Lee Enterprises (NYSE:LEE) Director Sells $243,380.32 in Stock

Key Points

• Director Brent Magid sold 26,804 shares of Lee Enterprises on March 6 at an average price of $9.08 for a total of $243,380.32, reducing his stake by 75.37% to 8,760 shares (~$79,540.80).
• Lee Enterprises shares recently traded at $8.99, have a 12‑month range of $3.34–$11.21, a market cap of about $200 million and a negative P/E of -1.24, while leverage and liquidity metrics show a debt‑to‑equity of 69.34 and current/quick ratios below 1.
• Institutional investors own roughly 39.2% of the stock, with several funds (including Gamco Investors, Gabelli Funds and Teton Advisors) increasing or initiating positions in the fourth quarter.

Lee Enterprises, Incorporated (NYSE:LEE - Get Free Report) Director Brent Magid sold 26,804 shares of the stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $9.08, for a total transaction of $243,380.32. Following the completion of the transaction, the director directly owned 8,760 shares of the company's stock, valued at approximately $79,540.80. The trade was a 75.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Lee Enterprises Price Performance

Shares of LEE traded up $0.38 during trading hours on Tuesday, reaching $8.99. The stock had a trading volume of 81,842 shares, compared to its average volume of 75,457. The company has a debt-to-equity ratio of 69.34, a quick ratio of 0.72 and a current ratio of 0.78. Lee Enterprises, Incorporated has a 12 month low of $3.34 and a 12 month high of $11.21. The stock has a market capitalization of $199.96 million, a PE ratio of -1.24 and a beta of 0.37. The company's 50-day moving average is $6.35 and its two-hundred day moving average is $5.09.

Institutional Investors Weigh In On Lee Enterprises

Institutional investors have recently added to or reduced their stakes in the business. DRW Securities LLC bought a new position in shares of Lee Enterprises during the fourth quarter valued at $99,000. Gamco Investors INC. ET AL increased its holdings in Lee Enterprises by 23.8% in the fourth quarter. Gamco Investors INC. ET AL now owns 601,454 shares of the company's stock valued at $2,881,000 after purchasing an additional 115,779 shares during the period. Teton Advisors LLC raised its position in Lee Enterprises by 13.3% during the 4th quarter. Teton Advisors LLC now owns 17,000 shares of the company's stock worth $81,000 after purchasing an additional 2,000 shares during the last quarter. Gabelli Funds LLC raised its position in Lee Enterprises by 9.5% during the 4th quarter. Gabelli Funds LLC now owns 226,800 shares of the company's stock worth $1,086,000 after purchasing an additional 19,700 shares during the last quarter. Finally, Murphy Pohlad Asset Management LLC acquired a new position in Lee Enterprises during the 3rd quarter worth about $66,000. 39.20% of the stock is owned by institutional investors.

About Lee Enterprises

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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