SBA Communications Co. (NASDAQ:SBAC) Position Increased by Hantz Financial Services Inc.

Hantz Financial Services Inc. lifted its holdings in SBA Communications Co. (NASDAQ:SBAC) by 14.4% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 22,893 shares of the technology company’s stock after buying an additional 2,889 shares during the quarter. Hantz Financial Services Inc.’s holdings in SBA Communications were worth $5,510,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of SBAC. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of SBA Communications by 10.7% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 527 shares of the technology company’s stock valued at $127,000 after purchasing an additional 51 shares during the period. Oregon Public Employees Retirement Fund grew its holdings in SBA Communications by 0.6% during the second quarter. Oregon Public Employees Retirement Fund now owns 9,265 shares of the technology company’s stock worth $1,819,000 after acquiring an additional 53 shares during the period. Farther Finance Advisors LLC grew its holdings in SBA Communications by 32.5% during the third quarter. Farther Finance Advisors LLC now owns 216 shares of the technology company’s stock worth $52,000 after acquiring an additional 53 shares during the period. Checchi Capital Advisers LLC grew its holdings in SBA Communications by 4.1% during the second quarter. Checchi Capital Advisers LLC now owns 1,457 shares of the technology company’s stock worth $286,000 after acquiring an additional 57 shares during the period. Finally, Sugarloaf Wealth Management LLC grew its holdings in SBA Communications by 11.6% during the third quarter. Sugarloaf Wealth Management LLC now owns 558 shares of the technology company’s stock worth $134,000 after acquiring an additional 58 shares during the period. 97.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Morgan Stanley lifted their target price on SBA Communications from $232.00 to $252.00 and gave the stock an “overweight” rating in a report on Wednesday, September 18th. The Goldman Sachs Group lifted their target price on SBA Communications from $212.00 to $240.00 and gave the stock a “neutral” rating in a report on Thursday, September 26th. Royal Bank of Canada lifted their target price on SBA Communications from $235.00 to $245.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. StockNews.com raised SBA Communications from a “hold” rating to a “buy” rating in a research note on Thursday, November 7th. Finally, KeyCorp lifted their price target on SBA Communications from $230.00 to $280.00 and gave the stock an “overweight” rating in a research note on Monday, October 14th. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $257.23.

SBA Communications Trading Down 1.0 %

Shares of NASDAQ SBAC opened at $226.25 on Friday. SBA Communications Co. has a one year low of $183.64 and a one year high of $258.76. The firm has a market capitalization of $24.33 billion, a PE ratio of 35.69, a PEG ratio of 0.77 and a beta of 0.68. The business has a 50-day moving average price of $232.78 and a two-hundred day moving average price of $218.20.

SBA Communications (NASDAQ:SBAC) last announced its quarterly earnings data on Monday, October 28th. The technology company reported $2.40 EPS for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $669.29 million. During the same quarter in the previous year, the business posted $3.34 earnings per share. The company’s revenue was down 2.2% compared to the same quarter last year. Research analysts anticipate that SBA Communications Co. will post 12.56 EPS for the current year.

SBA Communications Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 14th will be given a dividend of $0.98 per share. The ex-dividend date is Thursday, November 14th. This represents a $3.92 dividend on an annualized basis and a yield of 1.73%. SBA Communications’s payout ratio is presently 61.83%.

Insiders Place Their Bets

In other news, EVP Donald Day sold 1,500 shares of SBA Communications stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $242.86, for a total transaction of $364,290.00. Following the completion of the sale, the executive vice president now directly owns 4,998 shares in the company, valued at $1,213,814.28. The trade was a 23.08 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.30% of the company’s stock.

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.