Lee Enterprises (NYSE:LEE) Share Price Passes Above Two Hundred Day Moving Average of $18.42

Lee Enterprises, Incorporated (NYSE:LEE – Get Rating)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $18.42 and traded as high as $19.18. Lee Enterprises shares last traded at $19.00, with a volume of 8,233 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Lee Enterprises from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 9th.

Lee Enterprises Stock Performance

The firm has a market cap of $113.56 million, a price-to-earnings ratio of -82.61 and a beta of 1.17. The business’s 50-day simple moving average is $17.99 and its two-hundred day simple moving average is $18.42. The company has a quick ratio of 0.73, a current ratio of 0.79 and a debt-to-equity ratio of 8.47.

Lee Enterprises (NYSE:LEE – Get Rating) last released its earnings results on Thursday, December 8th. The company reported $2.16 EPS for the quarter. The business had revenue of $193.64 million during the quarter. Lee Enterprises had a negative net margin of 0.16% and a positive return on equity of 13.82%.

Institutional Trading of Lee Enterprises

Institutional investors and hedge funds have recently modified their holdings of the stock. Captrust Financial Advisors purchased a new stake in shares of Lee Enterprises during the second quarter worth about $105,000. Delphia USA Inc. purchased a new stake in shares of Lee Enterprises during the third quarter worth about $185,000. Round Hill Asset Management increased its stake in shares of Lee Enterprises by 5.0% during the second quarter. Round Hill Asset Management now owns 14,634 shares of the company’s stock worth $278,000 after purchasing an additional 696 shares in the last quarter. Teton Advisors Inc. increased its stake in shares of Lee Enterprises by 6.3% during the second quarter. Teton Advisors Inc. now owns 17,000 shares of the company’s stock worth $323,000 after purchasing an additional 1,000 shares in the last quarter. Finally, State Street Corp increased its stake in shares of Lee Enterprises by 7.3% during the first quarter. State Street Corp now owns 18,776 shares of the company’s stock worth $505,000 after purchasing an additional 1,275 shares in the last quarter. Hedge funds and other institutional investors own 38.41% of the company’s stock.

Lee Enterprises Company Profile

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Lee Enterprises, Inc engages in the provision of local news, information, and advertising services. It also offers retail, classified, digital, national advertising, and niche publications. Its digital products include video, digital couponing, behavioral targeting, banner advertisements, and social networking.