Insider Selling: Lee Enterprises, Incorporated (NYSE:LEE) Director Sells $214,000.00 in Stock

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Lee Enterprises, Incorporated (NYSE:LEE) Director William E. Mayer sold 100,000 shares of Lee Enterprises stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $2.14, for a total transaction of $214,000.00. Following the completion of the sale, the director now owns 121,979 shares of the company’s stock, valued at $261,035.06. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

LEE stock opened at $2.03 on Friday. The firm has a 50 day moving average of $2.11 and a 200 day moving average of $2.68. The stock has a market capitalization of $130.45 million, a PE ratio of 7.06 and a beta of 1.41. Lee Enterprises, Incorporated has a 52 week low of $1.84 and a 52 week high of $3.69.

Hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC acquired a new stake in Lee Enterprises in the 4th quarter worth approximately $27,000. KBC Group NV acquired a new stake in Lee Enterprises during the 2nd quarter valued at approximately $28,000. Tower Research Capital LLC TRC acquired a new stake in Lee Enterprises during the 2nd quarter valued at approximately $32,000. A.R.T. Advisors LLC acquired a new stake in Lee Enterprises during the 2nd quarter valued at approximately $37,000. Finally, Janney Montgomery Scott LLC acquired a new stake in Lee Enterprises during the 1st quarter valued at approximately $52,000. Institutional investors own 43.95% of the company’s stock.

Separately, TheStreet cut shares of Lee Enterprises from a “c” rating to a “d” rating in a research note on Thursday, July 18th.

About Lee Enterprises

Lee Enterprises, Incorporated provides local news and information, and advertising services in the United States. The company offers daily and community newspapers, news websites, mobile applications and news, and video products; and digital services, including Web hosting and content management. It also provides advertising and marketing services, such as retail, classified, national, and digital advertising services, as well as custom digital marketing services to small, medium sized, and large complex businesses.

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