Lee Enterprises, Incorporated (NYSE:LEE) Director Purchases $11,570.00 in Stock

Lee Enterprises, Incorporated (NYSE:LEE - Get Free Report) Director Steven C. Fletcher acquired 1,000 shares of Lee Enterprises stock in a transaction on Wednesday, February 19th. The shares were purchased at an average cost of $11.57 per share, with a total value of $11,570.00. Following the completion of the purchase, the director now directly owns 8,000 shares of the company's stock, valued at approximately $92,560. This represents a 14.29 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Lee Enterprises Price Performance

Shares of NYSE:LEE traded down $0.58 on Friday, hitting $10.44. The stock had a trading volume of 24,177 shares, compared to its average volume of 17,926. The company has a debt-to-equity ratio of 69.34, a quick ratio of 0.72 and a current ratio of 0.78. The company has a market capitalization of $64.62 million, a price-to-earnings ratio of -1.43 and a beta of 1.09. Lee Enterprises, Incorporated has a twelve month low of $7.57 and a twelve month high of $19.63. The firm's 50 day moving average price is $13.46 and its 200-day moving average price is $12.85.

Institutional Investors Weigh In On Lee Enterprises

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Truist Financial Corp acquired a new position in Lee Enterprises in the 4th quarter valued at $3,251,000. Gamco Investors INC. ET AL boosted its stake in shares of Lee Enterprises by 5.7% during the fourth quarter. Gamco Investors INC. ET AL now owns 364,940 shares of the company's stock valued at $5,394,000 after purchasing an additional 19,800 shares in the last quarter. Wittenberg Investment Management Inc. grew its holdings in Lee Enterprises by 13.7% during the 3rd quarter. Wittenberg Investment Management Inc. now owns 121,755 shares of the company's stock worth $1,060,000 after acquiring an additional 14,715 shares during the last quarter. MassMutual Private Wealth & Trust FSB acquired a new stake in shares of Lee Enterprises during the fourth quarter worth $214,000. Finally, Gabelli Funds LLC raised its holdings in shares of Lee Enterprises by 5.8% during the fourth quarter. Gabelli Funds LLC now owns 181,500 shares of the company's stock valued at $2,683,000 after purchasing an additional 10,000 shares during the period. 39.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Lee Enterprises from a "buy" rating to a "hold" rating in a research report on Wednesday, December 18th.

Lee Enterprises Company Profile

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.