Herbert Moloney III Sells 24,000 Shares of Lee Enterprises (NYSE:LEE) Stock

Lee Enterprises, Incorporated (NYSE:LEE) Director Herbert Moloney III sold 24,000 shares of the stock in a transaction 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 transaction, the director directly owned 23,037 shares of the company’s stock, valued at approximately $226,223.34. This trade represents a 51.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Lee Enterprises Price Performance

Shares of NYSE LEE opened at $9.88 on Friday. The stock has a fifty day simple moving average of $9.05 and a two-hundred day simple moving average of $7.12. Lee Enterprises, Incorporated has a 1-year low of $3.34 and a 1-year high of $11.88. The firm has a market cap of $219.63 million, a price-to-earnings ratio of -1.36 and a beta of 0.31. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 69.34.

Hedge Funds Weigh In On Lee Enterprises

Several institutional investors and hedge funds have recently bought and sold shares of the company. Private Advisor Group LLC bought a new position in Lee Enterprises during the first quarter valued at $430,000. DRW Securities LLC purchased a new stake in shares of Lee Enterprises during the fourth quarter worth $99,000. Gamco Investors INC. ET AL lifted its position in shares of Lee Enterprises by 23.8% during the fourth quarter. Gamco Investors INC. ET AL now owns 601,454 shares of the company’s stock worth $2,881,000 after acquiring an additional 115,779 shares in the last quarter. Teton Advisors LLC lifted its position in shares of Lee Enterprises by 13.3% during the fourth quarter. Teton Advisors LLC now owns 17,000 shares of the company’s stock worth $81,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Gabelli Funds LLC lifted its position in shares of Lee Enterprises by 9.5% during the fourth quarter. Gabelli Funds LLC now owns 226,800 shares of the company’s stock worth $1,086,000 after acquiring an additional 19,700 shares in the last quarter. 39.20% of the stock is owned by 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.