Lee Enterprises (NYSE:LEE) Director David Henry Hoffmann Purchases 8,100 Shares

Lee Enterprises, Incorporated (NYSE:LEEGet Free Report) Director David Henry Hoffmann acquired 8,100 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were purchased at an average price of $7.78 per share, for a total transaction of $63,018.00. Following the purchase, the director directly owned 11,290,049 shares of the company’s stock, valued at approximately $87,836,581.22. This trade represents a 0.07% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

David Henry Hoffmann also recently made the following trade(s):

  • On Monday, May 18th, David Henry Hoffmann acquired 10,600 shares of Lee Enterprises stock. The shares were purchased at an average price of $8.93 per share, for a total transaction of $94,658.00.
  • On Wednesday, May 13th, David Henry Hoffmann purchased 7,400 shares of Lee Enterprises stock. The shares were bought at an average cost of $7.99 per share, with a total value of $59,126.00.
  • On Tuesday, May 12th, David Henry Hoffmann purchased 8,100 shares of Lee Enterprises stock. The shares were bought at an average cost of $7.82 per share, with a total value of $63,342.00.
  • On Friday, March 13th, David Henry Hoffmann purchased 27,800 shares of Lee Enterprises stock. The shares were bought at an average cost of $9.35 per share, with a total value of $259,930.00.
  • On Wednesday, March 11th, David Henry Hoffmann purchased 27,800 shares of Lee Enterprises stock. The shares were bought at an average cost of $9.33 per share, with a total value of $259,374.00.
  • On Wednesday, March 4th, David Henry Hoffmann purchased 19,000 shares of Lee Enterprises stock. The shares were bought at an average cost of $9.16 per share, with a total value of $174,040.00.
  • On Monday, March 2nd, David Henry Hoffmann purchased 19,000 shares of Lee Enterprises stock. The shares were bought at an average cost of $8.85 per share, with a total value of $168,150.00.
  • On Thursday, February 26th, David Henry Hoffmann purchased 15,200 shares of Lee Enterprises stock. The shares were bought at an average cost of $9.03 per share, with a total value of $137,256.00.
  • On Wednesday, February 25th, David Henry Hoffmann purchased 13,710 shares of Lee Enterprises stock. The shares were bought at an average cost of $8.64 per share, with a total value of $118,454.40.
  • On Monday, February 23rd, David Henry Hoffmann purchased 15,200 shares of Lee Enterprises stock. The shares were bought at an average cost of $8.91 per share, with a total value of $135,432.00.

Lee Enterprises Stock Performance

LEE stock traded down $0.08 during trading on Monday, hitting $8.64. 49,248 shares of the company’s stock traded hands, compared to its average volume of 65,856. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 69.34. Lee Enterprises, Incorporated has a 52 week low of $3.34 and a 52 week high of $9.97. The stock has a fifty day moving average price of $8.49 and a two-hundred day moving average price of $6.33. The stock has a market capitalization of $191.96 million, a price-to-earnings ratio of -1.19 and a beta of 0.20.

Institutional Trading of Lee Enterprises

Institutional investors have recently added to or reduced their stakes in the business. Gabelli Funds LLC increased its stake in Lee Enterprises by 9.5% during the fourth quarter. Gabelli Funds LLC now owns 226,800 shares of the company’s stock valued at $1,086,000 after purchasing an additional 19,700 shares during the last quarter. Private Advisor Group LLC bought a new position in Lee Enterprises during the 1st quarter worth $430,000. DRW Securities LLC bought a new position in Lee Enterprises during the 4th quarter worth $99,000. Gamco Investors INC. ET AL boosted its holdings 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 valued at $2,881,000 after acquiring an additional 115,779 shares during the period. Finally, Teton Advisors LLC boosted its holdings 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 valued at $81,000 after acquiring an additional 2,000 shares during the period. Institutional investors own 39.20% of the company’s stock.

About Lee Enterprises

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Lee Enterprises (NYSE:LEE)

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