SBA Communications Co. (NASDAQ:SBAC) Stock Holdings Lifted by Lindbrook Capital LLC

Lindbrook Capital LLC raised its position in SBA Communications Co. (NASDAQ:SBAC) by 77.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 470 shares of the technology company’s stock after purchasing an additional 205 shares during the quarter. Lindbrook Capital LLC’s holdings in SBA Communications were worth $119,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Emerald Advisers LLC purchased a new position in SBA Communications in the third quarter valued at about $31,000. CVA Family Office LLC acquired a new stake in shares of SBA Communications in the fourth quarter worth about $37,000. Pinnacle Bancorp Inc. lifted its position in shares of SBA Communications by 73.6% in the fourth quarter. Pinnacle Bancorp Inc. now owns 158 shares of the technology company’s stock worth $40,000 after buying an additional 67 shares during the last quarter. Allworth Financial LP lifted its position in shares of SBA Communications by 37.8% in the fourth quarter. Allworth Financial LP now owns 164 shares of the technology company’s stock worth $42,000 after buying an additional 45 shares during the last quarter. Finally, Turtle Creek Wealth Advisors LLC acquired a new stake in shares of SBA Communications in the fourth quarter worth about $43,000. Hedge funds and other institutional investors own 97.35% of the company’s stock.

SBA Communications Stock Up 0.8 %

SBA Communications stock opened at $198.30 on Wednesday. The business has a 50 day moving average price of $210.70 and a two-hundred day moving average price of $222.84. The stock has a market cap of $21.44 billion, a price-to-earnings ratio of 43.02, a price-to-earnings-growth ratio of 1.21 and a beta of 0.56. SBA Communications Co. has a 12 month low of $185.23 and a 12 month high of $263.08.

SBA Communications (NASDAQ:SBAC) last posted its quarterly earnings results on Monday, February 26th. The technology company reported $1.01 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.36). The firm had revenue of $675.00 million during the quarter, compared to analyst estimates of $682.11 million. SBA Communications had a net margin of 18.51% and a negative return on equity of 9.70%. The company’s revenue was down 1.6% on a year-over-year basis. During the same period last year, the company earned $3.11 EPS. On average, analysts expect that SBA Communications Co. will post 12.61 earnings per share for the current fiscal year.

SBA Communications Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were issued a $0.98 dividend. This is a boost from SBA Communications’s previous quarterly dividend of $0.85. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $3.92 annualized dividend and a yield of 1.98%. SBA Communications’s dividend payout ratio is 85.03%.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Bank of America raised SBA Communications from a “neutral” rating to a “buy” rating and set a $260.00 price target for the company in a research report on Thursday, March 7th. BMO Capital Markets reduced their price target on SBA Communications from $285.00 to $265.00 and set an “outperform” rating for the company in a research report on Tuesday, February 27th. Finally, Barclays reduced their price target on SBA Communications from $260.00 to $255.00 and set an “overweight” rating for the company in a research report on Wednesday, April 17th. One analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, SBA Communications has a consensus rating of “Buy” and an average price target of $268.00.

Insider Buying and Selling at SBA Communications

In other news, Director Mary S. Chan sold 1,977 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $217.99, for a total value of $430,966.23. Following the sale, the director now directly owns 4,622 shares in the company, valued at approximately $1,007,549.78. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.30% 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.