,100 shares of the stock in a transaction dated Tuesday, May 12th. The shares were acquired at an average price of $7.82 per share, for a total transaction of $63,342.00. Following the completion of the purchase, the director directly owned 11,274,549 shares in the company, valued at approximately $88,166,973.18. This trade represents a 0.07% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Wednesday, May 13th, David Henry Hoffmann acquired 7,400 shares of Lee Enterprises stock. The stock was purchased at an average cost of $7.99 per share, with a total value of $59,126.00.
• On Friday, March 13th, David Henry Hoffmann acquired 27,800 shares of Lee Enterprises stock. The stock was purchased at an average cost of $9.35 per share, with a total value of $259,930.00.
• On Wednesday, March 11th, David Henry Hoffmann acquired 27,800 shares of Lee Enterprises stock. The stock was purchased at an average cost of $9.33 per share, with a total value of $259,374.00.
• On Wednesday, March 4th, David Henry Hoffmann acquired 19,000 shares of Lee Enterprises stock. The stock was purchased at an average cost of $9.16 per share, with a total value of $174,040.00.
• On Monday, March 2nd, David Henry Hoffmann acquired 19,000 shares of Lee Enterprises stock. The stock was purchased at an average cost of $8.85 per share, with a total value of $168,150.00.
• On Thursday, February 26th, David Henry Hoffmann acquired 15,200 shares of Lee Enterprises stock. The stock was purchased at an average cost of $9.03 per share, with a total value of $137,256.00.
• On Wednesday, February 25th, David Henry Hoffmann acquired 13,710 shares of Lee Enterprises stock. The stock was purchased at an average cost of $8.64 per share, with a total value of $118,454.40.
• On Monday, February 23rd, David Henry Hoffmann acquired 15,200 shares of Lee Enterprises stock. The stock was purchased at an average cost of $8.91 per share, with a total value of $135,432.00.
• On Thursday, February 19th, David Henry Hoffmann acquired 10,600 shares of Lee Enterprises stock. The stock was purchased at an average cost of $7.81 per share, with a total value of $82,786.00.
• On Tuesday, February 17th, David Henry Hoffmann acquired 10,600 shares of Lee Enterprises stock. The stock was purchased at an average cost of $7.10 per share, with a total value of $75,260.00.

Lee Enterprises Trading Up 11.0%

Shares of LEE opened at $8.71 on Friday. The business has a 50-day moving average of $8.49 and a 200 day moving average of $6.32. Lee Enterprises, Incorporated has a fifty-two week low of $3.34 and a fifty-two week high of $9.97. The firm has a market cap of $193.62 million, a P/E ratio of -1.20 and a beta of 0.20. The company has a debt-to-equity ratio of 69.34, a quick ratio of 0.72 and a current ratio of 0.78.

Hedge Funds Weigh In On Lee Enterprises

Hedge funds have recently bought and sold shares of the company. Murphy Pohlad Asset Management LLC purchased a new position in Lee Enterprises during the third quarter valued at approximately $66,000. Jane Street Group LLC purchased a new position in Lee Enterprises during the second quarter valued at approximately $86,000. Teton Advisors LLC purchased a new position in Lee Enterprises during the third quarter valued at approximately $82,000. DRW Securities LLC purchased a new position in Lee Enterprises during the fourth quarter valued at approximately $99,000. Finally, Royal Bank of Canada grew its stake in Lee Enterprises by 15,715.8% during the first 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 in the last quarter. Hedge funds and other institutional investors own 39.20% of the company’s stock.

Lee Enterprises Company Profile

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.