Lee Enterprises (NYSE:LEE - Get Free Report) was downgraded by equities researchers at StockNews.com from a "buy" rating to a "hold" rating in a research report issued on Thursday.
Lee Enterprises Stock Performance
LEE traded up $1.46 on Thursday, hitting $18.24. The company had a trading volume of 17,323 shares, compared to its average volume of 29,877. The stock has a market cap of $112.91 million, a price-to-earnings ratio of -6.10 and a beta of 1.07. The company has a debt-to-equity ratio of 69.34, a current ratio of 0.92 and a quick ratio of 0.87. The company's fifty day moving average price is $11.98 and its 200 day moving average price is $11.43. Lee Enterprises has a 1-year low of $7.56 and a 1-year high of $19.63.
Insider Activity at Lee Enterprises
In other Lee Enterprises news, major shareholder Raghav Nath Bahl sold 71,000 shares of the business's stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $15.00, for a total transaction of $1,065,000.00. Following the completion of the transaction, the insider now owns 30,205 shares of the company's stock, valued at $453,075. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 11.40% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Lee Enterprises
A hedge fund recently raised its stake in Lee Enterprises stock. Gamco Investors INC. ET AL raised its holdings in Lee Enterprises, Incorporated (NYSE:LEE - Free Report) by 94.8% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 149,150 shares of the company's stock after buying an additional 72,600 shares during the quarter. Gamco Investors INC. ET AL owned 2.43% of Lee Enterprises worth $1,988,000 at the end of the most recent quarter. 39.20% of the stock is currently owned by institutional investors.
About Lee Enterprises
(
Get Free Report)
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.
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