SBA Communications Co. (NASDAQ:SBAC) Stock Holdings Trimmed by Xponance Inc.

Xponance Inc. decreased its holdings in SBA Communications Co. (NASDAQ:SBAC) by 7.5% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,898 shares of the technology company’s stock after selling 1,284 shares during the quarter. Xponance Inc.’s holdings in SBA Communications were worth $3,121,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. SG Americas Securities LLC increased its stake in SBA Communications by 191.3% during the 1st quarter. SG Americas Securities LLC now owns 25,828 shares of the technology company’s stock valued at $5,597,000 after buying an additional 16,962 shares during the period. Nomura Holdings Inc. bought a new position in SBA Communications during the 4th quarter valued at $7,422,000. Wellington Management Group LLP increased its position in shares of SBA Communications by 596.2% during the 4th quarter. Wellington Management Group LLP now owns 225,128 shares of the technology company’s stock valued at $57,113,000 after purchasing an additional 192,791 shares during the period. Clear Rock Advisors LLC acquired a new stake in shares of SBA Communications in the fourth quarter valued at $1,900,000. Finally, GSA Capital Partners LLP bought a new position in SBA Communications during the fourth quarter valued at about $3,779,000. 97.35% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Donald Day sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $242.86, for a total transaction of $364,290.00. Following the transaction, the executive vice president now owns 4,998 shares of the company’s stock, valued at $1,213,814.28. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, Chairman Jeffrey Stoops sold 49,765 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $222.01, for a total value of $11,048,327.65. Following the completion of the sale, the chairman now directly owns 109,583 shares in the company, valued at approximately $24,328,521.83. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Donald Day sold 1,500 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $242.86, for a total value of $364,290.00. Following the transaction, the executive vice president now owns 4,998 shares in the company, valued at approximately $1,213,814.28. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 51,590 shares of company stock worth $11,483,981. Insiders own 1.30% of the company’s stock.

SBA Communications Stock Performance

Shares of SBAC opened at $239.33 on Thursday. The company has a market capitalization of $25.71 billion, a PE ratio of 46.93, a PEG ratio of 0.73 and a beta of 0.67. The company’s 50 day moving average price is $225.31 and its 200 day moving average price is $209.47. SBA Communications Co. has a 52 week low of $183.64 and a 52 week high of $258.76.

SBA Communications (NASDAQ:SBAC) last posted its quarterly earnings results on Monday, July 29th. The technology company reported $1.51 earnings per share for the quarter, missing analysts’ consensus estimates of $2.07 by ($0.56). The company had revenue of $660.50 million during the quarter, compared to analyst estimates of $665.21 million. SBA Communications had a negative return on equity of 9.85% and a net margin of 19.22%. The company’s revenue was down 2.7% compared to the same quarter last year. During the same period last year, the company posted $3.24 earnings per share. On average, equities analysts forecast that SBA Communications Co. will post 12.53 earnings per share for the current fiscal year.

SBA Communications Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Thursday, August 22nd were paid a $0.98 dividend. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $3.92 annualized dividend and a dividend yield of 1.64%. SBA Communications’s payout ratio is 76.86%.

Wall Street Analyst Weigh In

SBAC has been the topic of several research reports. Barclays dropped their price target on shares of SBA Communications from $240.00 to $236.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 30th. Royal Bank of Canada raised their target price on shares of SBA Communications from $235.00 to $245.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Wells Fargo & Company cut SBA Communications from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $230.00 to $220.00 in a report on Monday, July 15th. StockNews.com raised SBA Communications from a “hold” rating to a “buy” rating in a research note on Friday, September 20th. Finally, Morgan Stanley boosted their target price on SBA Communications from $232.00 to $252.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 18th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $241.75.

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.