Lee Enterprises (NYSE:LEE) Upgraded by StockNews.com to “Buy” Rating

StockNews.com upgraded shares of Lee Enterprises (NYSE:LEE) from a hold rating to a buy rating in a research report report published on Friday morning.

Lee Enterprises Stock Performance

LEE opened at $16.30 on Friday. The stock has a 50-day moving average of $13.00 and a 200-day moving average of $11.60. The company has a debt-to-equity ratio of 69.34, a quick ratio of 0.87 and a current ratio of 0.92. Lee Enterprises has a 52-week low of $7.56 and a 52-week high of $19.63. The company has a market cap of $100.90 million, a PE ratio of -5.45 and a beta of 1.07.

Insider Activity at Lee Enterprises

In other news, major shareholder Raghav Nath Bahl sold 71,000 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $15.00, for a total value of $1,065,000.00. Following the sale, the insider now owns 30,205 shares of the company’s stock, valued at approximately $453,075. This represents a 70.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 11.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Wittenberg Investment Management Inc. increased its position in shares of Lee Enterprises by 13.7% during the third quarter. Wittenberg Investment Management Inc. now owns 121,755 shares of the company’s stock worth $1,060,000 after acquiring an additional 14,715 shares in the last quarter. Gabelli Funds LLC boosted its position in Lee Enterprises by 11.7% during the second quarter. Gabelli Funds LLC now owns 123,441 shares of the company’s stock worth $1,371,000 after purchasing an additional 12,900 shares during the period. Finally, Gamco Investors INC. ET AL grew its position in shares of Lee Enterprises by 94.8% in the first quarter. Gamco Investors INC. ET AL now owns 149,150 shares of the company’s stock valued at $1,988,000 after purchasing an additional 72,600 shares during the last quarter. 39.20% of the stock is currently owned by institutional investors and hedge funds.

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.