StockNews.com Begins Coverage on Lee Enterprises (NYSE:LEE)

StockNews.com started coverage on shares of Lee Enterprises (NYSE:LEE) in a research report sent to investors on Saturday. The brokerage issued a buy rating on the stock.

Lee Enterprises Stock Down 0.9 %

LEE stock opened at $8.71 on Friday. The firm’s fifty day simple moving average is $8.88 and its 200-day simple moving average is $11.09. The company has a market capitalization of $53.51 million, a P/E ratio of -4.39 and a beta of 1.22. The company has a debt-to-equity ratio of 69.34, a current ratio of 0.92 and a quick ratio of 0.87. Lee Enterprises has a 12 month low of $7.56 and a 12 month high of $15.89.

Lee Enterprises (NYSE:LEE) last released its quarterly earnings data on Thursday, August 1st. The company reported ($0.73) EPS for the quarter, missing the consensus estimate of $0.68 by ($1.41). Lee Enterprises had a negative net margin of 2.88% and a negative return on equity of 112.98%. The business had revenue of $150.58 million during the quarter, compared to analysts’ expectations of $165.48 million. During the same period last year, the company earned $0.25 earnings per share. As a group, equities research analysts forecast that Lee Enterprises will post -2.02 earnings per share for the current year.

Institutional Trading of Lee Enterprises

Hedge funds have recently added to or reduced their stakes in the company. Corsair Capital Management L.P. purchased a new stake in Lee Enterprises during the fourth quarter worth $128,000. Gabelli Funds LLC boosted its holdings in Lee Enterprises by 25.0% during the fourth quarter. Gabelli Funds LLC now owns 57,500 shares of the company’s stock worth $453,000 after buying an additional 11,500 shares in the last quarter. Wittenberg Investment Management Inc. boosted its holdings 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 in the last quarter. Finally, Gamco Investors INC. ET AL raised its position in Lee Enterprises by 94.8% during the first quarter. Gamco Investors INC. ET AL now owns 149,150 shares of the company’s stock worth $1,988,000 after acquiring an additional 72,600 shares during the period. 39.20% of the stock is owned by hedge funds and other institutional investors.

Lee Enterprises Company 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.