Lee Enterprises (NYSE:LEE) Stock Rating Lowered by StockNews.com

StockNews.com downgraded shares of Lee Enterprises (NYSE:LEE) from a buy rating to a hold rating in a report released on Thursday morning.

Lee Enterprises Stock Performance

LEE stock traded down $0.56 during trading on Thursday, reaching $17.68. 40,558 shares of the company’s stock were exchanged, compared to its average volume of 29,855. The firm has a market cap of $109.44 million, a PE ratio of -5.75 and a beta of 1.07. The company has a quick ratio of 0.87, a current ratio of 0.92 and a debt-to-equity ratio of 69.34. The company’s fifty day moving average price is $11.98 and its 200-day moving average price is $11.43. 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 news, major shareholder Raghav Nath Bahl sold 71,000 shares of the business’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $15.00, for a total value of $1,065,000.00. Following the sale, the insider now owns 30,205 shares of the company’s stock, valued at approximately $453,075. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 11.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Lee Enterprises stock. Gabelli Funds LLC grew its position in Lee Enterprises, Incorporated (NYSE:LEE) by 11.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 123,441 shares of the company’s stock after buying an additional 12,900 shares during the quarter. Gabelli Funds LLC owned approximately 2.01% of Lee Enterprises worth $1,371,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 39.20% 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.