Lee Enterprises (NYSE:LEE) Upgraded by StockNews.com to Strong-Buy

Lee Enterprises (NYSE:LEEGet Rating) was upgraded by stock analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday.

Separately, TheStreet raised shares of Lee Enterprises from a “d+” rating to a “c-” rating in a research report on Wednesday, August 3rd.

Lee Enterprises Stock Performance

LEE stock opened at $18.37 on Monday. The company has a quick ratio of 0.73, a current ratio of 0.79 and a debt-to-equity ratio of 8.47. The company has a market capitalization of $109.80 million, a price-to-earnings ratio of 11.41 and a beta of 1.25. Lee Enterprises has a 12 month low of $17.24 and a 12 month high of $44.43. The firm has a 50 day moving average of $18.85 and a two-hundred day moving average of $21.62.

Institutional Trading of Lee Enterprises

A number of institutional investors and hedge funds have recently modified their holdings of the company. Cannell Capital LLC lifted its stake in shares of Lee Enterprises by 17.1% in the first quarter. Cannell Capital LLC now owns 543,614 shares of the company’s stock worth $14,634,000 after buying an additional 79,440 shares during the last quarter. Strategic Investment Opportunities LLC acquired a new position in Lee Enterprises during the 4th quarter valued at $12,818,000. Dimensional Fund Advisors LP raised its stake in Lee Enterprises by 49.7% during the 1st 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 during the last quarter. JBF Capital Inc. acquired a new position in Lee Enterprises during the 2nd quarter valued at $874,000. Finally, Cornercap Investment Counsel Inc. acquired a new position in Lee Enterprises during the 1st quarter valued at $858,000. 36.42% of the stock is currently owned by institutional investors and hedge funds.

About Lee Enterprises

(Get Rating)

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.

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