Sidoti Csr Weighs in on Lee Enterprises, Incorporated's Q3 2024 Earnings (NYSE:LEE)

Lee Enterprises, Incorporated (NYSE:LEE - Free Report) - Equities research analysts at Sidoti Csr issued their Q3 2024 earnings per share (EPS) estimates for Lee Enterprises in a report released on Tuesday, May 7th. Sidoti Csr analyst D. Harriman forecasts that the company will post earnings of $0.68 per share for the quarter. Sidoti Csr also issued estimates for Lee Enterprises' Q4 2024 earnings at $0.20 EPS, FY2024 earnings at ($1.06) EPS, Q1 2025 earnings at $0.80 EPS, Q2 2025 earnings at ($1.10) EPS, Q3 2025 earnings at $1.08 EPS, Q4 2025 earnings at ($0.16) EPS and FY2025 earnings at $0.62 EPS.

Separately, StockNews.com raised Lee Enterprises from a "hold" rating to a "buy" rating in a research report on Friday, May 3rd.

Lee Enterprises Stock Performance

NYSE LEE traded down $0.01 during trading on Friday, reaching $12.18. 11,337 shares of the company's stock were exchanged, compared to its average volume of 7,194. The business has a 50 day moving average price of $12.40 and a 200-day moving average price of $10.49. The company has a debt-to-equity ratio of 43.53, a current ratio of 0.94 and a quick ratio of 0.87. Lee Enterprises has a fifty-two week low of $7.56 and a fifty-two week high of $15.89.

Institutional Investors Weigh In On Lee Enterprises

A number of large investors have recently added to or reduced their stakes in the stock. Gabelli Funds LLC lifted its stake in Lee Enterprises by 8.2% during the third quarter. Gabelli Funds LLC now owns 46,000 shares of the company's stock worth $493,000 after purchasing an additional 3,500 shares during the last quarter. Teton Advisors Inc. lifted its stake in shares of Lee Enterprises by 27.7% in the 3rd quarter. Teton Advisors Inc. now owns 30,000 shares of the company's stock valued at $321,000 after acquiring an additional 6,500 shares during the last quarter. Wittenberg Investment Management Inc. increased its holdings in Lee Enterprises by 8.2% in the fourth quarter. Wittenberg Investment Management Inc. now owns 122,195 shares of the company's stock valued at $962,000 after purchasing an additional 9,215 shares during the period. Gamco Investors INC. ET AL increased its holdings in Lee Enterprises by 17.8% in 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 during the period. Finally, Corsair Capital Management L.P. acquired a new stake in Lee Enterprises in the fourth quarter valued at $128,000. Institutional investors and hedge funds own 39.20% of the company's stock.

Insider Activity

In other news, major shareholder Digital Ltd Quint bought 17,000 shares of the firm's stock in a transaction dated Tuesday, March 26th. The shares were bought at an average price of $15.61 per share, with a total value of $265,370.00. Following the completion of the transaction, the insider now owns 763,000 shares of the company's stock, valued at $11,910,430. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last quarter, insiders have bought 86,500 shares of company stock valued at $1,188,720. 11.40% of the stock is owned by insiders.

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.