Saga Communications, Inc. (NYSEMKT:SGA) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a report issued on Friday.

Separately, BidaskClub lowered Saga Communications from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 8th.

Shares of Saga Communications (NYSEMKT SGA) traded up 0.06% during mid-day trading on Friday, reaching $44.80. 2,388 shares of the company’s stock were exchanged. Saga Communications has a one year low of $37.88 and a one year high of $52.05. The stock has a 50-day moving average of $48.79 and a 200 day moving average of $49.99. The firm has a market capitalization of $264.68 million, a P/E ratio of 15.59 and a beta of 1.55.

Saga Communications (NYSEMKT:SGA) last announced its quarterly earnings data on Thursday, May 4th. The company reported $0.32 EPS for the quarter. The business had revenue of $31.41 million during the quarter. Saga Communications had a return on equity of 5.64% and a net margin of 6.17%. On average, analysts forecast that Saga Communications will post $2.21 EPS for the current fiscal year.

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In other news, CFO Samuel D. Bush sold 1,574 shares of Saga Communications stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $49.00, for a total value of $77,126.00. Following the completion of the transaction, the chief financial officer now owns 17,864 shares of the company’s stock, valued at approximately $875,336. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director David B. Stephens sold 3,932 shares of Saga Communications stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $48.89, for a total value of $192,235.48. Following the completion of the transaction, the director now directly owns 1,932 shares of the company’s stock, valued at approximately $94,455.48. The disclosure for this sale can be found here. Insiders have sold 41,683 shares of company stock valued at $2,127,932 in the last three months.

Several institutional investors have recently bought and sold shares of SGA. FMR LLC raised its position in Saga Communications by 5.0% in the first quarter. FMR LLC now owns 462,115 shares of the company’s stock valued at $23,591,000 after buying an additional 22,079 shares in the last quarter. Vanguard Group Inc. raised its position in Saga Communications by 0.9% in the first quarter. Vanguard Group Inc. now owns 144,726 shares of the company’s stock valued at $7,389,000 after buying an additional 1,332 shares in the last quarter. Renaissance Technologies LLC raised its position in Saga Communications by 1.9% in the first quarter. Renaissance Technologies LLC now owns 138,200 shares of the company’s stock valued at $7,055,000 after buying an additional 2,600 shares in the last quarter. Uniplan Investment Counsel Inc. raised its position in Saga Communications by 2.1% in the first quarter. Uniplan Investment Counsel Inc. now owns 133,745 shares of the company’s stock valued at $6,827,000 after buying an additional 2,798 shares in the last quarter. Finally, State Street Corp raised its position in Saga Communications by 3.3% in the fourth quarter. State Street Corp now owns 57,299 shares of the company’s stock valued at $2,882,000 after buying an additional 1,810 shares in the last quarter.

About Saga Communications

Saga Communications, Inc is a broadcast company engaged in acquiring, developing and operating broadcast properties. The Company’s segments are Radio, Television, and Corporate and Other. As of February 28, 2017, it owned and/or operated four television stations and five low-power television (LPTV) stations serving two markets, and 68 frequency modulation (FM) and 32 amplitude modulation (AM) radio stations serving 24 markets, including Bellingham, Washington; Columbus, Ohio; Norfolk, Virginia; Milwaukee, Wisconsin; Manchester, New Hampshire; Des Moines, Iowa, and Joplin, Missouri.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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