Lee Enterprises (NYSE:LEE) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Shares of Lee Enterprises, Incorporated (NYSE:LEE) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.70 and traded as high as $5.70. Lee Enterprises shares last traded at $5.49, with a volume of 14,000 shares trading hands.

Lee Enterprises Price Performance

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 50-day moving average price of $4.37 and a 200-day moving average price of $4.70. The firm has a market capitalization of $34.38 million, a P/E ratio of -0.75 and a beta of 0.53.

Hedge Funds Weigh In On Lee Enterprises

Several institutional investors have recently modified their holdings of the stock. Gamco Investors INC. ET AL raised its position in shares of Lee Enterprises by 4.9% in the 2nd quarter. Gamco Investors INC. ET AL now owns 493,816 shares of the company’s stock valued at $3,160,000 after acquiring an additional 23,269 shares during the period. Gabelli Funds LLC increased its stake in Lee Enterprises by 2.3% in the third quarter. Gabelli Funds LLC now owns 207,100 shares of the company’s stock valued at $1,127,000 after purchasing an additional 4,618 shares in the last quarter. Wittenberg Investment Management Inc. raised its holdings in Lee Enterprises by 20.1% in the second quarter. Wittenberg Investment Management Inc. now owns 85,043 shares of the company’s stock worth $544,000 after purchasing an additional 14,262 shares during the period. Royal Bank of Canada raised its holdings in Lee Enterprises by 15,715.8% in the first quarter. Royal Bank of Canada now owns 29,101 shares of the company’s stock worth $302,000 after purchasing an additional 28,917 shares during the period. Finally, Teton Advisors LLC bought a new position in shares of Lee Enterprises during the third quarter worth $82,000. 39.20% of the stock is currently owned by institutional investors and hedge funds.

Lee Enterprises Company Profile

Lee Enterprises, Inc is a publicly traded media company based in Davenport, Iowa, with a heritage dating back to 1890 when Alfred W. Lee acquired the Davenport Times-Democrat. Over the decades, the company has grown through acquisitions and organic expansion to become one of the largest regional news publishers in the United States. Lee Enterprises’ shares trade on the New York Stock Exchange under the ticker symbol LEE.

The company’s principal activities center on the production and distribution of local journalism across print and digital channels.