Quint Digital Ltd, which is listed as a ten-percent owner of Lee Enterprises, Inc. (NASDAQ: LEE), purchased 2,451,346 shares of Lee common stock on February 5, 2026, at $3.25 per share, as disclosed in a Form 4 filing with the Securities and Exchange Commission. The acquisition amounted to $7,966,874 and raised Quint Digital Ltd's direct stake in the company to 3,214,346 shares.
The Form 4 notes that Ms. Ritu Kapur and Mr. Vidur Bahl beneficially hold 250 and 30,205 shares of Lee Enterprises, Incorporated common stock, respectively. The filing bears the signature of /s/ Raghav Bahl, Director, who signed on behalf of Quint Digital Limited on February 11, 2026.
Separately, Lee Enterprises released its first quarter 2026 financial results, which the company said included a significant increase in digital revenue. Management reported adjusted EBITDA growth of 61% compared with the prior year period. The company’s earnings per share for the quarter came in at -$0.90, missing the consensus forecast of -$0.69.
Despite the earnings-per-share shortfall relative to the forecast, Lee Enterprises experienced a positive move in pre-market trading. Market participants attributed the early trading reaction to the company's stronger digital performance and the strategic initiatives management highlighted in the quarterly report.
The company did not report any mergers or acquisitions during the period, and there were no recent analyst upgrades or downgrades referenced in the disclosures accompanying the results. Investors remain attentive to the mix of improving digital revenue and the earnings shortfall as they assess Lee Enterprises' financial position and progress on strategic objectives.
These developments - the insider purchase by a significant shareholder and the mixed earnings message combining robust digital growth and a missed EPS estimate - are being monitored by market participants assessing prospects for the media and equity markets where Lee operates.