Lee Enterprises (NYSE:LEE) Lifted to C- at TheStreet

TheStreet upgraded shares of Lee Enterprises (NYSE:LEE – Get Rating) from a d+ rating to a c- rating in a report published on Wednesday, TheStreetRatingsTable reports.

Separately, StockNews.com cut shares of Lee Enterprises from a strong-buy rating to a buy rating in a research report on Saturday, May 14th.

Lee Enterprises Price Performance

Lee Enterprises stock opened at $20.17 on Wednesday. The stock has a market cap of $120.15 million, a price-to-earnings ratio of 9.13 and a beta of 1.29. The company has a debt-to-equity ratio of 8.35, a current ratio of 0.74 and a quick ratio of 0.69. Lee Enterprises has a 1 year low of $17.24 and a 1 year high of $44.43. The firm has a 50-day moving average of $18.82 and a two-hundred day moving average of $24.99.

Lee Enterprises (NYSE:LEE – Get Rating) last released its quarterly earnings data on Thursday, May 5th. The company reported ($1.26) earnings per share (EPS) for the quarter. The company had revenue of $190.01 million during the quarter, compared to analysts’ expectations of $191.16 million. Lee Enterprises had a net margin of 1.71% and a return on equity of 8.89%. On average, research analysts forecast that Lee Enterprises will post 2.29 earnings per share for the current year.

Insider Transactions at Lee Enterprises

In other Lee Enterprises news, Director David T. Pearson purchased 1,500 shares of the stock in a transaction dated Monday, May 9th. The stock was purchased at an average price of $18.93 per share, with a total value of $28,395.00. Following the transaction, the director now owns 6,303 shares of the company’s stock, valued at $119,315.79. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 9.10% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of LEE. Waratah Capital Advisors Ltd. bought a new position in shares of Lee Enterprises during the 4th quarter worth approximately $222,000. Diametric Capital LP bought a new position in shares of Lee Enterprises during the 4th quarter worth approximately $317,000. State Street Corp raised its stake in shares of Lee Enterprises by 7.3% during the 1st quarter. State Street Corp now owns 18,776 shares of the company’s stock worth $505,000 after acquiring an additional 1,275 shares in the last quarter. Teton Advisors Inc. raised its stake in shares of Lee Enterprises by 77.8% during the 4th quarter. Teton Advisors Inc. now owns 16,000 shares of the company’s stock worth $553,000 after acquiring an additional 7,000 shares in the last quarter. Finally, O Brien Greene & Co. Inc bought a new position in shares of Lee Enterprises during the 4th quarter worth approximately $553,000. Institutional investors own 47.16% of the company’s stock.

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.