SG Americas Securities LLC Buys 26,710 Shares of SBA Communications Co. (NASDAQ:SBAC)

SG Americas Securities LLC raised its stake in SBA Communications Co. (NASDAQ:SBAC) by 159.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,509 shares of the technology company’s stock after buying an additional 26,710 shares during the period. SG Americas Securities LLC’s holdings in SBA Communications were worth $8,867,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SBAC. Oak Thistle LLC increased its holdings in SBA Communications by 76.1% in the 4th quarter. Oak Thistle LLC now owns 6,623 shares of the technology company’s stock worth $1,350,000 after purchasing an additional 2,863 shares in the last quarter. Czech National Bank increased its position in SBA Communications by 6.5% in the 4th quarter. Czech National Bank now owns 23,314 shares of the technology company’s stock valued at $4,751,000 after acquiring an additional 1,421 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of SBA Communications by 14,529.1% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 251,328 shares of the technology company’s stock worth $60,495,000 after purchasing an additional 249,610 shares during the period. First Hawaiian Bank grew its stake in shares of SBA Communications by 91.0% in the fourth quarter. First Hawaiian Bank now owns 12,377 shares of the technology company’s stock worth $2,522,000 after purchasing an additional 5,897 shares during the last quarter. Finally, Bank of Montreal Can increased its holdings in SBA Communications by 135.5% in the third quarter. Bank of Montreal Can now owns 420,514 shares of the technology company’s stock valued at $100,351,000 after purchasing an additional 241,916 shares during the period. Institutional investors own 97.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on SBAC shares. TD Cowen upped their price target on SBA Communications from $251.00 to $261.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. Raymond James raised their price target on shares of SBA Communications from $285.00 to $300.00 and gave the stock a “strong-buy” rating in a report on Tuesday, October 29th. StockNews.com upgraded shares of SBA Communications from a “hold” rating to a “buy” rating in a research report on Thursday. The Goldman Sachs Group boosted their target price on shares of SBA Communications from $212.00 to $240.00 and gave the company a “neutral” rating in a report on Thursday, September 26th. Finally, Wells Fargo & Company decreased their price target on SBA Communications from $230.00 to $210.00 and set an “equal weight” rating for the company in a report on Thursday. Four research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, SBA Communications has an average rating of “Moderate Buy” and an average target price of $252.46.

SBA Communications Trading Up 0.1 %

Shares of SBAC stock opened at $198.69 on Friday. The firm has a fifty day simple moving average of $210.26 and a two-hundred day simple moving average of $221.61. SBA Communications Co. has a 12 month low of $183.64 and a 12 month high of $252.64. The firm has a market capitalization of $21.36 billion, a PE ratio of 31.34, a price-to-earnings-growth ratio of 0.73 and a beta of 0.69.

SBA Communications (NASDAQ:SBAC) last posted its earnings results on Monday, October 28th. The technology company reported $2.40 EPS for the quarter, missing the consensus estimate of $3.17 by ($0.77). SBA Communications had a negative return on equity of 13.13% and a net margin of 25.76%. The business had revenue of $667.60 million for the quarter, compared to the consensus estimate of $669.29 million. During the same period in the previous year, the firm earned $3.34 earnings per share. The company’s revenue was down 2.2% on a year-over-year basis. On average, equities analysts predict that SBA Communications Co. will post 12.57 earnings per share for the current fiscal year.

SBA Communications Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Thursday, November 14th were given a dividend of $0.98 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $3.92 annualized dividend and a dividend yield of 1.97%. SBA Communications’s payout ratio is 61.83%.

Insider Buying and Selling

In other SBA Communications news, EVP Donald Day sold 2,321 shares of the company’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $203.43, for a total value of $472,161.03. Following the completion of the sale, the executive vice president now directly owns 4,998 shares of the company’s stock, valued at approximately $1,016,743.14. This represents a 31.71 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Mark R. Ciarfella sold 3,545 shares of SBA Communications stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $224.33, for a total transaction of $795,249.85. Following the transaction, the executive vice president now directly owns 33,588 shares in the company, valued at approximately $7,534,796.04. This represents a 9.55 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.

About SBA Communications

SBA Communications Corporation is a leading independent owner and operator of wireless communications infrastructure including towers, buildings, rooftops, distributed antenna systems (DAS) and small cells. With a portfolio of more than 39,000 communications sites throughout the Americas, Africa and in Asia, SBA is listed on NASDAQ under the symbol SBAC.