Lee Enterprises (LEE) reported preliminary fiscal third-quarter 2026 results for the period ended June 28, 2026, with total operating revenue of $126 million and net income of $5 million. The company said digital revenue was $72 million, representing 57% of total operating revenue.
Lee also raised its fiscal 2026 outlook for Adjusted EBITDA, now expecting year-over-year growth of 22% to 28%. The company ended the quarter with $59 million in cash and $455 million of debt outstanding.
- Total operating revenue was $126 million in the quarter.
- Net income totaled $5 million, an improvement of $7 million from the prior-year quarter.
- Adjusted EBITDA was $18 million, up 23% year over year.
- Digital-only subscription revenue totaled $22 million, with 584,000 digital-only subscribers at quarter-end.
- Digital advertising and marketing services revenue totaled $45 million.
- Total print revenue was $54 million.
- Cash on the balance sheet totaled $59 million at quarter-end.
$LEE Insider Trading Activity
$LEE insiders have traded $LEE stock on the open market 60 times in the past 6 months. Of those trades, 58 have been purchases and 2 have been sales.
Here’s a breakdown of recent trading of $LEE stock by insiders over the last 6 months:
- DIGITAL LTD QUINT has made 19 purchases buying 2,481,800 shares for an estimated $8,239,661 and 0 sales.
- DAVID HENRY HOFFMANN has made 39 purchases buying 545,400 shares for an estimated $5,062,535 and 0 sales.
- BRENT MAGID sold 26,804 shares for an estimated $243,380
- HERBERT W III MOLONEY sold 24,000 shares for an estimated $235,680
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$LEE Hedge Fund Activity
We have seen 22 institutional investors add shares of $LEE stock to their portfolio, and 9 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- SOLAS CAPITAL MANAGEMENT, LLC added 1,211,738 shares (+256.3%) to their portfolio in Q1 2026, for an estimated $10,433,064
- CABLE CAR CAPITAL, LP removed 300,000 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $2,583,000
- PRIVATE ADVISOR GROUP, LLC added 288,000 shares (+576.0%) to their portfolio in Q2 2026, for an estimated $2,580,480
- CANNELL CAPITAL LLC added 227,435 shares (+110.5%) to their portfolio in Q1 2026, for an estimated $1,958,215
- MILLENNIUM MANAGEMENT LLC added 102,248 shares (+inf%) to their portfolio in Q1 2026, for an estimated $880,355
- SUSQUEHANNA INTERNATIONAL GROUP, LLP added 73,438 shares (+701.7%) to their portfolio in Q1 2026, for an estimated $632,301
- GEODE CAPITAL MANAGEMENT, LLC added 59,182 shares (+123.8%) to their portfolio in Q1 2026, for an estimated $509,557
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
