Bank of New York Mellon Corp Sells 16,054 Shares of Lee Enterprises, Incorporated (LEE)

Bank of New York Mellon Corp trimmed its holdings in shares of Lee Enterprises, Incorporated (NYSE:LEE) by 7.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 209,641 shares of the company’s stock after selling 16,054 shares during the period. Bank of New York Mellon Corp owned about 0.37% of Lee Enterprises, worth $398,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of LEE. BlueCrest Capital Management Ltd acquired a new position in shares of Lee Enterprises, during the 1st quarter worth about $104,000. California Public Employees Retirement System boosted its stake in shares of Lee Enterprises, by 26.0% during the 1st quarter. California Public Employees Retirement System now owns 199,845 shares of the company’s stock worth $520,000 after buying an additional 41,200 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Lee Enterprises, by 3.9% during the 1st quarter. Geode Capital Management LLC now owns 352,090 shares of the company’s stock worth $914,000 after buying an additional 13,140 shares during the last quarter. Morgan Stanley boosted its stake in shares of Lee Enterprises, by 23.9% during the 1st quarter. Morgan Stanley now owns 459,648 shares of the company’s stock worth $1,194,000 after buying an additional 88,676 shares during the last quarter. Finally, North Star Investment Management Corp. boosted its stake in shares of Lee Enterprises, by 21.0% during the 2nd quarter. North Star Investment Management Corp. now owns 1,067,000 shares of the company’s stock worth $2,027,000 after buying an additional 185,000 shares during the last quarter. Institutional investors own 31.81% of the company’s stock.

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A number of brokerages have recently issued reports on LEE. Zacks Investment Research raised shares of Lee Enterprises, from a “sell” rating to a “hold” rating in a report on Thursday, July 6th. TheStreet raised shares of Lee Enterprises, from a “d+” rating to a “c” rating in a report on Monday, October 9th.

Lee Enterprises, (NYSE:LEE) last released its earnings results on Thursday, August 3rd. The company reported $0.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.01). The company 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%.

Lee Enterprises, 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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