Lee Enterprises, Incorporated (NYSE:LEE - Get Free Report)'s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $12.41 and traded as high as $14.87. Lee Enterprises shares last traded at $14.06, with a volume of 61,565 shares.
Analyst Upgrades and Downgrades
Separately, StockNews.com downgraded Lee Enterprises from a "buy" rating to a "hold" rating in a research report on Wednesday, December 18th.
Check Out Our Latest Research Report on LEE
Lee Enterprises Price Performance
The stock has a 50-day moving average of $16.07 and a two-hundred day moving average of $12.42. The company has a current ratio of 0.92, a quick ratio of 0.87 and a debt-to-equity ratio of 69.34. The firm has a market cap of $85.11 million, a price-to-earnings ratio of -3.15 and a beta of 1.07.
Insider Buying and Selling at Lee Enterprises
In other news, major shareholder Raghav Nath Bahl sold 71,000 shares of the company's stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $15.00, for a total value of $1,065,000.00. Following the transaction, the insider now owns 30,205 shares in the company, valued at $453,075. This represents a 70.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 11.40% of the company's stock.
Institutional Trading of Lee Enterprises
An institutional investor recently raised its position in Lee Enterprises stock. Wittenberg Investment Management Inc. raised its stake in shares of Lee Enterprises, Incorporated (NYSE:LEE - Free Report) by 13.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 121,755 shares of the company's stock after buying an additional 14,715 shares during the period. Wittenberg Investment Management Inc. owned about 1.97% of Lee Enterprises worth $1,060,000 as of its most recent SEC filing. Institutional investors and hedge funds own 39.20% of the company's stock.
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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