Lee Enterprises (NYSE:LEE) Raised to Buy at StockNews.com

StockNews.com upgraded shares of Lee Enterprises (NYSE:LEEFree Report) from a hold rating to a buy rating in a research note published on Monday.

Lee Enterprises Stock Down 0.9 %

NYSE:LEE opened at $11.62 on Monday. The company has a market cap of $71.35 million, a price-to-earnings ratio of -5.78 and a beta of 1.22. Lee Enterprises has a twelve month low of $7.56 and a twelve month high of $15.89. The company has a current ratio of 0.94, a quick ratio of 0.88 and a debt-to-equity ratio of 43.53. The stock has a fifty day simple moving average of $12.52 and a 200-day simple moving average of $10.56.

Insider Buying and Selling at Lee Enterprises

In related news, major shareholder Digital Ltd Quint bought 46,500 shares of Lee Enterprises stock in a transaction dated Monday, March 18th. The shares were acquired at an average cost of $12.92 per share, with a total value of $600,780.00. Following the completion of the transaction, the insider now owns 704,000 shares in the company, valued at approximately $9,095,680. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Insiders purchased a total of 86,500 shares of company stock valued at $1,188,720 in the last three months. Company insiders own 11.40% of the company’s stock.

Hedge Funds Weigh In On Lee Enterprises

Several institutional investors have recently made changes to their positions in the company. Corsair Capital Management L.P. bought a new position in Lee Enterprises during the 4th quarter worth about $128,000. Gabelli Funds LLC boosted its stake in shares of Lee Enterprises by 25.0% during the fourth quarter. Gabelli Funds LLC now owns 57,500 shares of the company’s stock valued at $453,000 after purchasing an additional 11,500 shares in the last quarter. Gamco Investors INC. ET AL boosted its stake in shares of Lee Enterprises by 17.8% during the third quarter. Gamco Investors INC. ET AL now owns 73,950 shares of the company’s stock valued at $792,000 after purchasing an additional 11,200 shares in the last quarter. Finally, Wittenberg Investment Management Inc. increased its holdings in Lee Enterprises by 8.2% during the fourth quarter. Wittenberg Investment Management Inc. now owns 122,195 shares of the company’s stock valued at $962,000 after buying an additional 9,215 shares during the period. Hedge funds and other institutional investors own 39.20% of the company’s stock.

Lee Enterprises Company Profile

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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.

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