Signaturefd LLC Grows Stock Holdings in SBA Communications Co. (NASDAQ:SBAC)

Signaturefd LLC grew its position in shares of SBA Communications Co. (NASDAQ:SBAC) by 47.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,124 shares of the technology company’s stock after purchasing an additional 364 shares during the period. Signaturefd LLC’s holdings in SBA Communications were worth $285,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Allworth Financial LP grew its position in shares of SBA Communications by 37.8% during the 4th quarter. Allworth Financial LP now owns 164 shares of the technology company’s stock valued at $42,000 after purchasing an additional 45 shares in the last quarter. Quaero Capital S.A. grew its position in shares of SBA Communications by 1.4% during the 4th quarter. Quaero Capital S.A. now owns 3,730 shares of the technology company’s stock valued at $946,000 after purchasing an additional 50 shares in the last quarter. Pinnacle Bancorp Inc. grew its position in shares of SBA Communications by 73.6% during the 4th quarter. Pinnacle Bancorp Inc. now owns 158 shares of the technology company’s stock valued at $40,000 after purchasing an additional 67 shares in the last quarter. UMB Bank n.a. grew its position in shares of SBA Communications by 12.0% during the 4th quarter. UMB Bank n.a. now owns 674 shares of the technology company’s stock valued at $171,000 after purchasing an additional 72 shares in the last quarter. Finally, Harbor Capital Advisors Inc. grew its position in shares of SBA Communications by 3.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 2,692 shares of the technology company’s stock valued at $539,000 after purchasing an additional 78 shares in the last quarter. 97.35% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SBAC has been the subject of a number of research analyst reports. Bank of America raised shares of SBA Communications from a “neutral” rating to a “buy” rating and set a $260.00 price objective for the company in a report on Thursday, March 7th. BMO Capital Markets dropped their price objective on shares of SBA Communications from $285.00 to $265.00 and set an “outperform” rating for the company in a report on Tuesday, February 27th. Finally, Barclays dropped their price objective on shares of SBA Communications from $260.00 to $255.00 and set an “overweight” rating for the company in a report on Wednesday, April 17th. One investment 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 company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $268.00.

SBA Communications Stock Down 0.9 %

SBA Communications stock opened at $196.23 on Friday. The company has a market capitalization of $21.21 billion, a PE ratio of 42.57, a P/E/G ratio of 1.22 and a beta of 0.56. The firm has a fifty day simple moving average of $210.01 and a two-hundred day simple moving average of $222.51. SBA Communications Co. has a twelve month low of $185.23 and a twelve 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 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.36). The business had revenue of $675.00 million during the quarter, compared to the consensus estimate of $682.11 million. SBA Communications had a negative return on equity of 9.70% and a net margin of 18.51%. The business’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period in the prior year, the firm earned $3.11 earnings per share. As a group, equities 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 disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were paid a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a dividend yield of 2.00%. This is an increase from SBA Communications’s previous quarterly dividend of $0.85. The ex-dividend date of this dividend was Wednesday, March 13th. SBA Communications’s dividend payout ratio is 85.03%.

Insider Activity

In other news, Director Mary S. Chan sold 1,977 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $217.99, for a total transaction of $430,966.23. Following the completion of the transaction, the director now directly owns 4,622 shares of the company’s stock, valued at $1,007,549.78. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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.