Lee Enterprises (NYSE:LEE) Now Covered by StockNews.com

by · The Cerbat Gem

StockNews.com initiated coverage on shares of Lee Enterprises (NYSE:LEE – Free Report) in a research report sent to investors on Sunday. The firm issued a buy rating on the stock.

Lee Enterprises Stock Performance

Shares of NYSE LEE opened at $9.64 on Friday. The firm has a 50 day moving average of $8.74 and a 200 day moving average of $10.90. The company has a current ratio of 0.92, a quick ratio of 0.87 and a debt-to-equity ratio of 69.34. The firm has a market capitalization of $59.22 million, a price-to-earnings ratio of -4.80 and a beta of 1.21. Lee Enterprises has a 12-month low of $7.56 and a 12-month high of $15.89.

Lee Enterprises (NYSE:LEE – Get Free Report) last posted its quarterly earnings results on Thursday, August 1st. The company reported ($0.73) earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($1.41). The firm had revenue of $150.58 million during the quarter, compared to the consensus estimate of $165.48 million. Lee Enterprises had a negative return on equity of 112.98% and a negative net margin of 2.88%. During the same quarter in the previous year, the company earned $0.25 earnings per share. On average, research analysts anticipate that Lee Enterprises will post -2.02 earnings per share for the current year.

Hedge Funds Weigh In On Lee Enterprises

A number of hedge funds have recently modified their holdings of the company. Gabelli Funds LLC boosted its position in shares of Lee Enterprises by 25.0% in the fourth quarter. Gabelli Funds LLC now owns 57,500 shares of the company’s stock worth $453,000 after purchasing an additional 11,500 shares during the period. Corsair Capital Management L.P. bought a new position in shares of Lee Enterprises during the fourth quarter worth $128,000. Finally, Gamco Investors INC. ET AL boosted its position in shares of 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 last quarter. 39.20% of the stock is currently owned by institutional investors.

About Lee Enterprises

(Get Free Report)

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.

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