O Brien Greene & Co. Inc Reduces Holdings in Lee Enterprises, Incorporated (NYSE:LEE)

O Brien Greene & Co. Inc lowered its position in shares of Lee Enterprises, Incorporated (NYSE:LEE) by 46.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,800 shares of the company’s stock after selling 10,200 shares during the period. O Brien Greene & Co. Inc owned approximately 0.19% of Lee Enterprises worth $93,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in LEE. Teton Advisors Inc. grew its holdings in Lee Enterprises by 27.7% during the 3rd quarter. Teton Advisors Inc. now owns 30,000 shares of the company’s stock worth $321,000 after acquiring an additional 6,500 shares in the last quarter. Gamco Investors INC. ET AL grew its position in shares of Lee Enterprises by 17.8% in the 3rd quarter. Gamco Investors INC. ET AL now owns 73,950 shares of the company’s stock worth $792,000 after acquiring an additional 11,200 shares in the last quarter. Gabelli Funds LLC increased its holdings in shares of Lee Enterprises by 8.2% in the 3rd quarter. Gabelli Funds LLC now owns 46,000 shares of the company’s stock valued at $493,000 after acquiring an additional 3,500 shares during the last quarter. Finally, Wittenberg Investment Management Inc. bought a new position in Lee Enterprises during the third quarter worth $1,210,000. Institutional investors and hedge funds own 39.20% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Lee Enterprises from a “buy” rating to a “hold” rating in a report on Wednesday, February 14th.

Lee Enterprises Stock Up 1.1 %

Shares of LEE stock opened at $12.74 on Friday. The business has a 50 day moving average of $11.89 and a two-hundred day moving average of $10.35. Lee Enterprises, Incorporated has a 52 week low of $7.56 and a 52 week high of $15.89. 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 (NYSE:LEE) last issued its quarterly earnings results on Thursday, February 1st. The company reported $0.12 EPS 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%.

Insiders Place Their Bets

In other Lee Enterprises news, major shareholder Digital Ltd Quint purchased 46,500 shares of the company’s stock in a transaction on Monday, March 18th. The shares were bought at an average cost of $12.92 per share, with a total value of $600,780.00. Following the transaction, the insider now directly owns 704,000 shares in the company, valued at approximately $9,095,680. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have acquired a total of 85,599 shares of company stock valued at $1,177,335 in the last three months. Company insiders own 11.40% 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.