LSV Asset Management Increases Position in Saga Communications, Inc. (SGA)
LSV Asset Management boosted its position in Saga Communications, Inc. (NYSEMKT:SGA) by 222.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 4,774 shares of the company’s stock after acquiring an additional 3,293 shares during the period. LSV Asset Management owned 0.08% of Saga Communications worth $218,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in SGA. FMR LLC grew its holdings in Saga Communications by 5.0% during the 1st quarter. FMR LLC now owns 462,115 shares of the company’s stock valued at $23,591,000 after buying an additional 22,079 shares in the last quarter. Royce & Associates LP grew its holdings in Saga Communications by 0.8% during the 2nd quarter. Royce & Associates LP now owns 653,344 shares of the company’s stock valued at $29,890,000 after buying an additional 4,962 shares in the last quarter. Martingale Asset Management L P grew its holdings in Saga Communications by 88.5% during the 1st quarter. Martingale Asset Management L P now owns 9,801 shares of the company’s stock valued at $501,000 after buying an additional 4,601 shares in the last quarter. Uniplan Investment Counsel Inc. grew its holdings in Saga Communications by 2.1% during the 1st quarter. Uniplan Investment Counsel Inc. now owns 133,745 shares of the company’s stock valued at $6,827,000 after buying an additional 2,798 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in Saga Communications during the 1st quarter valued at about $139,000.
Saga Communications, Inc. (NYSEMKT:SGA) opened at 42.70 on Tuesday. The firm’s 50-day moving average price is $41.33 and its 200-day moving average price is $46.68. Saga Communications, Inc. has a 12-month low of $37.75 and a 12-month high of $52.05. The stock has a market cap of $252.23 million, a price-to-earnings ratio of 14.97 and a beta of 1.55.
Saga Communications (NYSEMKT:SGA) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $0.57 EPS for the quarter. Saga Communications had a return on equity of 9.60% and a net margin of 11.15%. The firm had revenue of $30.26 million for the quarter. On average, equities analysts predict that Saga Communications, Inc. will post $2.21 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Monday, September 25th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.81%. The ex-dividend date is Friday, September 22nd. Saga Communications’s dividend payout ratio (DPR) is currently 40.00%.
A number of research analysts have weighed in on the company. BidaskClub lowered Saga Communications from a “sell” rating to a “strong sell” rating in a report on Saturday, July 8th. ValuEngine raised Saga Communications from a “hold” rating to a “buy” rating in a report on Thursday, July 6th.
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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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