Shares of Lee Enterprises Inc. (NYSE:LEE) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.
Brokerages have set a 1 year consensus price target of $4.75 for the company, according to Zacks. Zacks has also assigned Lee Enterprises an industry rank of 75 out of 265 based on the ratings given to related companies.
Several equities research analysts have recently weighed in on the company. Zacks Investment Research upgraded Lee Enterprises from a “sell” rating to a “hold” rating in a research report on Wednesday, June 1st. TheStreet cut Lee Enterprises from a “hold” rating to a “sell” rating in a research report on Monday, June 6th.
Lee Enterprises (NYSE:LEE) traded down 3.940% on Thursday, hitting $3.535. 168,916 shares of the stock traded hands. The company has a market cap of $197.15 million, a price-to-earnings ratio of 4.311 and a beta of 1.61. Lee Enterprises has a 1-year low of $1.15 and a 1-year high of $3.92. The stock has a 50-day moving average price of $3.01 and a 200 day moving average price of $2.21.
Several large investors have recently made changes to their positions in LEE. Spark Investment Management LLC boosted its position in Lee Enterprises by 10.8% in the second quarter. Spark Investment Management LLC now owns 52,400 shares of the company’s stock valued at $100,000 after buying an additional 5,100 shares during the period. Alambic Investment Management L.P. boosted its position in Lee Enterprises by 17.5% in the second quarter. Alambic Investment Management L.P. now owns 108,641 shares of the company’s stock valued at $208,000 after buying an additional 16,189 shares during the period. Acadian Asset Management LLC boosted its position in Lee Enterprises by 15.7% in the second quarter. Acadian Asset Management LLC now owns 295,345 shares of the company’s stock valued at $563,000 after buying an additional 40,117 shares during the period. Vanguard Group Inc. boosted its position in Lee Enterprises by 3.7% in the second quarter. Vanguard Group Inc. now owns 1,687,748 shares of the company’s stock valued at $3,223,000 after buying an additional 60,830 shares during the period. Finally, Phoenix Investment Adviser LLC bought a new position in Lee Enterprises during the second quarter valued at $229,000. Hedge funds and other institutional investors own 31.41% of the company’s stock.
About Lee Enterprises
Lee Enterprises, Incorporated is a provider of local news and information, and a platform for advertising. The Company’s products include approximately 50 daily and approximately 38 Sunday newspapers with print and digital subscribers. The Company offers approximately 300 weekly newspapers, and classified and niche publications.
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