Lee Enterprises (NYSE:LEE) Stock Crosses Above Two Hundred Day Moving Average - Here's Why

Shares of Lee Enterprises, Incorporated (NYSE:LEE - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.08 and traded as high as $19.63. Lee Enterprises shares last traded at $16.77, with a volume of 150,393 shares.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on Lee Enterprises in a research report on Sunday, October 6th. They issued a "buy" rating for the company.

Lee Enterprises Trading Down 1.6 %

The business's 50 day simple moving average is $10.20 and its 200-day simple moving average is $11.08. The company has a quick ratio of 0.87, a current ratio of 0.92 and a debt-to-equity ratio of 69.34.

Lee Enterprises (NYSE:LEE - Get Free Report) last posted its quarterly earnings results on Thursday, August 1st. The company reported ($0.73) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($1.41). The company had revenue of $150.58 million during the quarter, compared to the consensus estimate of $165.48 million. Lee Enterprises had a negative return on equity of 112.98% and a negative net margin of 2.88%. During the same quarter in the prior year, the business earned $0.25 earnings per share. As a group, equities analysts anticipate that Lee Enterprises, Incorporated will post -2.02 earnings per share for the current year.

Insider Transactions at Lee Enterprises

In related news, major shareholder Raghav Nath Bahl sold 71,000 shares of Lee Enterprises stock in a transaction that occurred 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 transaction, the insider now owns 30,205 shares of the company's stock, valued at $453,075. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 11.40% of the company's stock.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Lee Enterprises stock. Gamco Investors INC. ET AL increased its holdings in shares of Lee Enterprises, Incorporated (NYSE:LEE - Free Report) by 94.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 149,150 shares of the company's stock after purchasing an additional 72,600 shares during the period. Gamco Investors INC. ET AL owned approximately 2.43% of Lee Enterprises worth $1,988,000 at the end of the most recent quarter. Institutional investors and hedge funds own 39.20% of the company's stock.

About Lee Enterprises

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.