Saga Communications, Inc. (NYSEMKT:SGA) major shareholder Towerview Llc sold 4,491 shares of the firm’s stock in a transaction dated Friday, November 18th. The shares were sold at an average price of $48.12, for a total value of $216,106.92. Following the transaction, the insider now owns 1,290,478 shares of the company’s stock, valued at $62,097,801.36. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Large shareholders that own at least 10% 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 Friday, November 11th, Towerview Llc sold 7,656 shares of Saga Communications stock. The shares were sold at an average price of $47.32, for a total value of $362,281.92.
  • 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) traded down 1.086% during trading on Tuesday, hitting $48.072. The stock had a trading volume of 190 shares. The firm has a market cap of $281.70 million, a price-to-earnings ratio of 16.686 and a beta of 1.55. Saga Communications, Inc. has a 12-month low of $35.77 and a 12-month high of $48.75. The stock has a 50-day moving average of $45.29 and a 200 day moving average of $42.75.

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

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in Saga Communications by 0.4% in the second quarter. Vanguard Group Inc. now owns 146,326 shares of the company’s stock valued at $5,786,000 after buying an additional 531 shares during the last quarter. Uniplan Investment Counsel Inc. raised its position in Saga Communications by 4.4% in the third quarter. Uniplan Investment Counsel Inc. now owns 128,153 shares of the company’s stock valued at $5,810,000 after buying an additional 5,412 shares during the last quarter. BlackRock Fund Advisors raised its position in Saga Communications by 9.0% in the third quarter. BlackRock Fund Advisors now owns 103,797 shares of the company’s stock valued at $4,706,000 after buying an additional 8,608 shares during the last quarter. WCM Investment Management CA raised its position in Saga Communications by 1.8% in the third quarter. WCM Investment Management CA now owns 41,865 shares of the company’s stock valued at $1,898,000 after buying an additional 730 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in Saga Communications by 1.7% in the third quarter. Bank of New York Mellon Corp now owns 26,021 shares of the company’s stock valued at $1,180,000 after buying an additional 429 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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