Lee Enterprises (NYSE:LEE) Upgraded at StockNews.com

Lee Enterprises (NYSE:LEE) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Friday.

Lee Enterprises Stock Performance

NYSE LEE opened at $16.30 on Friday. The firm has a market capitalization of $100.91 million, a P/E ratio of -5.45 and a beta of 1.07. The company has a current ratio of 0.92, a quick ratio of 0.87 and a debt-to-equity ratio of 69.34. The firm’s fifty day moving average price is $13.00 and its two-hundred day moving average price is $11.61. Lee Enterprises has a 1 year low of $7.56 and a 1 year high of $19.63.

Insider Buying and Selling at Lee Enterprises

In other Lee Enterprises news, major shareholder Raghav Nath Bahl sold 71,000 shares of the business’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $15.00, for a total value of $1,065,000.00. Following the completion of the sale, the insider now owns 30,205 shares of the company’s stock, valued at $453,075. The trade was a 70.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 11.40% of the company’s stock.

Hedge Funds Weigh In On Lee Enterprises

Several hedge funds and other institutional investors have recently modified their holdings of the business. Gabelli Funds LLC increased its holdings in Lee Enterprises by 92.2% in the 1st quarter. Gabelli Funds LLC now owns 110,541 shares of the company’s stock worth $1,474,000 after purchasing an additional 53,041 shares in the last quarter. Wittenberg Investment Management Inc. raised its stake in shares of Lee Enterprises by 13.7% during the third quarter. Wittenberg Investment Management Inc. now owns 121,755 shares of the company’s stock valued at $1,060,000 after acquiring an additional 14,715 shares during the last quarter. Finally, Gamco Investors INC. ET AL raised its position in Lee Enterprises by 94.8% during the 1st quarter. Gamco Investors INC. ET AL now owns 149,150 shares of the company’s stock worth $1,988,000 after purchasing an additional 72,600 shares during the last quarter. Institutional investors own 39.20% of the company’s stock.

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.