Saga Communications (SGA) reported second-quarter 2026 net revenue of $26.4 million, down 6.5% from $28.2 million a year earlier. Net income was $960,000, compared with $1.1 million in the prior-year quarter, while diluted earnings per share were $0.15.
For the first six months of 2026, the company reported net revenue of $49.3 million and a net loss of $1.4 million. Saga said it held $27.8 million in cash and short-term investments as of June 30.
- Second-quarter operating income was $623,000, compared with $1.4 million a year earlier.
- Second-quarter station operating expense rose 5.4% to $23.4 million.
- Six-month operating loss was $2.6 million, compared with operating income of $889,000 in the prior-year period.
- Saga paid a quarterly dividend of $0.25 per share on June 12, totaling about $1.6 million.
- The company expects 2026 capital expenditures of approximately $3.0 million to $3.5 million.
$SGA Hedge Fund Activity
We have seen 11 institutional investors add shares of $SGA stock to their portfolio, and 7 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- MINERVA ADVISORS LLC removed 31,831 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $372,422
- MARQUETTE ASSET MANAGEMENT, LLC added 28,352 shares (+inf%) to their portfolio in Q2 2026, for an estimated $257,152
- DIMENSIONAL FUND ADVISORS LP removed 20,392 shares (-5.8%) from their portfolio in Q2 2026, for an estimated $184,955
- BANK OF AMERICA CORP /DE/ removed 16,955 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $198,373
- GEODE CAPITAL MANAGEMENT, LLC removed 7,539 shares (-10.5%) from their portfolio in Q2 2026, for an estimated $68,378
- LPL FINANCIAL LLC added 7,025 shares (+30.4%) to their portfolio in Q2 2026, for an estimated $63,716
- RENAISSANCE TECHNOLOGIES LLC removed 5,500 shares (-4.9%) from their portfolio in Q1 2026, for an estimated $64,349
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
