Lee Enterprises (NYSE:LEE – Get Rating) was downgraded by stock analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued on Friday.
Lee Enterprises Price Performance
Shares of Lee Enterprises stock traded up $0.09 on Friday, reaching $17.87. The stock had a trading volume of 6,726 shares, compared to its average volume of 24,831. Lee Enterprises has a 1 year low of $16.85 and a 1 year high of $44.43. The company has a market cap of $106.81 million, a P/E ratio of 11.10 and a beta of 1.21. The company has a current ratio of 0.79, a quick ratio of 0.73 and a debt-to-equity ratio of 8.47. The business’s 50 day moving average is $18.35 and its two-hundred day moving average is $18.75.
Institutional Investors Weigh In On Lee Enterprises
A number of institutional investors and hedge funds have recently modified their holdings of LEE. Cornercap Investment Counsel Inc. purchased a new stake in shares of Lee Enterprises in the first quarter worth about $858,000. Bank of New York Mellon Corp raised its stake in Lee Enterprises by 2.7% in the first 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 in the last quarter. Dimensional Fund Advisors LP raised its stake in Lee Enterprises by 49.7% in the first 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 in the last quarter. Gamco Investors INC. ET AL raised its stake in Lee Enterprises by 2.1% in the first 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 in the last quarter. Finally, Invesco Ltd. purchased a new stake in Lee Enterprises in the first quarter valued at approximately $611,000. 36.42% of the stock is owned by hedge funds and other institutional investors.
About Lee Enterprises
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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
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