Lee Enterprises, Incorporated (NYSE:LEE) Director Steven C. Fletcher Buys 1,000 Shares of Stock

Lee Enterprises, Incorporated (NYSE:LEE) Director Steven C. Fletcher purchased 1,000 shares of the stock in a transaction dated Wednesday, February 19th. The shares were acquired at an average cost of $11.57 per share, with a total value of $11,570.00. Following the acquisition, the director now directly owns 8,000 shares in the company, valued at $92,560. This represents a 14.29 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Lee Enterprises Stock Performance

Shares of NYSE LEE opened at $11.02 on Friday. The company has a debt-to-equity ratio of 69.34, a quick ratio of 0.72 and a current ratio of 0.78. Lee Enterprises, Incorporated has a twelve month low of $7.57 and a twelve month high of $19.63. The stock’s 50 day moving average price is $13.46 and its 200-day moving average price is $12.85.

Hedge Funds Weigh In On Lee Enterprises

Several institutional investors have recently bought and sold shares of the company. Gamco Investors INC. ET AL lifted its stake in shares of Lee Enterprises by 5.7% during the 4th quarter. Gamco Investors INC. ET AL now owns 364,940 shares of the company’s stock valued at $5,394,000 after buying an additional 19,800 shares in the last quarter. Truist Financial Corp bought a new position in Lee Enterprises in the 4th quarter worth about $3,251,000. Cannell Capital LLC grew its holdings in Lee Enterprises by 0.6% during the 4th quarter. Cannell Capital LLC now owns 215,158 shares of the company’s stock valued at $3,180,000 after buying an additional 1,352 shares in the last quarter. Gabelli Funds LLC grew its stake in Lee Enterprises by 5.8% during the fourth quarter. Gabelli Funds LLC now owns 181,500 shares of the company’s stock valued at $2,683,000 after acquiring an additional 10,000 shares in the last quarter. Finally, Wittenberg Investment Management Inc. increased its holdings in Lee Enterprises by 13.7% during the 3rd quarter. Wittenberg Investment Management Inc. now owns 121,755 shares of the company’s stock worth $1,060,000 after acquiring an additional 14,715 shares during the period. Hedge funds and other institutional investors own 39.20% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Lee Enterprises from a “buy” rating to a “hold” rating in a research report on Wednesday, December 18th.

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.