Lee Enterprises, Incorporated (NYSE:LEE) Major Shareholder Digital Ltd Quint Purchases 17,000 Shares of Stock

Lee Enterprises, Incorporated (NYSE:LEE) major shareholder Digital Ltd Quint bought 17,000 shares of the firm’s stock in a transaction on 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 purchase, the insider now owns 763,000 shares in the company, valued at approximately $11,910,430. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Digital Ltd Quint also recently made the following trade(s):

• On Friday, March 22nd, Digital Ltd Quint bought 22,000 shares of Lee Enterprises stock. The shares were bought at an average price of $14.10 per share, with a total value of $310,200.00.
• On Monday, March 18th, Digital Ltd Quint bought 46,500 shares of Lee Enterprises stock. The shares were bought at an average price of $12.92 per share, with a total value of $600,780.00.

Lee Enterprises Price Performance

NYSE:LEE opened at $15.30 on Thursday. The company has a debt-to-equity ratio of 20.47, a quick ratio of 0.87 and a current ratio of 0.94. Lee Enterprises, Incorporated has a one year low of $7.56 and a one year high of $15.89. The business has a fifty day moving average price of $10.84 and a 200-day moving average price of $10.08.

Lee Enterprises (NYSE:LEE) last posted its quarterly earnings data on Thursday, February 1st. The company reported $0.12 EPS for the quarter. The firm had revenue of $155.68 million during the quarter. Lee Enterprises had a negative return on equity of 30.92% and a negative net margin of 0.86%.

Analysts Set New Price Targets

Separately, StockNews.com lowered Lee Enterprises from a “buy” rating to a “hold” rating in a research note on Wednesday, February 14th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Barclays PLC bought a new position in Lee Enterprises in the 4th quarter worth $36,000. Captrust Financial Advisors bought a new position in Lee Enterprises in the 2nd quarter worth $105,000. Corsair Capital Management L.P. bought a new position in Lee Enterprises in the 4th quarter worth $128,000. Susquehanna International Group LLP bought a new position in Lee Enterprises in the 1st quarter worth $135,000. Finally, Northern Trust Corp bought a new position in Lee Enterprises in the 4th quarter worth $138,000. Institutional investors own 39.20% of the company’s stock.

Lee Enterprises Company Profile

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.