Lee Enterprises (NYSE:LEE) Director David Henry Hoffmann Purchases 18,200 Shares

by · The Markets Daily

Lee Enterprises, Incorporated (NYSE:LEE – Get Free Report) Director David Henry Hoffmann purchased 18,200 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The shares were acquired at an average cost of $11.08 per share, with a total value of $201,656.00. Following the completion of the purchase, the director owned 11,492,117 shares of the company’s stock, valued at $127,332,656.36. The trade was a 0.16% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

David Henry Hoffmann also recently made the following trade(s):

  • On Monday, June 8th, David Henry Hoffmann purchased 6,925 shares of Lee Enterprises stock. The shares were acquired at an average cost of $10.86 per share, with a total value of $75,205.50.
  • On Tuesday, May 26th, David Henry Hoffmann purchased 13,700 shares of Lee Enterprises stock. The shares were acquired at an average cost of $9.99 per share, with a total value of $136,863.00.
  • On Friday, May 22nd, David Henry Hoffmann acquired 10,600 shares of Lee Enterprises stock. The shares were purchased at an average price of $9.56 per share, with a total value of $101,336.00.
  • On Wednesday, May 20th, David Henry Hoffmann acquired 10,600 shares of Lee Enterprises stock. The shares were purchased at an average price of $9.79 per share, with a total value of $103,774.00.
  • On Monday, May 18th, David Henry Hoffmann acquired 10,600 shares of Lee Enterprises stock. The shares were purchased at an average price of $8.93 per share, with a total value of $94,658.00.
  • On Thursday, May 14th, David Henry Hoffmann acquired 8,100 shares of Lee Enterprises stock. The shares were purchased at an average price of $7.78 per share, with a total value of $63,018.00.
  • On Wednesday, May 13th, David Henry Hoffmann acquired 7,400 shares of Lee Enterprises stock. The shares were purchased at an average price of $7.99 per share, with a total value of $59,126.00.
  • On Tuesday, May 12th, David Henry Hoffmann acquired 8,100 shares of Lee Enterprises stock. The shares were purchased at an average price of $7.82 per share, with a total value of $63,342.00.
  • On Friday, March 13th, David Henry Hoffmann acquired 27,800 shares of Lee Enterprises stock. The shares were purchased at an average price of $9.35 per share, with a total value of $259,930.00.
  • On Wednesday, March 11th, David Henry Hoffmann acquired 27,800 shares of Lee Enterprises stock. The shares were purchased at an average price of $9.33 per share, with a total value of $259,374.00.

Lee Enterprises Trading Up 3.1%

NYSE LEE traded up $0.32 during trading on Monday, reaching $10.68. 47,239 shares of the stock traded hands, compared to its average volume of 67,625. The firm has a market cap of $237.42 million, a price-to-earnings ratio of -1.47 and a beta of 0.31. The stock’s 50-day moving average price is $8.88 and its 200 day moving average price is $6.93. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 69.34. Lee Enterprises, Incorporated has a fifty-two week low of $3.34 and a fifty-two week high of $11.88.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Teton Advisors LLC boosted its holdings in shares of Lee Enterprises by 13.3% in the fourth quarter. Teton Advisors LLC now owns 17,000 shares of the company’s stock valued at $81,000 after buying an additional 2,000 shares during the period. Jane Street Group LLC acquired a new position in shares of Lee Enterprises in the second quarter valued at approximately $86,000. DRW Securities LLC acquired a new position in shares of Lee Enterprises in the fourth quarter valued at approximately $99,000. Royal Bank of Canada boosted its holdings in shares of Lee Enterprises by 15,715.8% in the first quarter. Royal Bank of Canada now owns 29,101 shares of the company’s stock valued at $302,000 after buying an additional 28,917 shares during the period. Finally, Private Advisor Group LLC acquired a new position in shares of Lee Enterprises in the first quarter valued at approximately $430,000. Institutional investors and hedge funds own 39.20% of the company’s stock.

Lee Enterprises Company Profile

(Get Free Report)

Lee Enterprises, Inc is a publicly traded media company based in Davenport, Iowa, with a heritage dating back to 1890 when Alfred W. Lee acquired the Davenport Times-Democrat. Over the decades, the company has grown through acquisitions and organic expansion to become one of the largest regional news publishers in the United States. Lee Enterprises’ shares trade on the New York Stock Exchange under the ticker symbol LEE.

The company’s principal activities center on the production and distribution of local journalism across print and digital channels.

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