Savant Capital LLC Acquires 2,950 Shares of SBA Communications Co. (NASDAQ:SBAC)

Savant Capital LLC increased its holdings in shares of SBA Communications Co. (NASDAQ:SBAC) by 37.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 10,724 shares of the technology company’s stock after buying an additional 2,950 shares during the quarter. Savant Capital LLC’s holdings in SBA Communications were worth $2,186,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of SBAC. Ashton Thomas Securities LLC purchased a new position in SBA Communications in the third quarter valued at about $26,000. Evermay Wealth Management LLC bought a new stake in shares of SBA Communications in the 4th quarter worth approximately $27,000. Capital Performance Advisors LLP purchased a new position in SBA Communications in the third quarter valued at approximately $35,000. Friedenthal Financial bought a new position in SBA Communications during the third quarter valued at $50,000. Finally, Farther Finance Advisors LLC increased its position in SBA Communications by 32.5% in the third quarter. Farther Finance Advisors LLC now owns 216 shares of the technology company’s stock worth $52,000 after buying an additional 53 shares during the last quarter. Hedge funds and other institutional investors own 97.35% of the company’s stock.

Insider Buying and Selling at SBA Communications

In other SBA Communications news, EVP Donald Day sold 2,321 shares of the business’s stock in a transaction that occurred on 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 transaction, the executive vice president now owns 4,998 shares of the company’s stock, valued at $1,016,743.14. The trade was a 31.71 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Mark R. Ciarfella sold 3,545 shares of the stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 33,588 shares in the company, valued at $7,534,796.04. The trade was a 9.55 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on SBAC shares. JMP Securities initiated coverage on SBA Communications in a research report on Monday, January 27th. They set an “outperform” rating and a $250.00 price target on the stock. Citizens Jmp upgraded shares of SBA Communications to a “strong-buy” rating in a research report on Monday, January 27th. Wells Fargo & Company reduced their target price on shares of SBA Communications from $230.00 to $210.00 and set an “equal weight” rating for the company in a research note on Thursday, January 23rd. TD Cowen boosted their price target on shares of SBA Communications from $251.00 to $261.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $230.00 price objective (down from $260.00) on shares of SBA Communications in a report on Wednesday, December 18th. Four investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, SBA Communications presently has a consensus rating of “Moderate Buy” and a consensus target price of $252.29.

SBA Communications Stock Performance

Shares of SBAC stock opened at $208.63 on Thursday. SBA Communications Co. has a 52-week low of $183.64 and a 52-week high of $252.64. The business’s fifty day moving average is $204.32 and its 200 day moving average is $221.14. The company has a market capitalization of $22.43 billion, a PE ratio of 32.91, a price-to-earnings-growth ratio of 0.73 and a beta of 0.69.

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.