GSA Capital Partners LLP Lowers Stake in Lee Enterprises, Incorporated (LEE)

GSA Capital Partners LLP trimmed its position in shares of Lee Enterprises, Incorporated (NYSE:LEE) by 17.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 312,681 shares of the company’s stock after selling 64,800 shares during the quarter. GSA Capital Partners LLP owned 0.55% of Lee Enterprises, worth $594,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the company. Geode Capital Management LLC raised its position in shares of 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. BlueCrest Capital Management Ltd acquired a new position in shares of Lee Enterprises, during the first quarter worth approximately $104,000. California Public Employees Retirement System raised its position in shares of Lee Enterprises, by 26.0% during the first quarter. California Public Employees Retirement System now owns 199,845 shares of the company’s stock worth $520,000 after purchasing an additional 41,200 shares during the period. Morgan Stanley raised its position in shares of Lee Enterprises, by 23.9% during the first quarter. Morgan Stanley now owns 459,648 shares of the company’s stock worth $1,194,000 after purchasing an additional 88,676 shares during the period. Finally, Phoenix Investment Adviser LLC acquired a new position in shares of Lee Enterprises, during the second quarter worth approximately $193,000. 31.85% of the stock is currently owned by institutional investors.

Lee Enterprises, Incorporated (NYSE LEE) opened at 2.40 on Monday. The firm has a market capitalization of $136.12 million, a price-to-earnings ratio of 5.41 and a beta of 2.14. Lee Enterprises, Incorporated has a 12 month low of $1.75 and a 12 month high of $3.65. The stock’s 50 day moving average price is $2.13 and its 200-day moving average price is $2.16.

Lee Enterprises, (NYSE:LEE) last released its earnings results on Thursday, August 3rd. The company reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.01). The firm 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%. Equities analysts anticipate that Lee Enterprises, Incorporated will post $0.42 EPS for the current fiscal year.

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Separately,

Several other large investors have also recently modified their holdings of the company. Geode Capital Management LLC raised its position in shares of 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. BlueCrest Capital Management Ltd acquired a new position in shares of Lee Enterprises, during the first quarter worth approximately $104,000. California Public Employees Retirement System raised its position in shares of Lee Enterprises, by 26.0% during the first quarter. California Public Employees Retirement System now owns 199,845 shares of the company’s stock worth $520,000 after purchasing an additional 41,200 shares during the period. Morgan Stanley raised its position in shares of Lee Enterprises, by 23.9% during the first quarter. Morgan Stanley now owns 459,648 shares of the company’s stock worth $1,194,000 after purchasing an additional 88,676 shares during the period. Finally, Phoenix Investment Adviser LLC acquired a new position in shares of Lee Enterprises, during the second quarter worth approximately $193,000. 31.85% of the stock is currently owned by institutional investors.

Lee Enterprises, Incorporated (NYSE LEE) opened at 2.40 on Monday. The firm has a market capitalization of $136.12 million, a price-to-earnings ratio of 5.41 and a beta of 2.14. Lee Enterprises, Incorporated has a 12 month low of $1.75 and a 12 month high of $3.65. The stock’s 50 day moving average price is $2.13 and its 200-day moving average price is $2.16.

Lee Enterprises, (NYSE:LEE) last released its earnings results on Thursday, August 3rd. The company reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.01). The firm 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%. Equities analysts anticipate that Lee Enterprises, Incorporated will post $0.42 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This piece was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this piece on another website, it was illegally copied and reposted in violation of United States and international copyright & trademark laws. The original version of this piece can be accessed at https://ledgergazette.com/2017/10/09/gsa-capital-partners-llp-lowers-stake-in-lee-enterprises-incorporated-lee.html.

Separately, Zacks Investment Research raised Lee Enterprises, from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th.

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.

Institutional Ownership by Quarter for Lee Enterprises, (NYSE:LEE)

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