Lee Enterprises (NYSE:LEE) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Lee Enterprises, Incorporated (NYSE:LEE) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.54 and traded as high as $9.49. Lee Enterprises shares last traded at $9.43, with a volume of 65,477 shares.

Lee Enterprises Stock Up 4.7%

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 firm’s fifty day simple moving average is $9.20 and its 200 day simple moving average is $7.54. The stock has a market capitalization of $209.63 million, a price-to-earnings ratio of -1.30 and a beta of 0.31.

Insider Buying and Selling at Lee Enterprises

In related news, Director David Henry Hoffmann acquired 6,925 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The shares were acquired at an average cost of $10.86 per share, for a total transaction of $75,205.50. Following the completion of the acquisition, the director directly owned 11,517,242 shares in the company, valued at approximately $125,077,248.12. The trade was a 0.06% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Herbert W. Moloney III sold 24,000 shares of the firm’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $9.82, for a total transaction of $235,680.00. Following the sale, the director owned 23,037 shares in the company, valued at approximately $226,223.34. The trade was a 51.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have bought 94,225 shares of company stock valued at $898,978 in the last three months. 54.20% of the stock is owned by insiders.

Institutional Trading of Lee Enterprises

Institutional investors have recently modified their holdings of the company. Royal Bank of Canada boosted its position in shares of Lee Enterprises by 15,715.8% during the first quarter. Royal Bank of Canada now owns 29,101 shares of the company’s stock worth $302,000 after buying an additional 28,917 shares during the period. Gabelli Funds LLC raised its position in Lee Enterprises by 2.2% in the 2nd quarter. Gabelli Funds LLC now owns 202,482 shares of the company’s stock valued at $1,296,000 after buying an additional 4,389 shares during the last quarter. Jane Street Group LLC acquired a new stake in Lee Enterprises in the 2nd quarter valued at approximately $86,000. Teton Advisors LLC bought a new stake in Lee Enterprises in the 3rd quarter valued at approximately $82,000. Finally, Gamco Investors INC. ET AL lifted its stake in Lee Enterprises by 23.8% in the 4th quarter. Gamco Investors INC. ET AL now owns 601,454 shares of the company’s stock valued at $2,881,000 after acquiring an additional 115,779 shares in the last quarter. 39.20% of the stock is currently owned by institutional investors.

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.