Lee Enterprises, Incorporated (NYSE:LEE - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.34 and traded as high as $18.85. Lee Enterprises shares last traded at $17.17, with a volume of 89,845 shares.
Analyst Upgrades and Downgrades
Separately, StockNews.com downgraded shares of Lee Enterprises from a "buy" rating to a "hold" rating in a research report on Tuesday, October 29th.
Check Out Our Latest Report on Lee Enterprises
Lee Enterprises Price Performance
The firm has a market cap of $103.87 million, a P/E ratio of -5.61 and a beta of 1.07. The company has a quick ratio of 0.87, a current ratio of 0.92 and a debt-to-equity ratio of 69.34. The stock's 50-day moving average is $11.79 and its 200-day moving average is $11.38.
Insider Buying and Selling
In other Lee Enterprises news, major shareholder Raghav Nath Bahl sold 71,000 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $15.00, for a total transaction of $1,065,000.00. Following the transaction, the insider now owns 30,205 shares in the company, valued at $453,075. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 11.40% of the stock is owned by company insiders.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Lee Enterprises stock. Gabelli Funds LLC lifted its holdings in Lee Enterprises, Incorporated (NYSE:LEE - Free Report) by 92.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 110,541 shares of the company's stock after acquiring an additional 53,041 shares during the period. Gabelli Funds LLC owned 1.80% of Lee Enterprises worth $1,474,000 at the end of the most recent reporting period. Institutional investors 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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