2 weeks Ago By ABMN Staff
Saga Communications, Inc. ( NASDAQ:SGA – Get Free Report ) was the recipient of a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 16,400 shares, a growth of 45.
1% from the August 31st total of 11,300 shares. Based on an average trading volume of 17,800 shares, the short-interest ratio is presently 0.9 days.
Saga Communications Stock Performance Saga Communications stock traded up $0.02 during midday trading on Friday, reaching $14.62.
The stock had a trading volume of 10,329 shares, compared to its average volume of 16,142. The firm has a market capitalization of $91.52 million, a PE ratio of 13.
05 and a beta of 0.26. Saga Communications has a 12 month low of $14.
06 and a 12 month high of $27.00. The company has a quick ratio of 2.
69, a current ratio of 2.69 and a debt-to-equity ratio of 0.03.
The firm’s 50-day moving average price is $14.96 and its 200 day moving average price is $17.91.
Saga Communications ( NASDAQ:SGA – Get Free Report ) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.
63 by ($0.23). Saga Communications had a net margin of 5.
51% and a return on equity of 4.00%. The business had revenue of $28.
74 million during the quarter. During the same period last year, the company earned $0.55 EPS.
As a group, research analysts predict that Saga Communications will post 0.49 earnings per share for the current fiscal year. Saga Communications Announces Dividend Institutional Inflows and Outflows Institutional investors have recently made changes to their positions in the company.
Gate City Capital Management LLC bought a new position in shares of Saga Communications in the fourth quarter worth approximately $10,195,000. Dimensional Fund Advisors LP grew its position in Saga Communications by 1.1% in the second quarter.
Dimensional Fund Advisors LP now owns 361,325 shares of the company’s stock worth $5,691,000 after acquiring an additional 4,015 shares in the last quarter. Renaissance Technologies LLC increased its stake in Saga Communications by 5.9% in the second quarter.
Renaissance Technologies LLC now owns 122,744 shares of the company’s stock valued at $1,933,000 after acquiring an additional 6,800 shares during the last quarter. Empowered Funds LLC raised its position in Saga Communications by 37.5% during the first quarter.
Empowered Funds LLC now owns 24,250 shares of the company’s stock valued at $541,000 after purchasing an additional 6,614 shares in the last quarter. Finally, Aristides Capital LLC lifted its stake in Saga Communications by 12.7% during the second quarter.
Aristides Capital LLC now owns 10,850 shares of the company’s stock worth $171,000 after purchasing an additional 1,220 shares during the last quarter. Institutional investors own 74.28% of the company’s stock.
Saga Communications Company Profile ( Get Free Report ) 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. Featured Stories Receive News & Ratings for Saga Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Saga Communications and related companies with MarketBeat.
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