Gamco Investors INC. ET AL Buys 72,600 Shares of Lee Enterprises, Incorporated (NYSE:LEE)

Gamco Investors INC. ET AL raised its stake in Lee Enterprises, Incorporated (NYSE:LEE) by 94.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 149,150 shares of the company’s stock after acquiring an additional 72,600 shares during the period. Gamco Investors INC. ET AL’s holdings in Lee Enterprises were worth $1,988,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of LEE. Corsair Capital Management L.P. bought a new stake in shares of Lee Enterprises in the 4th quarter worth about $128,000. Gabelli Funds LLC boosted its position in Lee Enterprises by 25.0% in the fourth quarter. Gabelli Funds LLC now owns 57,500 shares of the company’s stock valued at $453,000 after buying an additional 11,500 shares in the last quarter. Finally, Wittenberg Investment Management Inc. grew its stake in Lee Enterprises by 8.2% during the fourth quarter. Wittenberg Investment Management Inc. now owns 122,195 shares of the company’s stock worth $962,000 after buying an additional 9,215 shares during the last quarter. 39.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Lee Enterprises from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 19th.

Lee Enterprises Price Performance

LEE traded up $0.03 during trading on Friday, hitting $10.05. The company’s stock had a trading volume of 3,155 shares, compared to its average volume of 10,684. The company has a quick ratio of 0.88, a current ratio of 0.94 and a debt-to-equity ratio of 43.53. The stock has a market capitalization of $61.74 million, a price-to-earnings ratio of -5.00 and a beta of 1.25. The firm’s 50 day moving average price is $11.67 and its two-hundred day moving average price is $11.43. Lee Enterprises, Incorporated has a 12 month low of $7.56 and a 12 month high of $15.89.

Lee Enterprises (NYSE:LEE) last announced its earnings results on Thursday, May 2nd. The company reported ($2.06) earnings per share for the quarter. The business had revenue of $146.55 million during the quarter. Lee Enterprises had a negative net margin of 1.88% and a negative return on equity of 67.53%. Sell-side analysts forecast that Lee Enterprises, Incorporated will post -1.06 earnings per share for the current fiscal year.

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.