Uniplan Investment Counsel Inc. lifted its position in Saga Communications, Inc. (NYSEMKT:SGA) by 66.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 223,264 shares of the company’s stock after purchasing an additional 89,519 shares during the period. Uniplan Investment Counsel Inc. owned about 3.78% of Saga Communications worth $10,214,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently made changes to their positions in SGA. American International Group Inc. grew its stake in Saga Communications by 7.0% during the first quarter. American International Group Inc. now owns 2,248 shares of the company’s stock valued at $115,000 after acquiring an additional 147 shares in the last quarter. SG Americas Securities LLC purchased a new position in Saga Communications during the first quarter valued at $139,000. LSV Asset Management grew its stake in Saga Communications by 222.3% during the second quarter. LSV Asset Management now owns 4,774 shares of the company’s stock valued at $218,000 after acquiring an additional 3,293 shares in the last quarter. Bessemer Group Inc. grew its stake in Saga Communications by 2.1% during the second quarter. Bessemer Group Inc. now owns 4,800 shares of the company’s stock valued at $220,000 after acquiring an additional 100 shares in the last quarter. Finally, Teachers Advisors LLC grew its stake in Saga Communications by 9.3% during the fourth quarter. Teachers Advisors LLC now owns 6,035 shares of the company’s stock valued at $304,000 after acquiring an additional 511 shares in the last quarter.
Several research firms recently weighed in on SGA. BidaskClub cut shares of Saga Communications from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 8th. ValuEngine cut shares of Saga Communications from a “buy” rating to a “hold” rating in a research note on Friday, July 14th.
Shares of Saga Communications, Inc. (NYSEMKT SGA) traded down 1.15% during trading on Tuesday, hitting $43.10. 100 shares of the company’s stock were exchanged. Saga Communications, Inc. has a 12-month low of $37.75 and a 12-month high of $52.05. The company has a 50-day moving average of $40.35 and a 200-day moving average of $46.98. The company has a market cap of $254.59 million, a P/E ratio of 15.11 and a beta of 1.55.
Saga Communications (NYSEMKT:SGA) last released its earnings results on Thursday, August 3rd. The company reported $0.57 earnings per share (EPS) for the quarter. Saga Communications had a net margin of 11.15% and a return on equity of 9.60%. The business had revenue of $30.26 million during the quarter. On average, equities analysts expect that Saga Communications, Inc. will post $2.21 earnings per share for the current fiscal year.
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Saga Communications Company Profile
Saga Communications, Inc is a broadcast company engaged in acquiring, developing and operating broadcast properties. The Company’s segments are Radio, Television, and Corporate and Other. As of February 28, 2017, it owned and/or operated four television stations and five low-power television (LPTV) stations serving two markets, and 68 frequency modulation (FM) and 32 amplitude modulation (AM) radio stations serving 24 markets, including Bellingham, Washington; Columbus, Ohio; Norfolk, Virginia; Milwaukee, Wisconsin; Manchester, New Hampshire; Des Moines, Iowa, and Joplin, Missouri.
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