Research analysts at StockNews.com began coverage on shares of Lee Enterprises (NYSE:LEE - Get Free Report) in a report released on Sunday. The brokerage set a "buy" rating on the stock.
Lee Enterprises Trading Down 2.0 %
Shares of LEE stock traded down $0.18 on Friday, reaching $8.83. The company had a trading volume of 375 shares, compared to its average volume of 23,849. The stock has a market cap of $54.24 million, a PE ratio of -4.39 and a beta of 1.21. The company has a 50-day moving average of $8.76 and a 200-day moving average of $10.96. The company has a current ratio of 0.92, a quick ratio of 0.87 and a debt-to-equity ratio of 69.34. Lee Enterprises has a 12 month low of $7.56 and a 12 month high of $15.89.
Lee Enterprises (NYSE:LEE - Get Free Report) last issued its earnings results on Thursday, August 1st. The company reported ($0.73) EPS for the quarter, missing the consensus estimate of $0.68 by ($1.41). Lee Enterprises had a negative net margin of 2.88% and a negative return on equity of 112.98%. The firm had revenue of $150.58 million during the quarter, compared to the consensus estimate of $165.48 million. During the same period in the previous year, the company posted $0.25 EPS. On average, equities analysts forecast that Lee Enterprises will post -2.02 earnings per share for the current year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Gamco Investors INC. ET AL increased its position in shares of Lee Enterprises by 94.8% during the first quarter. Gamco Investors INC. ET AL now owns 149,150 shares of the company's stock worth $1,988,000 after acquiring an additional 72,600 shares in the last quarter. Gabelli Funds LLC increased its holdings in Lee Enterprises by 92.2% during the 1st quarter. Gabelli Funds LLC now owns 110,541 shares of the company's stock worth $1,474,000 after purchasing an additional 53,041 shares in the last quarter. Finally, Corsair Capital Management L.P. acquired a new stake in shares of Lee Enterprises in the 4th quarter valued at about $128,000. 39.20% of the stock is owned by institutional investors and hedge funds.
Lee Enterprises Company Profile
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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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