Lee Enterprises Inc. (LEE) Trading Up 6.6%
Lee Enterprises Inc. (NYSE:LEE) was up 6.6% during mid-day trading on Monday . The company traded as high as $3.44 and last traded at $3.37, with a volume of 271,717 shares traded. The stock had previously closed at $3.16.
A number of equities research analysts have issued reports on LEE shares. TheStreet downgraded shares of Lee Enterprises from a “hold” rating to a “sell” rating in a research report on Monday, June 6th. Zacks Investment Research raised shares of Lee Enterprises from a “sell” rating to a “hold” rating in a research report on Wednesday, June 1st.
The firm’s 50-day moving average price is $2.53 and its 200-day moving average price is $2.08. The company has a market capitalization of $184.60 million, a PE ratio of 4.04 and a beta of 1.61.
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Several large investors have recently bought and sold shares of the company. North Star Investment Management Corp. boosted its stake in Lee Enterprises by 65.3% in the second quarter. North Star Investment Management Corp. now owns 663,000 shares of the company’s stock valued at $1,266,000 after buying an additional 262,000 shares in the last quarter. Acadian Asset Management LLC boosted its position in shares of Lee Enterprises by 15.7% in the second quarter. Acadian Asset Management LLC now owns 295,345 shares of the company’s stock worth $563,000 after buying an additional 40,117 shares during the period. Emerald Acquisition Ltd. acquired a new position in shares of Lee Enterprises during the second quarter worth about $2,125,000. Phoenix Investment Adviser LLC acquired a new position in shares of Lee Enterprises during the second quarter worth about $229,000. Finally, Alambic Investment Management L.P. boosted its position in shares of Lee Enterprises by 17.5% in the second quarter. Alambic Investment Management L.P. now owns 108,641 shares of the company’s stock worth $208,000 after buying an additional 16,189 shares during the period. 31.46% of the stock is owned by hedge funds and other institutional investors.
Lee Enterprises Company Profile
Lee Enterprises, Incorporated is a provider of local news and information, and a platform for advertising. The Company’s products include approximately 50 daily and approximately 38 Sunday newspapers with print and digital subscribers. The Company offers approximately 300 weekly newspapers, and classified and niche publications.
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