Saga Communications, Inc. (NYSEMKT:SGA) major shareholder Towerview Llc sold 7,656 shares of the firm’s stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $47.32, for a total value of $362,281.92. Following the completion of the sale, the insider now directly owns 1,299,000 shares of the company’s stock, valued at $61,468,680. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Towerview Llc also recently made the following trade(s):

  • On Monday, November 14th, Towerview Llc sold 2,094 shares of Saga Communications stock. The shares were sold at an average price of $47.80, for a total value of $100,093.20.
  • On Thursday, October 20th, Towerview Llc sold 86 shares of Saga Communications stock. The shares were sold at an average price of $47.00, for a total value of $4,042.00.
  • On Wednesday, October 19th, Towerview Llc sold 5,034 shares of Saga Communications stock. The shares were sold at an average price of $46.72, for a total value of $235,188.48.
  • On Tuesday, October 11th, Towerview Llc sold 139 shares of Saga Communications stock. The shares were sold at an average price of $46.50, for a total value of $6,463.50.
  • On Monday, October 10th, Towerview Llc sold 2,587 shares of Saga Communications stock. The shares were sold at an average price of $46.32, for a total value of $119,829.84.
  • On Tuesday, October 4th, Towerview Llc sold 413 shares of Saga Communications stock. The shares were sold at an average price of $46.20, for a total value of $19,080.60.

Shares of Saga Communications, Inc. (NYSEMKT:SGA) opened at 47.55 on Wednesday. The firm has a market capitalization of $278.64 million, a PE ratio of 16.50 and a beta of 1.55. Saga Communications, Inc. has a 52-week low of $35.77 and a 52-week high of $48.09. The stock has a 50 day moving average price of $44.64 and a 200-day moving average price of $42.51.

Insider Buying and Selling by Quarter for Saga Communications (NYSEMKT:SGA)

Hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Advisors LLC raised its stake in shares of Saga Communications by 12.7% in the third quarter. BlackRock Advisors LLC now owns 2,371 shares of the company’s stock worth $108,000 after buying an additional 268 shares during the last quarter. O Shaughnessy Asset Management LLC raised its stake in shares of Saga Communications by 702.5% in the second quarter. O Shaughnessy Asset Management LLC now owns 2,881 shares of the company’s stock worth $114,000 after buying an additional 2,522 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of Saga Communications by 94.2% in the second quarter. SG Americas Securities LLC now owns 4,974 shares of the company’s stock worth $197,000 after buying an additional 2,413 shares during the last quarter. Societe Generale purchased a new stake in shares of Saga Communications during the second quarter worth approximately $197,000. Finally, Teachers Advisors Inc. raised its stake in shares of Saga Communications by 7.1% in the second quarter. Teachers Advisors Inc. now owns 5,524 shares of the company’s stock worth $218,000 after buying an additional 366 shares during the last quarter.

About Saga Communications

Saga Communications, Inc is a broadcast company primarily engaged in acquiring, developing and operating broadcast properties. The Company owns and/or operates over four television stations and over five low-power television stations serving approximately two markets, and over 67 frequency modulation (FM) and 32 amplitude modulation (AM) radio stations serving approximately 20 markets, including Bellingham, Washington; Columbus, Ohio; Norfolk, Virginia; Milwaukee, Wisconsin; Manchester, New Hampshire; Des Moines, Iowa, and Joplin, Missouri.

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