Saga Communications (SGA) reported third-quarter 2026 net revenue of $26.7 million, down 5.4% from $28.2 million a year earlier. The company posted a net loss of $7.1 million, or $1.11 per basic and diluted share, compared with a $532,000 net loss in the prior-year quarter.
The quarter included a $9.2 million non-cash impairment charge related to FCC license values. Saga declared a quarterly cash dividend of $0.25 per share, payable December 11, 2026.
- Net operating revenue was $26.656 million, versus $28.166 million in the third quarter of 2025.
- Operating loss was $9.775 million, compared with an operating loss of $626,000 a year earlier.
- Cash and short-term investments totaled $23.5 million as of September 30, 2026.
- Gross political revenue was $1.2 million in the quarter, and the company had about $3.6 million sold for the fourth quarter.
- The dividend record date is November 23, 2026, with an aggregate payment of about $1.6 million.
$SGA Hedge Fund Activity
We have seen 9 institutional investors add shares of $SGA stock to their portfolio, and 10 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- DIMENSIONAL FUND ADVISORS LP removed 29,122 shares (-8.8%) from their portfolio in Q3 2026, for an estimated $239,965
- MARQUETTE ASSET MANAGEMENT, LLC removed 28,352 shares (-100.0%) from their portfolio in Q3 2026, for an estimated $233,620
- PEAPOD LANE CAPITAL LLC removed 13,278 shares (-6.3%) from their portfolio in Q3 2026, for an estimated $109,410
- GOLDMAN SACHS GROUP INC removed 12,238 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $110,998
- HRT FINANCIAL LP added 12,207 shares (+inf%) to their portfolio in Q2 2026, for an estimated $110,717
- LPL FINANCIAL LLC added 5,975 shares (+19.8%) to their portfolio in Q3 2026, for an estimated $49,234
- GEODE CAPITAL MANAGEMENT, LLC removed 5,537 shares (-8.6%) from their portfolio in Q3 2026, for an estimated $45,624
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.
