Lee Enterprises (NYSE:LEE) Stock Price Passes Above Two Hundred Day Moving Average of $11.12

Lee Enterprises, Incorporated (NYSE:LEE)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.12 and traded as high as $11.96. Lee Enterprises shares last traded at $11.11, with a volume of 26,954 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Lee Enterprises from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 19th.

Lee Enterprises Trading Down 7.4 %

The business has a 50 day moving average of $12.39 and a 200-day moving average of $11.12. The stock has a market cap of $68.22 million, a PE ratio of -5.53 and a beta of 1.21. The company has a current ratio of 0.94, a quick ratio of 0.88 and a debt-to-equity ratio of 43.53.

Lee Enterprises (NYSE:LEE) last issued its quarterly earnings data on Thursday, May 2nd. The company reported ($2.06) earnings per share (EPS) for the quarter. The company had revenue of $146.55 million during the quarter. Lee Enterprises had a negative net margin of 1.88% and a negative return on equity of 67.53%. On average, analysts anticipate that Lee Enterprises, Incorporated will post -1.06 EPS for the current year.

Hedge Funds Weigh In On Lee Enterprises

Several institutional investors and hedge funds have recently modified their holdings of the company. Gamco Investors INC. ET AL raised its holdings in Lee Enterprises by 94.8% in the 1st quarter. Gamco Investors INC. ET AL now owns 149,150 shares of the company’s stock valued at $1,988,000 after acquiring an additional 72,600 shares during the last quarter. Gabelli Funds LLC grew its position 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 valued at $1,474,000 after purchasing an additional 53,041 shares during the period. Corsair Capital Management L.P. acquired a new position in Lee Enterprises in the fourth quarter valued at $128,000. Finally, Wittenberg Investment Management Inc. lifted its position in Lee Enterprises by 8.2% during the fourth quarter. Wittenberg Investment Management Inc. now owns 122,195 shares of the company’s stock worth $962,000 after buying an additional 9,215 shares during the period. Hedge funds and other institutional investors own 39.20% of the company’s stock.

About Lee Enterprises

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.