Saga Communications, Inc. (NYSEAMERICAN:SGA)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.00 and traded as high as $30.94. Saga Communications shares last traded at $30.15, with a volume of 2,226 shares.
In other news, Director Warren S. Lada sold 992 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $29.91, for a total transaction of $29,670.72. Following the sale, the director now directly owns 21,369 shares of the company’s stock, valued at $639,146.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Several institutional investors and hedge funds have recently added to or reduced their stakes in SGA. Minerva Advisors LLC grew its stake in shares of Saga Communications by 42.4% during the second quarter. Minerva Advisors LLC now owns 135,914 shares of the company’s stock valued at $4,175,000 after purchasing an additional 40,464 shares during the last quarter. Seizert Capital Partners LLC bought a new stake in shares of Saga Communications during the second quarter valued at approximately $704,000. Renaissance Technologies LLC lifted its holdings in Saga Communications by 5.7% in the second quarter. Renaissance Technologies LLC now owns 153,955 shares of the company’s stock valued at $4,810,000 after buying an additional 8,248 shares during the period. Towerview LLC lifted its holdings in Saga Communications by 0.7% in the second quarter. Towerview LLC now owns 1,170,000 shares of the company’s stock valued at $36,551,000 after buying an additional 8,064 shares during the period. Finally, Panagora Asset Management Inc. acquired a new position in Saga Communications in the second quarter valued at approximately $219,000.
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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