Teton Advisors Inc. Boosts Position in Lee Enterprises, Incorporated (NYSE:LEE)

Teton Advisors Inc. raised its stake in Lee Enterprises, Incorporated (NYSE:LEE) by 11.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,500 shares of the company’s stock after acquiring an additional 2,500 shares during the quarter. Teton Advisors Inc.’s holdings in Lee Enterprises were worth $314,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in LEE. Bank of New York Mellon Corp raised its holdings in shares of Lee Enterprises by 2.7% in the first quarter. Bank of New York Mellon Corp now owns 27,347 shares of the company’s stock worth $736,000 after acquiring an additional 708 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Lee Enterprises by 49.7% in the first 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. Gamco Investors INC. ET AL increased its stake in Lee Enterprises by 2.1% in the first quarter. Gamco Investors INC. ET AL now owns 29,100 shares of the company’s stock valued at $783,000 after purchasing an additional 600 shares during the last quarter. Invesco Ltd. acquired a new position in Lee Enterprises in the first quarter valued at $611,000. Finally, State Street Corp increased its stake in Lee Enterprises by 7.3% in the first quarter. State Street Corp now owns 18,776 shares of the company’s stock valued at $505,000 after purchasing an additional 1,275 shares during the last quarter. 44.98% of the stock is owned by institutional investors and hedge funds.

Lee Enterprises Trading Up 1.1 %

Lee Enterprises stock traded up $0.11 during trading on Friday, hitting $9.76. The company’s stock had a trading volume of 3,476 shares, compared to its average volume of 11,092. The stock has a market capitalization of $59.25 million, a price-to-earnings ratio of -5.88 and a beta of 1.21. The stock’s fifty day moving average is $10.14 and its 200 day moving average is $11.82. Lee Enterprises, Incorporated has a 1-year low of $8.50 and a 1-year high of $23.51. The company has a debt-to-equity ratio of 31.37, a quick ratio of 0.81 and a current ratio of 0.88.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Lee Enterprises in a research note on Thursday, October 5th. They issued a “strong-buy” rating for the company.

About Lee Enterprises

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.