Lee Enterprises, Incorporated (NYSE:LEE) was in 4 hedge funds’ portfolio at the end of December. LEE shareholders have witnessed a decrease in support from the world’s most elite money managers lately. There were 5 hedge funds in our database with LEE holdings at the end of the previous quarter.
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Now, let’s take a glance at the recent action regarding Lee Enterprises, Incorporated (NYSE:LEE).
How are hedge funds trading Lee Enterprises, Incorporated (NYSE:LEE)?
Heading into 2013, a total of 4 of the hedge funds we track were bullish in this stock, a change of -20% from the previous quarter.
Judging by the fact that Lee Enterprises, Incorporated (NYSE:LEE) has witnessed bearish sentiment from the entirety of the hedge funds we track, it’s safe to say that there exists a select few money managers that decided to sell off their full holdings at the end of the year. Intriguingly, Gregory Fraser, Rudolph Kluiber, and Timothy Kroch’s GRT Capital Partners sold off the biggest investment of the 450+ funds we key on, totaling about $0.1 million in stock. These transactions are intriguing to say the least, as aggregate hedge fund interest dropped by 1 funds at the end of the year.
How have insiders been trading Lee Enterprises, Incorporated (NYSE:LEE)?
Bullish insider trading is at its handiest when the company in focus has experienced transactions within the past half-year. Over the latest six-month time frame, Lee Enterprises, Incorporated (NYSE:LEE) has experienced zero unique insiders buying, and zero insider sales (see the details of insider trades here).
Let’s also review hedge fund and insider activity in other stocks similar to Lee Enterprises, Incorporated (NYSE:LEE). These stocks are Journal Communications, Inc. (NYSE:JRN), The McClatchy Company (NYSE:MNI), Media General, Inc. (NYSE:MEG), and A. H. Belo Corporation (NYSE:AHC). All of these stocks are in the publishing – newspapers industry and their market caps match LEE’s market cap.