Lee Enterprises (NYSE:LEE) Shares Cross Above 200-Day Moving Average – What’s Next?

Lee Enterprises, Incorporated (NYSE:LEE) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $7.76 and traded as high as $9.91. Lee Enterprises shares last traded at $9.34, with a volume of 150,978 shares.

Lee Enterprises Stock Performance

The company has a debt-to-equity ratio of 69.34, a current ratio of 0.78 and a quick ratio of 0.72. The company’s fifty day moving average price is $9.26 and its 200 day moving average price is $7.76. The company has a market cap of $207.63 million, a PE ratio of -1.28 and a beta of 0.34.

Insider Activity at Lee Enterprises

In other news, Director Herbert W. Moloney III sold 24,000 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $9.82, for a total value of $235,680.00. Following the transaction, the director owned 23,037 shares in the company, valued at $226,223.34. The trade was a 51.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David Henry Hoffmann purchased 18,200 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The shares were acquired at an average cost of $11.08 per share, with a total value of $201,656.00. Following the completion of the transaction, the director directly owned 11,492,117 shares of the company’s stock, valued at $127,332,656.36. The trade was a 0.16% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have acquired 94,225 shares of company stock worth $898,978. Insiders own 54.20% of the company’s stock.

Institutional Investors Weigh In On Lee Enterprises

Several large investors have recently made changes to their positions in the business. Gamco Investors INC. ET AL raised its stake in shares of Lee Enterprises by 23.8% during the 4th quarter. Gamco Investors INC. ET AL now owns 601,454 shares of the company’s stock worth $2,881,000 after purchasing an additional 115,779 shares during the period. Teton Advisors LLC grew its position in Lee Enterprises by 13.3% during the fourth quarter. Teton Advisors LLC now owns 17,000 shares of the company’s stock valued at $81,000 after buying an additional 2,000 shares during the period. Gabelli Funds LLC grew its position in Lee Enterprises by 2.3% during the third quarter. Gabelli Funds LLC now owns 207,100 shares of the company’s stock valued at $1,127,000 after buying an additional 4,618 shares during the period. Jane Street Group LLC purchased a new stake in Lee Enterprises during the second quarter worth about $86,000. Finally, Royal Bank of Canada increased its holdings in 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 last quarter. 39.20% of the stock is owned by hedge funds and other institutional investors.

About Lee Enterprises

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.