Stock analysts at StockNews.com initiated coverage on shares of Lee Enterprises (NYSE:LEE – Get Free Report) in a research report issued on Thursday. The brokerage set a “strong-buy” rating on the stock.
Lee Enterprises Stock Performance
Shares of LEE opened at $14.34 on Thursday. The firm has a 50-day moving average price of $13.23 and a 200 day moving average price of $14.95. The firm has a market capitalization of $86.61 million, a PE ratio of -7.32 and a beta of 1.10. The company has a quick ratio of 0.76, a current ratio of 0.84 and a debt-to-equity ratio of 35.51. Lee Enterprises has a 52-week low of $10.09 and a 52-week high of $23.51.
Lee Enterprises (NYSE:LEE – Get Free Report) last announced its earnings results on Thursday, May 4th. The company reported ($1.01) earnings per share (EPS) for the quarter. The company had revenue of $170.69 million during the quarter, compared to the consensus estimate of $173.70 million. Lee Enterprises had a negative net margin of 1.53% and a positive return on equity of 29.07%.
Institutional Investors Weigh In On Lee Enterprises
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Cannell Capital LLC lifted its holdings in Lee Enterprises by 8.9% in the 1st quarter. Cannell Capital LLC now owns 597,150 shares of the company’s stock valued at $7,435,000 after acquiring an additional 49,020 shares during the last quarter. Praetorian PR LLC purchased a new stake in Lee Enterprises during the first quarter valued at about $4,404,000. Solas Capital Management LLC lifted its stake in Lee Enterprises by 15.1% during the first quarter. Solas Capital Management LLC now owns 266,880 shares of the company’s stock valued at $3,323,000 after buying an additional 34,985 shares in the last quarter. Morgan Stanley lifted its stake in Lee Enterprises by 33.7% during the fourth quarter. Morgan Stanley now owns 112,710 shares of the company’s stock valued at $2,092,000 after buying an additional 28,421 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Lee Enterprises by 13.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 92,969 shares of the company’s stock worth $1,157,000 after buying an additional 10,973 shares in the last quarter. 48.63% of the stock is owned by institutional investors and hedge funds.
Lee Enterprises Company Profile
(Get Free Report)
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 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.
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