Digital Ltd Quint Acquires 10,000 Shares of Lee Enterprises (NYSE:LEE) Stock

Lee Enterprises, Incorporated (NYSE:LEE) major shareholder Digital Ltd Quint bought 10,000 shares of the stock in a transaction dated Tuesday, March 3rd. The stock was purchased at an average price of $9.13 per share, with a total value of $91,300.00. Following the acquisition, the insider directly owned 3,244,800 shares in the company, valued at approximately $29,625,024. The trade was a 0.31% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Digital Ltd Quint also recently made the following trade(s):

• On Monday, March 2nd, Digital Ltd Quint acquired 20,454 shares of Lee Enterprises stock. The stock was purchased at an average cost of $8.87 per share, with a total value of $181,426.98.
• On Thursday, February 5th, Digital Ltd Quint acquired 2,451,346 shares of Lee Enterprises stock. The stock was bought at an average cost of $3.25 per share, with a total value of $7,966,874.50.

Lee Enterprises Stock Up 7.3%

Shares of NYSE:LEE opened at $9.68 on Friday. The business’s 50 day moving average is $6.26 and its 200 day moving average is $5.05. The stock has a market cap of $215.28 million, a P/E ratio of -1.33 and a beta of 0.37. Lee Enterprises, Incorporated has a 52-week low of $3.34 and a 52-week high of $11.21. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 69.34.

Institutional Trading of Lee Enterprises

Several hedge funds and other institutional investors have recently bought and sold shares of LEE. Gamco Investors INC. ET AL lifted 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 last quarter. Royal Bank of Canada grew its stake 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 last quarter. DRW Securities LLC acquired a new position in Lee Enterprises during the 4th quarter valued at about $99,000. Gabelli Funds LLC increased its position in Lee Enterprises by 9.5% during the 4th quarter. Gabelli Funds LLC now owns 226,800 shares of the company’s stock valued at $1,086,000 after buying an additional 19,700 shares in the last quarter. Finally, Teton Advisors LLC purchased a new stake in Lee Enterprises in the third quarter valued at about $82,000. Institutional investors own 39.20% of the company’s stock.

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.