Stephens Inc. AR Has $436,000 Stake in SBA Communications Co. (NASDAQ:SBAC)

Stephens Inc. AR grew its holdings in shares of SBA Communications Co. (NASDAQ:SBACGet Rating) by 8.7% in the 1st quarter, Holdings Channel reports. The fund owned 1,268 shares of the technology company’s stock after buying an additional 102 shares during the period. Stephens Inc. AR’s holdings in SBA Communications were worth $436,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Clearstead Advisors LLC raised its stake in SBA Communications by 4.3% during the first quarter. Clearstead Advisors LLC now owns 818 shares of the technology company’s stock worth $281,000 after acquiring an additional 34 shares in the last quarter. Versor Investments LP raised its stake in SBA Communications by 293.1% during the first quarter. Versor Investments LP now owns 3,145 shares of the technology company’s stock worth $1,082,000 after acquiring an additional 2,345 shares in the last quarter. Metis Global Partners LLC raised its stake in SBA Communications by 80.0% during the first quarter. Metis Global Partners LLC now owns 1,721 shares of the technology company’s stock worth $592,000 after acquiring an additional 765 shares in the last quarter. Leo Brokerage LLC acquired a new position in SBA Communications during the first quarter worth about $19,141,000. Finally, State of New Jersey Common Pension Fund D grew its holdings in shares of SBA Communications by 0.7% during the first quarter. State of New Jersey Common Pension Fund D now owns 79,991 shares of the technology company’s stock worth $27,525,000 after purchasing an additional 572 shares during the last quarter. Institutional investors and hedge funds own 95.41% of the company’s stock.

SBA Communications Trading Up 1.7 %

NASDAQ SBAC opened at $343.87 on Thursday. The firm has a market capitalization of $37.08 billion, a P/E ratio of 106.46 and a beta of 0.43. The business has a fifty day simple moving average of $323.40 and a 200 day simple moving average of $328.31. SBA Communications Co. has a 12 month low of $286.41 and a 12 month high of $391.15.

SBA Communications (NASDAQ:SBACGet Rating) last released its quarterly earnings results on Monday, August 1st. The technology company reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.26). The company had revenue of $652.01 million during the quarter, compared to analysts’ expectations of $626.30 million. SBA Communications had a net margin of 14.45% and a negative return on equity of 6.79%. The company’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the previous year, the company posted $2.64 earnings per share. As a group, sell-side analysts predict that SBA Communications Co. will post 11.08 EPS for the current fiscal year.

SBA Communications Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 20th. Shareholders of record on Thursday, August 25th will be paid a $0.71 dividend. The ex-dividend date is Wednesday, August 24th. This represents a $2.84 dividend on an annualized basis and a yield of 0.83%. SBA Communications’s dividend payout ratio (DPR) is presently 87.93%.

Analyst Ratings Changes

SBAC has been the topic of several research reports. Moffett Nathanson cut SBA Communications from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $393.00 to $380.00 in a report on Monday, April 11th. StockNews.com cut SBA Communications from a “buy” rating to a “hold” rating in a report on Friday, June 10th. Deutsche Bank Aktiengesellschaft upped their target price on SBA Communications from $375.00 to $385.00 in a report on Tuesday. Credit Suisse Group upped their target price on SBA Communications from $405.00 to $408.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, The Goldman Sachs Group cut their price target on SBA Communications from $424.00 to $381.00 and set a “buy” rating on the stock in a report on Tuesday, July 12th. Three investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, SBA Communications currently has an average rating of “Moderate Buy” and a consensus price target of $385.88.

Insider Buying and Selling at SBA Communications

In other SBA Communications news, CEO Jeffrey Stoops sold 30,000 shares of the company’s stock in a transaction on Tuesday, May 24th. The stock was sold at an average price of $344.07, for a total value of $10,322,100.00. Following the completion of the transaction, the chief executive officer now owns 83,668 shares in the company, valued at approximately $28,787,648.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Jeffrey Stoops sold 30,000 shares of the stock in a transaction on Tuesday, May 24th. The stock was sold at an average price of $344.07, for a total transaction of $10,322,100.00. Following the completion of the transaction, the chief executive officer now owns 83,668 shares in the company, valued at approximately $28,787,648.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mark R. Ciarfella sold 1,000 shares of the stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $338.05, for a total value of $338,050.00. Following the transaction, the executive vice president now owns 23,884 shares of the company’s stock, valued at approximately $8,073,986.20. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company’s stock.

SBA Communications Profile

(Get Rating)

SBA Communications Corporation is a first choice provider and leading owner and operator of wireless communications infrastructure in North, Central, and South America and South Africa. By Building Better Wireless, SBA generates revenue from two primary businesses – site leasing and site development services.

Further Reading

Want to see what other hedge funds are holding SBAC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SBA Communications Co. (NASDAQ:SBACGet Rating).

Institutional Ownership by Quarter for SBA Communications (NASDAQ:SBAC)

Receive News & Ratings for SBA Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SBA Communications and related companies with MarketBeat.com's FREE daily email newsletter.