Lee Enterprises, Incorporated (NYSE:LEE) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP trimmed its holdings in Lee Enterprises, Incorporated (NYSE:LEE) by 4.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 34,695 shares of the company’s stock after selling 1,548 shares during the period. Dimensional Fund Advisors LP’s holdings in Lee Enterprises were worth $385,000 at the end of the most recent reporting period.

Separately, Gabelli Funds LLC lifted its stake in shares of Lee Enterprises by 92.2% in the 1st quarter. Gabelli Funds LLC now owns 110,541 shares of the company’s stock valued at $1,474,000 after purchasing an additional 53,041 shares in the last quarter. 39.20% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Lee Enterprises in a research note on Sunday, October 6th. They issued a “buy” rating on the stock.

Lee Enterprises Stock Performance

NYSE LEE opened at $14.79 on Tuesday. The firm has a market capitalization of $90.85 million, a P/E ratio of -7.36 and a beta of 1.21. Lee Enterprises, Incorporated has a 1-year low of $7.56 and a 1-year high of $16.49. The company has a debt-to-equity ratio of 69.34, a current ratio of 0.92 and a quick ratio of 0.87. The business’s 50-day simple moving average is $9.15 and its 200-day simple moving average is $10.90.

Lee Enterprises (NYSE:LEE) last released its quarterly earnings data on Thursday, August 1st. The company reported ($0.73) earnings per share for the quarter, missing the consensus estimate of $0.68 by ($1.41). The firm had revenue of $150.58 million during the quarter, compared to analyst estimates of $165.48 million. Lee Enterprises had a negative net margin of 2.88% and a negative return on equity of 112.98%. During the same period in the prior year, the firm earned $0.25 earnings per share. Equities analysts predict that Lee Enterprises, Incorporated will post -2.02 EPS for the current year.

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.