Lee Enterprises (NYSE:LEE) Share Price Crosses Above 200-Day Moving Average of $10.16

Shares of Lee Enterprises, Incorporated (NYSE:LEE - Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $10.16 and traded as high as $12.88. Lee Enterprises shares last traded at $12.68, with a volume of 8,131 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Lee Enterprises from a "buy" rating to a "hold" rating in a report on Wednesday, February 14th.

Lee Enterprises Price Performance

The company has a quick ratio of 0.87, a current ratio of 0.94 and a debt-to-equity ratio of 20.47. The company has a market cap of $77.59 million, a price-to-earnings ratio of -13.33 and a beta of 1.18. The company has a fifty day simple moving average of $11.29 and a two-hundred day simple moving average of $10.18.

Lee Enterprises (NYSE:LEE - Get Free Report) last posted its earnings results on Thursday, February 1st. The company reported $0.12 earnings per share for the quarter. The company had revenue of $155.68 million for the quarter. Lee Enterprises had a negative return on equity of 30.92% and a negative net margin of 0.86%.

Insider Activity

In related news, major shareholder Digital Ltd Quint acquired 17,000 shares of Lee Enterprises stock in a transaction dated Tuesday, March 26th. The shares were acquired at an average cost of $15.61 per share, for a total transaction of $265,370.00. Following the completion of the transaction, the insider now directly owns 763,000 shares of the company's stock, valued at $11,910,430. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have purchased 85,599 shares of company stock worth $1,177,335 over the last three months. 11.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Lee Enterprises

Several large investors have recently added to or reduced their stakes in the business. Cannell Capital LLC lifted its position in Lee Enterprises by 17.1% during the first quarter. Cannell Capital LLC now owns 543,614 shares of the company's stock worth $14,634,000 after buying an additional 79,440 shares during the period. Vanguard Group Inc. lifted its position in Lee Enterprises by 6.0% during the fourth quarter. Vanguard Group Inc. now owns 245,765 shares of the company's stock worth $1,934,000 after buying an additional 13,898 shares during the period. Wittenberg Investment Management Inc. increased its stake in Lee Enterprises by 8.2% during the fourth quarter. Wittenberg Investment Management Inc. now owns 122,195 shares of the company's stock worth $962,000 after acquiring an additional 9,215 shares during the last quarter. Morgan Stanley increased its stake in Lee Enterprises by 33.7% during the fourth quarter. Morgan Stanley now owns 112,710 shares of the company's stock worth $2,092,000 after acquiring an additional 28,421 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Lee Enterprises by 13.4% during the first quarter. Dimensional Fund Advisors LP now owns 92,969 shares of the company's stock worth $1,157,000 after acquiring an additional 10,973 shares during the last quarter. 39.20% of the stock is currently owned by hedge funds and other institutional investors.

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.