Lee Enterprises (NYSE:LEE – Get Rating) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued on Saturday.
A number of other brokerages have also weighed in on LEE. Noble Financial initiated coverage on shares of Lee Enterprises in a research note on Wednesday, January 19th. They issued an “outperform” rating for the company. Citigroup initiated coverage on shares of Lee Enterprises in a research note on Wednesday, January 19th. They set an “outperform” rating and a $50.00 price objective for the company.
Shares of NYSE LEE opened at $21.13 on Friday. The firm has a market cap of $125.87 million, a PE ratio of 9.56 and a beta of 1.34. The company has a current ratio of 0.74, a quick ratio of 0.72 and a debt-to-equity ratio of 8.35. Lee Enterprises has a 1-year low of $18.10 and a 1-year high of $44.43. The company has a fifty day moving average price of $25.64 and a 200 day moving average price of $29.33.
In other Lee Enterprises news, Director David T. Pearson acquired 1,500 shares of Lee Enterprises stock in a transaction dated Monday, May 9th. The stock was bought at an average cost of $18.93 per share, for a total transaction of $28,395.00. Following the purchase, the director now directly owns 6,303 shares in the company, valued at approximately $119,315.79. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 9.10% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. Gamco Investors INC. ET AL raised its holdings in shares of Lee Enterprises by 2.1% in the 1st quarter. Gamco Investors INC. ET AL now owns 29,100 shares of the company’s stock valued at $783,000 after purchasing an additional 600 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Lee Enterprises by 49.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 47,361 shares of the company’s stock valued at $1,275,000 after purchasing an additional 15,724 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Lee Enterprises by 2.7% in the 1st quarter. Bank of New York Mellon Corp now owns 27,347 shares of the company’s stock valued at $736,000 after purchasing an additional 708 shares during the period. Cornercap Investment Counsel Inc. bought a new stake in shares of Lee Enterprises in the 1st quarter valued at about $858,000. Finally, Walleye Capital LLC bought a new stake in shares of Lee Enterprises in the 4th quarter valued at about $665,000. 47.16% of the stock is currently owned by institutional investors.
About Lee Enterprises (Get Rating)
Lee Enterprises, Incorporated provides local news and information, and advertising services in the United States. The company offers print and digital editions of daily, weekly, and monthly newspapers and 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.
Further Reading
Receive News & Ratings for Lee Enterprises Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Lee Enterprises and related companies with MarketBeat.com’s FREE daily email newsletter.
,
![[Weekly Funding Roundup] Venture investments into Indian startups declines to $344M](https://onlyloudest.com/wp-content/uploads/2022/05/Weekly-Funding-Roundup-Venture-investments-into-Indian-startups-declines-to-120x86.png "[Weekly Funding Roundup] Venture investments into Indian startups declines to $344M")
