Towerview LLC Has Trimmed Its Position in Saga Communications INC (SGA) by $4.85 Million

June 20, 2017 - By Michael Collier

Investors sentiment increased to 1.29 in Q4 2016. Its up 0.23, from 1.06 in 2016Q3. It is positive, as 3 investors sold SGA shares while 14 reduced holdings. 7 funds opened positions while 15 raised stakes. 4.54 million shares or 1.17% less from 4.59 million shares in 2016Q3 were reported. American Interest Inc accumulated 0% or 2,101 shares. Denali Limited accumulated 52 shares. Legal And General Group Inc Public Ltd holds 0% or 1,068 shares. Bnp Paribas Arbitrage accumulated 0% or 199 shares. Citigroup accumulated 0% or 3,782 shares. State Of New Jersey Common Pension Fund D has invested 0.02% in Saga Communications, Inc. (NYSEMKT:SGA). Blackrock invested in 514 shares or 0% of the stock. Deutsche Savings Bank Ag holds 4,333 shares or 0% of its portfolio. Towerview Lc stated it has 1.21 million shares or 26.77% of all its holdings. Geode Capital Mngmt Ltd Liability Corporation invested in 27,793 shares or 0% of the stock. Moreover, California Employees Retirement Systems has 0% invested in Saga Communications, Inc. (NYSEMKT:SGA). Price T Rowe Associate Incorporated Md has invested 0.01% in Saga Communications, Inc. (NYSEMKT:SGA). California-based Schwab Charles Investment Mngmt has invested 0% in Saga Communications, Inc. (NYSEMKT:SGA). Blackrock Fund Advisors reported 122,546 shares or 0% of all its holdings. Thompson Siegel & Walmsley Limited Co owns 0% invested in Saga Communications, Inc. (NYSEMKT:SGA) for 600 shares.

Since December 21, 2016, it had 0 insider buys, and 33 insider sales for $2.43 million activity. On Thursday, March 30 TOWERVIEW LLC sold $157,392 worth of Saga Communications, Inc. (NYSEMKT:SGA) or 3,066 shares. The insider Stephens David B sold 3,932 shares worth $192,221. $20,200 worth of Saga Communications, Inc. (NYSEMKT:SGA) shares were sold by BUSH SAMUEL D. LOBAITO MARCIA had sold 394 shares worth $19,503. Shares for $150 were sold by BOBINSKI CATHERINE A on Wednesday, May 17. LADA WARREN S sold $101,312 worth of Saga Communications, Inc. (NYSEMKT:SGA) on Friday, June 2. Clarke Timothy J. had sold 100 shares worth $4,980.

Towerview Llc decreased its stake in Saga Communications Inc (SGA) by 7.41% based on its latest 2016Q4 regulatory filing with the SEC. Towerview Llc sold 97,020 shares as the company’s stock declined 1.03% while stock markets rallied. The institutional investor held 1.21M shares of the consumer services company at the end of 2016Q4, valued at $60.94 million, down from 1.31M at the end of the previous reported quarter. Towerview Llc who had been investing in Saga Communications Inc for a number of months, seems to be less bullish one the $294.58 million market cap company. It closed at $49.3 lastly. It is down 15.97% since June 20, 2016 and is uptrending. It has underperformed by 0.73% the S&P500.

More notable recent Saga Communications, Inc. (NYSEMKT:SGA) news were published by: Seekingalpha.com which released: “Saga Communications’ (SGA) CEO Ed Christian on Q4 2016 Results – Earnings Call …” on March 07, 2017, also Seekingalpha.com with their article: “Saga Communications’ (SGA) CEO Ed Christian on Q3 2016 Results – Earnings Call …” published on November 08, 2016, Prnewswire.com published: “Saga Communications, Inc. Declares Quarterly Cash Dividend of $0.30 per Share” on March 03, 2017. More interesting news about Saga Communications, Inc. (NYSEMKT:SGA) were released by: Prnewswire.com and their article: “Saga Communications, Inc. Enters into an Agreement to Acquire WLVQ-FM Serving …” published on November 04, 2015 as well as Prnewswire.com‘s news article titled: “Saga Communications, Inc. Enters into an Agreement to Acquire 3 FM and 2 AM …” with publication date: April 08, 2015.

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