Lee Enterprises, Incorporated (NYSE:LEE) Stock Position Lowered by Geode Capital Management LLC

Geode Capital Management LLC trimmed its position in shares of Lee Enterprises, Incorporated (NYSE:LEE) by 11.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 44,850 shares of the company’s stock after selling 5,740 shares during the period. Geode Capital Management LLC owned 0.72% of Lee Enterprises worth $391,000 at the end of the most recent reporting period.

Separately, Wittenberg Investment Management Inc. grew its holdings in shares of Lee Enterprises by 13.7% during the third quarter. Wittenberg Investment Management Inc. now owns 121,755 shares of the company’s stock valued at $1,060,000 after buying an additional 14,715 shares in the last quarter. Institutional investors own 39.20% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com cut Lee Enterprises from a “buy” rating to a “hold” rating in a research note on Wednesday, December 18th.

Insider Transactions at Lee Enterprises

In other Lee Enterprises news, major shareholder Raghav Nath Bahl sold 71,000 shares of the company’s stock in a transaction dated 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 transaction, the insider now directly owns 30,205 shares of the company’s stock, valued at $453,075. This represents a 70.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 11.40% of the stock is currently owned by company insiders.

Lee Enterprises Stock Up 2.0 %

Lee Enterprises stock opened at $14.03 on Monday. Lee Enterprises, Incorporated has a twelve month low of $7.57 and a twelve month high of $19.63. The company has a debt-to-equity ratio of 69.34, a quick ratio of 0.87 and a current ratio of 0.92. The firm has a market cap of $86.85 million, a PE ratio of -3.22 and a beta of 1.07. The firm’s 50 day moving average price is $15.83 and its two-hundred day moving average price is $12.46.

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.