Lee Enterprises (NYSE:LEE) Cut to Buy at StockNews.com

Lee Enterprises (NYSE:LEE – Get Rating) was downgraded by equities research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued on Wednesday.

Separately, TheStreet cut shares of Lee Enterprises from a “c-” rating to a “d” rating in a research note on Monday, March 13th.

Lee Enterprises Stock Down 3.6 %

LEE stock opened at $12.53 on Wednesday. The firm’s fifty day simple moving average is $12.28 and its 200-day simple moving average is $16.20. The company has a market capitalization of $75.71 million, a P/E ratio of -6.40 and a beta of 1.14. The company has a debt-to-equity ratio of 35.51, a current ratio of 0.84 and a quick ratio of 0.76. Lee Enterprises has a 12 month low of $10.09 and a 12 month high of $23.51.

Lee Enterprises (NYSE:LEE – Get Rating) last posted its earnings results on Thursday, March 2nd. The company reported $0.19 earnings per share (EPS) for the quarter. Lee Enterprises had a negative net margin of 1.53% and a positive return on equity of 29.07%. The firm had revenue of $185.13 million during the quarter.

Insider Buying and Selling

In related news, Director Steven C. Fletcher purchased 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 8th. The stock was bought at an average price of $15.98 per share, with a total value of $31,960.00. Following the acquisition, the director now owns 3,000 shares in the company, valued at $47,940. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 10.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Lee Enterprises

Large investors have recently modified their holdings of the business. Barclays PLC purchased a new stake in shares of Lee Enterprises during the fourth quarter worth $36,000. Captrust Financial Advisors purchased a new stake in shares of Lee Enterprises in the second quarter valued at about $105,000. Susquehanna International Group LLP purchased a new stake in shares of Lee Enterprises in the first quarter valued at about $135,000. Janney Montgomery Scott LLC purchased a new stake in shares of Lee Enterprises in the first quarter valued at about $137,000. Finally, Stifel Financial Corp purchased a new stake in shares of Lee Enterprises in the first quarter valued at about $148,000. Hedge funds and other institutional investors own 38.41% of the company’s stock.

Lee Enterprises Company Profile

(Get Rating)

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.