Lee Enterprises (NYSE:LEE) Rating Lowered to Hold at StockNews.com

StockNews.com cut shares of Lee Enterprises (NYSE:LEE) from a buy rating to a hold rating in a research report sent to investors on Tuesday morning.

Lee Enterprises Price Performance

Shares of Lee Enterprises stock opened at $17.90 on Tuesday. Lee Enterprises has a 52 week low of $7.56 and a 52 week high of $19.63. The company has a current ratio of 0.92, a quick ratio of 0.87 and a debt-to-equity ratio of 69.34. The company’s 50-day moving average price is $11.07 and its two-hundred day moving average price is $11.26.

Lee Enterprises (NYSE:LEE) last released its earnings results on Thursday, August 1st. The company reported ($0.73) EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($1.41). The business had revenue of $150.58 million during the quarter, compared to the consensus estimate of $165.48 million. Lee Enterprises had a negative return on equity of 112.98% and a negative net margin of 2.88%. During the same quarter in the previous year, the firm earned $0.25 earnings per share. Equities research analysts expect that Lee Enterprises will post -2.02 EPS for the current fiscal year.

Insider Activity

In related news, major shareholder Raghav Nath Bahl sold 71,000 shares of Lee Enterprises 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 transaction, the insider now directly owns 30,205 shares in the company, valued at $453,075. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 11.40% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Lee Enterprises stock. Gamco Investors INC. ET AL increased its position in Lee Enterprises, Incorporated (NYSE:LEE) by 94.8% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 149,150 shares of the company’s stock after purchasing an additional 72,600 shares during the period. Gamco Investors INC. ET AL owned about 2.43% of Lee Enterprises worth $1,988,000 at the end of the most recent reporting period. 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.