Truist Financial Corp Acquires New Position in Lee Enterprises, Incorporated (NYSE:LEE)

Truist Financial Corp acquired a new stake in Lee Enterprises, Incorporated (NYSE:LEE) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 219,966 shares of the company’s stock, valued at approximately $3,251,000. Truist Financial Corp owned about 3.55% of Lee Enterprises as of its most recent SEC filing.

Separately, Wittenberg Investment Management Inc. raised its position in shares of Lee Enterprises by 13.7% in the 3rd 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 last quarter. Hedge funds and other institutional investors own 39.20% of the company’s stock.

Lee Enterprises Price Performance

Shares of NYSE:LEE opened at $9.38 on Tuesday. Lee Enterprises, Incorporated has a twelve month low of $7.57 and a twelve month high of $19.63. The company’s 50 day moving average is $13.21 and its 200 day moving average is $12.92. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 69.34. The company has a market cap of $58.07 million, a PE ratio of -1.29 and a beta of 1.09.

Analysts Set New Price Targets

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

Lee Enterprises Profile

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.