Clarius Group LLC Grows Stock Position in SBA Communications Co. (NASDAQ:SBAC)

Clarius Group LLC raised its stake in shares of SBA Communications Co. (NASDAQ:SBAC) by 9.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 1,226 shares of the technology company’s stock after buying an additional 102 shares during the period. Clarius Group LLC’s holdings in SBA Communications were worth $311,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Carolinas Wealth Consulting LLC raised its stake in shares of SBA Communications by 248.0% during the 1st quarter. Carolinas Wealth Consulting LLC now owns 87 shares of the technology company’s stock valued at $30,000 after buying an additional 62 shares during the last quarter. Resurgent Financial Advisors LLC purchased a new position in shares of SBA Communications in the 4th quarter valued at about $31,000. Ancora Advisors LLC increased its stake in shares of SBA Communications by 88.6% in the 1st quarter. Ancora Advisors LLC now owns 132 shares of the technology company’s stock valued at $37,000 after purchasing an additional 62 shares in the last quarter. CVA Family Office LLC purchased a new position in shares of SBA Communications in the 4th quarter valued at about $37,000. Finally, Emerald Advisers LLC purchased a new position in shares of SBA Communications in the 3rd quarter valued at about $31,000. Hedge funds and other institutional investors own 97.35% of the company’s stock.

SBA Communications Stock Down 1.6 %

Shares of NASDAQ SBAC opened at $201.84 on Monday. SBA Communications Co. has a 52-week low of $185.23 and a 52-week high of $267.42. The business’s 50 day moving average is $213.36 and its two-hundred day moving average is $222.71. The firm has a market cap of $21.82 billion, a price-to-earnings ratio of 43.78, a PEG ratio of 1.23 and a beta of 0.56.

SBA Communications (NASDAQ:SBAC) last posted its quarterly earnings data on Monday, February 26th. The technology company reported $1.01 earnings per share for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.36). SBA Communications had a negative return on equity of 9.70% and a net margin of 18.51%. The company had revenue of $675.00 million for the quarter, compared to analysts’ expectations of $682.11 million. During the same period in the prior year, the company posted $3.11 EPS. The firm’s revenue was down 1.6% compared to the same quarter last year. Analysts anticipate that SBA Communications Co. will post 12.6 EPS for the current fiscal year.

SBA Communications Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were given a dividend of $0.98 per share. The ex-dividend date was Wednesday, March 13th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 1.94%. This is a positive change from SBA Communications’s previous quarterly dividend of $0.85. SBA Communications’s dividend payout ratio is currently 85.03%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on SBAC. Bank of America upgraded SBA Communications from a “neutral” rating to a “buy” rating and set a $260.00 price target for the company in a research note on Thursday, March 7th. Barclays cut their price target on SBA Communications from $265.00 to $260.00 and set an “overweight” rating for the company in a research note on Tuesday, March 5th. Finally, BMO Capital Markets cut their price target on SBA Communications from $285.00 to $265.00 and set an “outperform” rating for the company in a research note on Tuesday, February 27th. One analyst has rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $268.38.

Insider Transactions at SBA Communications

In other news, Director Mary S. Chan sold 1,977 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $217.99, for a total transaction of $430,966.23. Following the sale, the director now owns 4,622 shares of the company’s stock, valued at $1,007,549.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.60% of the company’s stock.

SBA Communications Company Profile

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.