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

Lee Enterprises, Incorporated (NYSE:LEE) Director Steven C. Fletcher bought 1,000 shares of the stock in a transaction dated Wednesday, February 19th. The shares were acquired at an average price of $11.57 per share, with a total value of $11,570.00. Following the completion of the acquisition, the director now directly owns 8,000 shares of the company’s stock, valued at approximately $92,560. The trade was a 14.29 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Lee Enterprises Stock Down 5.3 %

Shares of LEE opened at $10.44 on Friday. The firm has a fifty day moving average price of $13.46 and a 200-day moving average price of $12.85. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 69.34. Lee Enterprises, Incorporated has a 12-month low of $7.57 and a 12-month high of $19.63. The firm has a market capitalization of $64.62 million, a P/E ratio of -1.43 and a beta of 1.09.

Institutional Investors Weigh In On Lee Enterprises

Several institutional investors have recently added to or reduced their stakes in LEE. MassMutual Private Wealth & Trust FSB purchased a new position in shares of Lee Enterprises during the 4th quarter valued at about $214,000. Wittenberg Investment Management Inc. grew its position in shares of Lee Enterprises by 13.7% in the third quarter. Wittenberg Investment Management Inc. now owns 121,755 shares of the company’s stock valued at $1,060,000 after purchasing an additional 14,715 shares during the period. Northern Trust Corp boosted its holdings in Lee Enterprises by 28.6% in the 4th quarter. Northern Trust Corp now owns 24,755 shares of the company’s stock worth $366,000 after buying an additional 5,508 shares during the last quarter. Barclays PLC purchased a new stake in shares of Lee Enterprises during the fourth quarter worth approximately $40,000. Finally, Geode Capital Management LLC raised its position in shares of Lee Enterprises by 3.0% in the fourth quarter. Geode Capital Management LLC now owns 46,185 shares of the company’s stock valued at $683,000 after buying an additional 1,335 shares during the last quarter. Institutional investors and hedge funds own 39.20% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Lee Enterprises from a “buy” rating to a “hold” rating in a research note on Wednesday, December 18th.

About Lee Enterprises

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.