Saga Communications (NASDAQ:SGA) Now Covered by StockNews.com

Research analysts at StockNews.com began coverage on shares of Saga Communications (NASDAQ:SGA - Get Free Report) in a report released on Saturday. The firm set a "hold" rating on the stock.

Saga Communications Trading Down 1.5 %

SGA stock traded down $0.18 during trading on Friday, reaching $11.50. The company had a trading volume of 2,455 shares, compared to its average volume of 16,972. Saga Communications has a 52 week low of $10.75 and a 52 week high of $23.56. The company has a market cap of $74.08 million, a P/E ratio of 15.97 and a beta of 0.21. The business has a 50 day moving average of $11.79 and a 200 day moving average of $12.35. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.64 and a quick ratio of 2.64.

Insider Activity at Saga Communications

In other Saga Communications news, major shareholder Edward K. Christian Trust sold 5,000 shares of Saga Communications stock in a transaction that occurred on 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 of the company's stock, valued at approximately $11,784,420. The trade was a 0.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold 12,555 shares of company stock valued at $158,926 over the last 90 days. Corporate insiders own 21.90% of the company's stock.

Hedge Funds Weigh In On Saga Communications

Several institutional investors have recently made changes to their positions in the business. Jane Street Group LLC bought a new stake in Saga Communications during the fourth quarter valued at about $115,000. Aristides Capital LLC lifted its holdings in Saga Communications by 12.1% during the fourth quarter. Aristides Capital LLC now owns 12,160 shares of the company's stock valued at $134,000 after purchasing an additional 1,310 shares in the last quarter. Northern Trust Corp increased its stake in shares of Saga Communications by 10.4% in the fourth quarter. Northern Trust Corp now owns 13,874 shares of the company's stock worth $153,000 after purchasing an additional 1,306 shares in the last quarter. Krilogy Financial LLC bought a new stake in shares of Saga Communications during the 4th quarter valued at $265,000. Finally, Empowered Funds LLC boosted its holdings in Saga Communications by 4.6% in the 4th quarter. Empowered Funds LLC now owns 28,637 shares of the company's stock worth $316,000 after buying an additional 1,247 shares during the period. Institutional investors own 74.28% of the company's stock.

About Saga Communications

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.

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