Gamco Investors INC. ET AL Raises Holdings in Lee Enterprises, Incorporated (NYSE:LEE)

Gamco Investors INC. ET AL lifted its position in shares of Lee Enterprises, Incorporated (NYSE:LEE) by 94.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 149,150 shares of the company’s stock after buying an additional 72,600 shares during the quarter. Gamco Investors INC. ET AL owned approximately 2.43% of Lee Enterprises worth $1,988,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Corsair Capital Management L.P. purchased a new position in Lee Enterprises during the 4th quarter valued at about $128,000. Wittenberg Investment Management Inc. increased its holdings in Lee Enterprises by 8.2% during the fourth quarter. Wittenberg Investment Management Inc. now owns 122,195 shares of the company’s stock valued at $962,000 after buying an additional 9,215 shares during the period. Finally, Gabelli Funds LLC raised its stake in Lee Enterprises by 25.0% in the fourth quarter. Gabelli Funds LLC now owns 57,500 shares of the company’s stock worth $453,000 after buying an additional 11,500 shares in the last quarter. Hedge funds and other institutional investors own 39.20% of the company’s stock.

Lee Enterprises Stock Up 0.3 %

Lee Enterprises stock traded up $0.03 during trading hours on Friday, reaching $10.05. The stock had a trading volume of 3,155 shares, compared to its average volume of 10,684. The company has a market cap of $61.74 million, a price-to-earnings ratio of -5.00 and a beta of 1.25. The business’s 50 day moving average price is $11.67 and its 200-day moving average price is $11.43. Lee Enterprises, Incorporated has a 52 week low of $7.56 and a 52 week high of $15.89. The company has a debt-to-equity ratio of 43.53, a current ratio of 0.94 and a quick ratio of 0.88.

Lee Enterprises (NYSE:LEE) last posted its quarterly earnings data on Thursday, May 2nd. The company reported ($2.06) EPS for the quarter. Lee Enterprises had a negative return on equity of 67.53% and a negative net margin of 1.88%. The firm had revenue of $146.55 million for the quarter. Sell-side analysts anticipate that Lee Enterprises, Incorporated will post -1.06 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Lee Enterprises from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 19th.

Lee Enterprises Company Profile

Lee Enterprises, Incorporated provides local news and information, and advertising services in the United States. The company offers digital subscription platforms; daily, weekly, and monthly newspapers and niche publications; and web hosting and content management services. It also provides advertising and marketing services, such as audience extension, search engine optimization, search engine marketing, web and mobile production, social media services, and reputation monitoring and management.