Wittenberg Investment Management Inc. Grows Stock Position in Lee Enterprises, Incorporated (NYSE:LEE)

Wittenberg Investment Management Inc. increased its stake in Lee Enterprises, Incorporated (NYSE:LEE) by 13.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 121,755 shares of the company’s stock after acquiring an additional 14,715 shares during the period. Wittenberg Investment Management Inc. owned about 1.97% of Lee Enterprises worth $1,060,000 as of its most recent SEC filing.

Separately, Gabelli Funds LLC grew its holdings in shares of Lee Enterprises by 92.2% in the first quarter. Gabelli Funds LLC now owns 110,541 shares of the company’s stock worth $1,474,000 after purchasing an additional 53,041 shares during the last quarter. Institutional investors and hedge funds own 39.20% of the company’s stock.

Insider Buying and Selling at Lee Enterprises

In other news, major shareholder Raghav Nath Bahl sold 71,000 shares of Lee Enterprises stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $15.00, for a total value of $1,065,000.00. Following the sale, the insider now directly owns 30,205 shares in the company, valued at approximately $453,075. This trade represents a 70.15 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 11.40% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Lee Enterprises from a “hold” rating to a “buy” rating in a report on Friday, November 15th.

Lee Enterprises Stock Performance

Lee Enterprises stock opened at $16.75 on Monday. The company has a current ratio of 0.92, a quick ratio of 0.87 and a debt-to-equity ratio of 69.34. The firm has a market cap of $103.68 million, a P/E ratio of -5.60 and a beta of 1.07. Lee Enterprises, Incorporated has a 1-year low of $7.56 and a 1-year high of $19.63. The firm has a 50-day moving average of $13.79 and a 200-day moving average of $11.72.

Lee Enterprises Profile

Lee Enterprises, Incorporated provides local news and information, and advertising services in the United States. The company offers digital subscription platforms; 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.