Lee Enterprises, Incorporated (NYSE:LEE – Get Free Report) major shareholder Digital Ltd Quint bought 46,500 shares of Lee Enterprises stock in a transaction dated Monday, March 18th. The stock was purchased at an average price of $12.92 per share, for a total transaction of $600,780.00. Following the purchase, 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 Securities & Exchange Commission, which is accessible through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
Lee Enterprises Stock Up 3.9 %
Shares of NYSE LEE opened at $14.10 on Friday. The company has a quick ratio of 0.87, a current ratio of 0.94 and a debt-to-equity ratio of 20.47. Lee Enterprises, Incorporated has a 12-month low of $7.56 and a 12-month high of $15.05. The company has a market cap of $86.57 million, a price-to-earnings ratio of -14.69 and a beta of 1.15. The firm’s 50-day simple moving average is $10.46 and its 200 day simple moving average is $10.01.
Lee Enterprises (NYSE:LEE – Get Free Report) last released its earnings results on Thursday, February 1st. The company reported $0.12 earnings per share (EPS) for the quarter. The company had revenue of $155.68 million for the quarter. Lee Enterprises had a negative net margin of 0.86% and a negative return on equity of 30.92%.
Institutional Trading of Lee Enterprises
Wall Street Analysts Forecast Growth
Separately, StockNews.com downgraded shares of Lee Enterprises from a “buy” rating to a “hold” rating in a research note on Wednesday, February 14th.
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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.
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