Lee Enterprises, Incorporated (NYSE:LEE) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Thursday.

According to Zacks, “LEE ENTERPRISES, INC. is a premier publisher of local news, information and advertising in primarily midsize markets, with 50 daily newspapers and a joint interest in four others, rapidly growing online sites and more than 300 weekly newspapers and specialty publications in 23 states. Lee’s newspapers have circulation of 1.6 million daily and 1.9 million Sunday, reaching more than four million readers daily. Lee’s online sites attract 12 million unique visitors monthly, and Lee’s weekly publications have distribution of more than 4.5 million households. Lee’s other newspaper markets include St. Louis, Mo.; Lincoln, Neb.; Madison, Wis.; Davenport, Iowa; Billings, Mont.; Bloomington, Ill.; and Tucson, Ariz. “

Separately, TheStreet cut shares of Lee Enterprises, from a “c” rating to a “d+” rating in a research report on Wednesday, May 31st.

Shares of Lee Enterprises, (NYSE LEE) remained flat at $1.90 during trading on Thursday. 201,722 shares of the company traded hands. Lee Enterprises, has a one year low of $1.74 and a one year high of $3.92. The company has a 50 day moving average of $1.98 and a 200-day moving average of $2.59. The firm has a market capitalization of $107.64 million, a PE ratio of 4.68 and a beta of 2.18.

Lee Enterprises, (NYSE:LEE) last announced its quarterly earnings results on Thursday, May 4th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.12 by $0.13. Lee Enterprises, had a negative return on equity of 17.38% and a net margin of 3.89%. The business had revenue of $133.39 million during the quarter, compared to analysts’ expectations of $137 million. Equities research analysts forecast that Lee Enterprises, will post $0.42 earnings per share for the current fiscal year.

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A number of large investors have recently bought and sold shares of LEE. BlueCrest Capital Management Ltd purchased a new stake in Lee Enterprises, during the first quarter worth approximately $104,000. Segantii Capital Management Ltd boosted its stake in Lee Enterprises, by 585.9% in the first quarter. Segantii Capital Management Ltd now owns 67,900 shares of the company’s stock worth $177,000 after buying an additional 58,000 shares during the last quarter. California Public Employees Retirement System boosted its stake in Lee Enterprises, by 26.0% in the first quarter. California Public Employees Retirement System now owns 199,845 shares of the company’s stock worth $520,000 after buying an additional 41,200 shares during the last quarter. Geode Capital Management LLC boosted its stake in Lee Enterprises, by 3.9% in the first quarter. Geode Capital Management LLC now owns 352,090 shares of the company’s stock worth $914,000 after buying an additional 13,140 shares during the last quarter. Finally, Morgan Stanley boosted its stake in Lee Enterprises, by 23.9% in the first quarter. Morgan Stanley now owns 459,648 shares of the company’s stock worth $1,194,000 after buying an additional 88,676 shares during the last quarter. 34.76% of the stock is owned by institutional investors.

Lee Enterprises, Company Profile

Lee Enterprises, Incorporated is a provider of local news and information, and a platform for print and digital advertising. The Company’s products included 46 daily and 34 Sunday newspapers, 300 weekly newspapers, and classified and niche publications, as of September 25, 2016. The Company also provides a range of digital products, including video, digital couponing, behavioral targeting, audience retargeting, banner advertisements and social networking.

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