saga communications, inc. is a broadcast company whose business is primarily devoted to acquiring, developing and operating radio stations, television stations and state radio networks. saga currently owns or operates broadcast properties in 25 markets, including 62 fm and 30 am radio stations, a state radio network, 2 farm radio networks, 4 television stations and 4 low power television stations. saga's strategy is to operate top billing radio and television stations in mid sized markets, defined as markets ranked (by market revenues) from 20 to 200. saga's radio stations employ a myriad of programming formats, including classic hits, adult contemporary, active rock, oldies, news/talk, country and classical. saga's television stations are affiliated with cbs and fox in joplin, mo; abc, fox, nbc, telemundo and univision in victoria, tx. in operating its stations, saga concentrates on the development of strong decentralized local management, which is responsible for the day-to-day opera
Company profile
Ticker
SGA
Exchange
Website
CEO
Edward K. Christian
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
SAGA COMMUNICATIONS INC /DE/
SEC CIK
Corporate docs
Subsidiaries
Franklin Communications, Inc. • Saga South Communications, LLC • Saga Communications of Iowa, LLC • Lakefront Communications, LLC • Saga Communications of Tuckessee, LLC • Saga Broadcasting, LLC • Saga Communications of Illinois, LLC • Saga Communications of South Dakota, LLC • Tidewater Communications, LLC • Saga Communications of Arkansas, LLC ...
IRS number
383042953
SGA stock data
Latest filings (excl ownership)
ARS
2023 FY
Annual report to shareholders
11 Apr 24
DEF 14A
Definitive proxy
11 Apr 24
10-K
2023 FY
Annual report
15 Mar 24
8-K
Announces Variable Dividend Declaration and Reports 4th Quarter and Year End 2023 Results
7 Mar 24
8-K
Agrees to Acquire Radio Stations Serving the Greater Lafayette, IN Radio Market
13 Feb 24
8-K
Declares a Quarterly Cash Dividend of $0.25 per Share
7 Feb 24
8-K
Declares a Special Cash Dividend of $2.00 per Share
7 Dec 23
8-K
Declares a Quarterly Cash Dividend of $0.25 per Share
16 Nov 23
10-Q
2023 Q3
Quarterly report
9 Nov 23
8-K
Reports 3rd Quarter 2023 Results
2 Nov 23
Transcripts
SGA
Earnings call transcript
2023 Q4
7 Mar 24
SGA
Earnings call transcript
2023 Q3
2 Nov 23
SGA
Earnings call transcript
2023 Q2
8 Aug 23
SGA
Earnings call transcript
2023 Q1
3 May 23
SGA
Earnings call transcript
2022 Q4
9 Mar 23
SGA
Earnings call transcript
2022 Q3
3 Nov 22
SGA
Earnings call transcript
2022 Q2
5 Aug 22
SGA
Earnings call transcript
2022 Q1
5 May 22
SGA
Earnings call transcript
2021 Q4
11 Mar 22
SGA
Earnings call transcript
2021 Q3
6 Nov 21
Latest ownership filings
SC 13G/A
Edward K. Christian Trust
14 Feb 24
SC 13G/A
T. Rowe Price Investment Management, Inc.
14 Feb 24
SC 13G/A
GATE CITY CAPITAL MANAGEMENT, LLC
14 Feb 24
SC 13G/A
DIMENSIONAL FUND ADVISORS LP
9 Feb 24
144
Notice of proposed sale of securities
28 Dec 23
4
CLARKE ROGER BROWN JR
11 Dec 23
4
Timothy J. Clarke
11 Dec 23
4
Roy F Coppedge III
11 Dec 23
4
CATHERINE A BOBINSKI
11 Dec 23
4
WARREN S LADA
11 Dec 23
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Revenue | |||||
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 31.24 mm | 31.24 mm | 31.24 mm | 31.24 mm | 31.24 mm | 31.24 mm |
Cash burn (monthly) | (no burn) | 1.42 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | n/a | 9.44 mm | n/a | n/a | n/a | n/a |
Cash remaining | n/a | 21.80 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | n/a | 15.4 | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2023
70.8% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 39 |
Opened positions | 4 |
Closed positions | 5 |
Increased positions | 14 |
Reduced positions | 9 |
13F shares | Current |
---|---|
Total value | 63.16 bn |
Total shares | 4.43 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Towerview | 1.16 mm | $24.92 bn |
Edward K. Christian Trust | 783.59 k | $0.00 |
FMR | 400.45 k | $8.59 bn |
Dimensional Fund Advisors | 336.14 k | $7.21 bn |
Royce & Associates | 217.33 k | $4.66 bn |
Vanguard | 211.19 k | $4.53 bn |
Minerva Advisors | 204.79 k | $4.30 mm |
Gate City Capital Management | 192.73 k | $0.00 |
T. Rowe Price Investment Management | 183.72 k | $3.94 mm |
BLK Blackrock | 123.13 k | $2.64 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
7 Dec 23 | Christopher Forgy | Class A Common Stock | Grant | Acquire A | No | No | 0 | 36,110 | 0.00 | 50,586 |
7 Dec 23 | Samuel D Bush | Class A Common Stock | Grant | Acquire A | No | No | 0 | 12,519 | 0.00 | 45,988 |
7 Dec 23 | Michael W Schechter | Class A Common Stock | Grant | Acquire A | No | No | 0 | 1,515 | 0.00 | 1,515 |
7 Dec 23 | Wayne Leland | Class A Common Stock | Grant | Acquire A | No | No | 0 | 7,350 | 0.00 | 14,700 |
7 Dec 23 | Marcia Lobaito | Class A Common Stock | Payment of exercise | Dispose F | No | No | 20.41 | 409 | 8.35 k | 19,616 |
7 Dec 23 | Marcia Lobaito | Class A Common Stock | Grant | Acquire A | No | No | 0 | 2,597 | 0.00 | 20,025 |
News
Saga Communications Declared Variable Dividend Of $0.60 Per Share In Conjunction With Variable Dividend Policy, Dividend Will Be Paid On April 5, 2024
7 Mar 24
Recap: Saga Communications Q4 Earnings
7 Mar 24
Saga Communications Q4 EPS $0.37 Beats $0.31 Estimate, Sales $29.14M Beat $29.00M Estimate
7 Mar 24
Saga Communications, Inc. Agrees To Acquire Radio Stations Serving The Greater Lafayette, IN Radio Market; No Financial Terms Disclosed
13 Feb 24
Press releases
Saga Communications, Inc. Announces Date and Time of 4th Quarter and Year End 2023 Earnings Release and Conference Call
16 Feb 24
Saga Communications, Inc. Agrees to Acquire Radio Stations Serving the Greater Lafayette, IN Radio Market
13 Feb 24
Saga Communications, Inc. Declares a Quarterly Cash Dividend of $0.25 per Share
7 Feb 24