Saga Communications (NASDAQ:SGA) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of Saga Communications (NASDAQ:SGA) in a research note published on Friday morning. The firm issued a hold rating on the stock.

Saga Communications Trading Up 0.2 %

NASDAQ:SGA opened at $11.77 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.64 and a quick ratio of 2.64. Saga Communications has a one year low of $10.75 and a one year high of $21.41. The company has a market cap of $75.82 million, a PE ratio of 16.35 and a beta of 0.22. The firm has a 50-day moving average of $11.77 and a 200-day moving average of $12.15.

Saga Communications (NASDAQ:SGA) last issued its quarterly earnings data on Thursday, May 8th. The company reported ($0.25) EPS for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.08. Saga Communications had a return on equity of 3.22% and a net margin of 4.24%. The firm had revenue of $24.21 million during the quarter, compared to analyst estimates of $23.00 million. As a group, equities research analysts expect that Saga Communications will post 0.23 EPS for the current fiscal year.

Insiders Place Their Bets

In other Saga Communications news, major shareholder Edward K. Christian Trust sold 5,000 shares of the stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $12.56, for a total value of $62,800.00. Following the completion of the sale, the insider now owns 938,250 shares in the company, valued at approximately $11,784,420. This trade represents a 0.53 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have sold 5,033 shares of company stock valued at $63,218 in the last three months. 22.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Saga Communications

Several institutional investors have recently modified their holdings of the business. Bridgeway Capital Management LLC lifted its holdings in Saga Communications by 1.1% during the fourth quarter. Bridgeway Capital Management LLC now owns 78,053 shares of the company’s stock worth $861,000 after acquiring an additional 847 shares during the period. Empowered Funds LLC increased its position in shares of Saga Communications by 4.6% during the 4th quarter. Empowered Funds LLC now owns 28,637 shares of the company’s stock valued at $316,000 after purchasing an additional 1,247 shares during the last quarter. Northern Trust Corp raised its stake in shares of Saga Communications by 10.4% during the 4th quarter. Northern Trust Corp now owns 13,874 shares of the company’s stock worth $153,000 after purchasing an additional 1,306 shares during the period. Aristides Capital LLC boosted its holdings in shares of Saga Communications by 12.1% in the 4th quarter. Aristides Capital LLC now owns 12,160 shares of the company’s stock worth $134,000 after buying an additional 1,310 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Saga Communications by 0.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 354,831 shares of the company’s stock valued at $3,914,000 after buying an additional 1,770 shares during the period. 74.28% of the stock is owned by institutional investors.

Saga Communications Company Profile

Saga Communications, Inc, a media company, engages in acquiring, developing, and operating broadcast properties in the United States. The company's radio stations employ various programming formats, including classic hits, country, classic country, hot/soft/urban adult contemporary, oldies, classic rock, rock, and news/talk.