Lee Enterprises, Incorporated (NYSE:LEE) was upgraded by equities research analysts at TheStreet from a “d+” rating to a “c” rating in a note issued to investors on Monday.
Separately, Zacks Investment Research upgraded shares of Lee Enterprises, from a “sell” rating to a “hold” rating in a research note on Thursday, July 6th.
Lee Enterprises, (NYSE:LEE) opened at 2.40 on Monday. The firm has a market cap of $136.12 million, a PE ratio of 5.41 and a beta of 2.14. The company has a 50 day moving average price of $2.15 and a 200 day moving average price of $2.16. Lee Enterprises, has a 1-year low of $1.75 and a 1-year high of $3.65.
Lee Enterprises, (NYSE:LEE) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $0.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.01). The business had revenue of $139.36 million during the quarter. Lee Enterprises, had a net margin of 4.30% and a negative return on equity of 16.83%. On average, equities research analysts forecast that Lee Enterprises, will post $0.42 earnings per share for the current year.
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A number of institutional investors and hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC lifted its stake in Lee Enterprises, by 3.9% during the first quarter. Geode Capital Management LLC now owns 352,090 shares of the company’s stock worth $914,000 after purchasing an additional 13,140 shares during the period. Vanguard Group Inc. lifted its stake in Lee Enterprises, by 1.3% during the second quarter. Vanguard Group Inc. now owns 1,972,683 shares of the company’s stock worth $3,749,000 after purchasing an additional 25,157 shares during the period. Graham Capital Management L.P. lifted its stake in Lee Enterprises, by 22.1% during the second quarter. Graham Capital Management L.P. now owns 184,528 shares of the company’s stock worth $351,000 after purchasing an additional 33,400 shares during the period. California Public Employees Retirement System lifted its stake in Lee Enterprises, by 16.8% during the second quarter. California Public Employees Retirement System now owns 233,445 shares of the company’s stock worth $444,000 after purchasing an additional 33,600 shares during the period. Finally, BlueCrest Capital Management Ltd bought a new position in Lee Enterprises, during the first quarter worth about $104,000. Hedge funds and other institutional investors own 31.85% of the company’s stock.
Lee Enterprises, Company Profile
Lee Enterprises, Incorporated is a provider of local news and information, and a platform for print and digital advertising. The Company’s products included 46 daily and 34 Sunday newspapers, 300 weekly newspapers, and classified and niche publications, as of September 25, 2016. The Company also provides a range of digital products, including video, digital couponing, behavioral targeting, audience retargeting, banner advertisements and social networking.
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