Lee Enterprises (NYSE:LEE) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Lee Enterprises, Incorporated (NYSE:LEE)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.31 and traded as high as $14.94. Lee Enterprises shares last traded at $14.65, with a volume of 18,243 shares changing hands.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Lee Enterprises from a “buy” rating to a “hold” rating in a research report on Wednesday, December 18th.

Lee Enterprises Price Performance

The company has a debt-to-equity ratio of 69.34, a current ratio of 0.92 and a quick ratio of 0.87. The firm has a market capitalization of $90.68 million, a P/E ratio of -3.36 and a beta of 1.02. The company’s 50 day moving average price is $16.44 and its 200 day moving average price is $12.32.

Insider Buying and Selling at Lee Enterprises

In other news, major shareholder Raghav Nath Bahl sold 71,000 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $15.00, for a total value of $1,065,000.00. Following the transaction, the insider now owns 30,205 shares of the company’s stock, valued at approximately $453,075. This trade represents a 70.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 11.40% of the company’s stock.

Institutional Investors Weigh In On Lee Enterprises

An institutional investor recently raised its position in Lee Enterprises stock. Gabelli Funds LLC raised its holdings in shares of Lee Enterprises, Incorporated (NYSE:LEE) by 11.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 123,441 shares of the company’s stock after acquiring an additional 12,900 shares during the period. Gabelli Funds LLC owned approximately 2.01% of Lee Enterprises worth $1,371,000 at the end of the most recent reporting period. 39.20% of the stock is currently owned by institutional investors.

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.