Lee Enterprises (NYSE:LEE) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Lee Enterprises, Incorporated (NYSE:LEE) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $12.41 and traded as high as $14.87. Lee Enterprises shares last traded at $14.06, with a volume of 61,565 shares changing hands.

Analyst Ratings Changes

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

Lee Enterprises Stock Performance

The stock’s 50-day moving average price is $16.15 and its 200-day moving average price is $12.41. 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 company has a market capitalization of $87.03 million, a P/E ratio of -3.22 and a beta of 1.07.

Insiders Place Their Bets

In other Lee Enterprises news, major shareholder Raghav Nath Bahl sold 71,000 shares of the stock in a transaction on 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 sale, the insider now directly owns 30,205 shares of the company’s stock, valued at $453,075. This trade represents a 70.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 11.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Lee Enterprises

A hedge fund recently raised its stake in Lee Enterprises stock. Wittenberg Investment Management Inc. raised its position in shares of Lee Enterprises, Incorporated (NYSE:LEE) by 13.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 121,755 shares of the company’s stock after purchasing an additional 14,715 shares during the period. Wittenberg Investment Management Inc. owned 1.97% of Lee Enterprises worth $1,060,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 39.20% of the company’s stock.

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.