Raghav Nath Bahl Sells 71,000 Shares of Lee Enterprises, Incorporated (NYSE:LEE) Stock

Lee Enterprises, Incorporated (NYSE:LEE - Get Free Report) major shareholder Raghav Nath Bahl sold 71,000 shares of the firm's stock in a transaction that occurred on 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 sale, the insider now directly owns 30,205 shares of the company's stock, valued at $453,075. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Large shareholders that own at least 10% of a company's stock are required to disclose their sales and purchases with the SEC.

Lee Enterprises Stock Up 2.2 %

Shares of NYSE:LEE traded up $0.30 on Thursday, reaching $14.00. The company had a trading volume of 13,610 shares, compared to its average volume of 28,450. Lee Enterprises, Incorporated has a 52-week low of $7.56 and a 52-week high of $16.49. The firm's 50 day simple moving average is $9.35 and its 200-day simple moving average is $10.92. The firm has a market capitalization of $86.00 million, a PE ratio of -6.96 and a beta of 1.21. 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 (NYSE:LEE - Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The company reported ($0.73) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 company had revenue of $150.58 million during the quarter, compared to analysts' expectations of $165.48 million. During the same quarter in the prior year, the business posted $0.25 earnings per share. As a group, analysts expect that Lee Enterprises, Incorporated will post -2.02 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Lee Enterprises stock. Gabelli Funds LLC increased its holdings in shares of Lee Enterprises, Incorporated (NYSE:LEE - Free Report) by 11.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 123,441 shares of the company's stock after buying an additional 12,900 shares during the quarter. Gabelli Funds LLC owned 2.01% of Lee Enterprises worth $1,371,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 39.20% of the company's stock.

Analyst Ratings Changes

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