Acadian Asset Management LLC increased its position in shares of Lee Enterprises, Incorporated (NYSE:LEE) by 5.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,309,507 shares of the company’s stock after acquiring an additional 71,500 shares during the period. Acadian Asset Management LLC owned approximately 2.29% of Lee Enterprises worth $3,469,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the stock. Cannell Capital LLC boosted its position in shares of Lee Enterprises by 21.2% in the 2nd quarter. Cannell Capital LLC now owns 2,067,229 shares of the company’s stock valued at $5,892,000 after purchasing an additional 361,292 shares during the period. Russell Investments Group Ltd. boosted its position in shares of Lee Enterprises by 6.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 2,015,805 shares of the company’s stock valued at $5,345,000 after purchasing an additional 114,720 shares during the period. North Star Investment Management Corp. acquired a new position in shares of Lee Enterprises in the 2nd quarter valued at $3,161,000. BlackRock Inc. boosted its position in shares of Lee Enterprises by 9.4% in the 2nd quarter. BlackRock Inc. now owns 275,935 shares of the company’s stock valued at $787,000 after purchasing an additional 23,689 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of Lee Enterprises by 91.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 220,909 shares of the company’s stock valued at $630,000 after purchasing an additional 105,700 shares during the period. 38.85% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Gregory P. Schermer sold 52,600 shares of the stock in a transaction on Friday, August 17th. The stock was sold at an average price of $2.93, for a total value of $154,118.00. Following the completion of the transaction, the director now owns 1,096,175 shares in the company, valued at approximately $3,211,792.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 8.80% of the company’s stock.
NYSE:LEE opened at $2.65 on Friday. Lee Enterprises, Incorporated has a 1-year low of $1.95 and a 1-year high of $3.30. The firm has a market capitalization of $156.97 million, a P/E ratio of 7.86 and a beta of 1.77.
Lee Enterprises Profile
Lee Enterprises, Incorporated provides local news and information, and advertising services primarily in the Midwest, Mountain West, and West regions of the United States. It publishes 47 daily newspapers with 0.8 million circulation units, as well as Sunday newspapers with 1.2 million circulation units; and 300 weekly newspapers, and classified and niche publications in 22 states with print and related digital operations.
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