Lee Enterprises (NYSE:LEE) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Shares of Lee Enterprises, Incorporated (NYSE:LEE) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $8.10 and traded as high as $8.13. Lee Enterprises shares last traded at $7.60, with a volume of 38,539 shares traded.

Lee Enterprises Stock Down 5.7%

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 stock has a market capitalization of $168.95 million, a P/E ratio of -1.04 and a beta of 0.34. The firm has a 50-day simple moving average of $9.24 and a 200 day simple moving average of $8.10.

Insider Activity at Lee Enterprises

In related news, Director Herbert W. Moloney III sold 24,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $9.82, for a total value of $235,680.00. Following the completion of the transaction, the director owned 23,037 shares in the company, valued at $226,223.34. This trade represents a 51.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David Henry Hoffmann acquired 18,200 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The stock was acquired at an average price of $11.08 per share, with a total value of $201,656.00. Following the acquisition, the director owned 11,492,117 shares in the company, valued at $127,332,656.36. The trade was a 0.16% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders bought 94,225 shares of company stock valued at $898,978 in the last ninety days. 54.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Lee Enterprises

Hedge funds have recently modified their holdings of the business. Gamco Investors INC. ET AL grew its stake in shares of Lee Enterprises by 23.8% in the fourth 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 last quarter. Teton Advisors LLC raised its position in Lee Enterprises by 13.3% during the 4th quarter. Teton Advisors LLC now owns 17,000 shares of the company’s stock worth $81,000 after purchasing an additional 2,000 shares during the last quarter. Gabelli Funds LLC raised its position in Lee Enterprises by 2.2% during the 2nd quarter. Gabelli Funds LLC now owns 202,482 shares of the company’s stock worth $1,296,000 after purchasing an additional 4,389 shares during the last quarter. Royal Bank of Canada lifted its holdings in Lee Enterprises by 15,715.8% during the 1st 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. Finally, Private Advisor Group LLC acquired a new position in Lee Enterprises during the 1st quarter worth about $430,000. Institutional investors and hedge funds own 39.20% of the company’s stock.

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.