Lee Enterprises (NYSE:LEE) Shares Down 5.9% – Should You Sell?

Lee Enterprises, Incorporated (NYSE:LEE)’s share price traded down 5.9% during mid-day trading on Friday. The company traded as low as $6.59 and last traded at $6.59. Approximately 17,544 shares changed hands during trading, a decline of 71% from the average session volume of 60,517 shares. The stock had previously closed at $7.00.

Lee Enterprises Trading Down 5.9%

The stock’s fifty day simple moving average is $7.03 and its 200-day simple moving average is $8.00. The company has a debt-to-equity ratio of 69.34, a current ratio of 0.78 and a quick ratio of 0.72. The firm has a market cap of $146.90 million, a PE ratio of -0.91 and a beta of 0.45.

Institutional Trading of Lee Enterprises

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. State of Wyoming acquired a new position in shares of Lee Enterprises in the 3rd quarter valued at about $287,000. NewEdge Advisors LLC acquired a new stake in Lee Enterprises during the second quarter worth about $113,000. Cannell Capital LLC acquired a new stake in Lee Enterprises during the second quarter worth about $3,085,367. BlackRock Inc. acquired a new stake in Lee Enterprises during the second quarter worth about $3,259,000. Finally, Deutsche Bank AG purchased a new position in Lee Enterprises during the second quarter valued at approximately $59,000. Institutional investors and hedge funds own 39.20% of the company’s stock.

Lee Enterprises Company Profile

Lee Enterprises, Inc is a media company that publishes local newspapers and operates digital news and information platforms. Its products include daily and weekly newspapers, news websites, mobile applications, email newsletters, magazines and other specialty publications. The company also provides advertising, marketing and audience-engagement services to businesses and organizations.

Lee serves communities primarily across the United States, with local media operations covering regional news, business, sports, government, lifestyle and other topics.