Russell Investments Group Ltd. Reduces Stake in Saga Communications, Inc. (NYSEAMERICAN:SGA)
Russell Investments Group Ltd. lowered its stake in Saga Communications, Inc. (NYSEAMERICAN:SGA) by 38.1% in the 3rd quarter, Holdings Channel reports. The firm owned 3,831 shares of the company’s stock after selling 2,360 shares during the quarter. Russell Investments Group Ltd.’s holdings in Saga Communications were worth $114,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of SGA. BlackRock Inc. increased its holdings in shares of Saga Communications by 0.5% in the second quarter. BlackRock Inc. now owns 293,321 shares of the company’s stock worth $9,164,000 after purchasing an additional 1,502 shares during the period. Vanguard Group Inc. grew its position in Saga Communications by 1.6% during the second quarter. Vanguard Group Inc. now owns 203,519 shares of the company’s stock worth $6,358,000 after buying an additional 3,181 shares in the last quarter. Renaissance Technologies LLC grew its position in Saga Communications by 5.7% during the second quarter. Renaissance Technologies LLC now owns 153,955 shares of the company’s stock worth $4,810,000 after buying an additional 8,248 shares in the last quarter. Minerva Advisors LLC grew its position in Saga Communications by 42.4% during the second quarter. Minerva Advisors LLC now owns 135,914 shares of the company’s stock worth $4,175,000 after buying an additional 40,464 shares in the last quarter. Finally, Northern Trust Corp increased its stake in Saga Communications by 1.6% in the 2nd quarter. Northern Trust Corp now owns 55,451 shares of the company’s stock worth $1,732,000 after acquiring an additional 848 shares during the last quarter.
In other Saga Communications news, Director Warren S. Lada sold 992 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $29.91, for a total value of $29,670.72. Following the completion of the transaction, the director now owns 21,369 shares of the company’s stock, valued at approximately $639,146.79. The transaction was disclosed in a filing with the SEC, which is available through this link.
Saga Communications (NYSEAMERICAN:SGA) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.56 earnings per share (EPS) for the quarter. The business had revenue of $31.27 million for the quarter.
Saga Communications Company Profile
Saga Communications, Inc, a broadcast company, acquires, develops, and operates broadcast properties in the United States. The company's radio stations employ various programming formats, including classic hits, adult hits, top 40, country, country legends, mainstream/hot/soft adult contemporary, pure oldies, classic rock, and news/talk.
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