MassMutual Private Wealth & Trust FSB Makes New Investment in Lee Enterprises, Incorporated (NYSE:LEE)

MassMutual Private Wealth & Trust FSB bought a new stake in shares of Lee Enterprises, Incorporated (NYSE:LEE) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 14,457 shares of the company’s stock, valued at approximately $214,000. MassMutual Private Wealth & Trust FSB owned approximately 0.23% of Lee Enterprises at the end of the most recent quarter.

Separately, Gabelli Funds LLC boosted its position in shares of Lee Enterprises by 11.7% in the 2nd quarter. Gabelli Funds LLC now owns 123,441 shares of the company’s stock worth $1,371,000 after purchasing an additional 12,900 shares in the last quarter. 39.20% of the stock is currently owned by institutional investors and hedge funds.

Lee Enterprises Price Performance

LEE opened at $12.78 on Thursday. The firm has a market cap of $79.11 million, a PE ratio of -2.93 and a beta of 1.07. The stock has a 50-day moving average price of $15.15 and a 200-day moving average price of $12.54. Lee Enterprises, Incorporated has a 1 year low of $7.57 and a 1 year high of $19.63. The company has a debt-to-equity ratio of 69.34, a current ratio of 0.85 and a quick ratio of 0.80.

Wall Street Analyst Weigh In

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

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.