SBA Communications Co. (NASDAQ:SBAC) Shares Purchased by Czech National Bank

Czech National Bank raised its holdings in shares of SBA Communications Co. (NASDAQ:SBAC - Free Report) by 6.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,314 shares of the technology company's stock after buying an additional 1,421 shares during the quarter. Czech National Bank's holdings in SBA Communications were worth $4,751,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of SBAC. Harbor Capital Advisors Inc. raised its holdings in SBA Communications by 2.8% in the 4th quarter. Harbor Capital Advisors Inc. now owns 2,856 shares of the technology company's stock valued at $582,000 after acquiring an additional 79 shares during the last quarter. First Hawaiian Bank increased its holdings in shares of SBA Communications by 91.0% during the 4th quarter. First Hawaiian Bank now owns 12,377 shares of the technology company's stock worth $2,522,000 after buying an additional 5,897 shares during the last quarter. Nordea Investment Management AB increased its holdings in shares of SBA Communications by 49.3% during the 4th quarter. Nordea Investment Management AB now owns 687,496 shares of the technology company's stock worth $141,205,000 after buying an additional 226,878 shares during the last quarter. Central Pacific Bank Trust Division increased its holdings in shares of SBA Communications by 214.3% during the 4th quarter. Central Pacific Bank Trust Division now owns 2,200 shares of the technology company's stock worth $448,000 after buying an additional 1,500 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of SBA Communications by 22.9% during the 4th quarter. GAMMA Investing LLC now owns 1,215 shares of the technology company's stock worth $248,000 after buying an additional 226 shares during the last quarter. 97.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

SBAC has been the subject of a number of recent analyst reports. Wells Fargo & Company raised their price target on shares of SBA Communications from $220.00 to $240.00 and gave the stock an "equal weight" rating in a report on Thursday, October 10th. BMO Capital Markets reaffirmed a "market perform" rating and set a $230.00 price objective (down previously from $260.00) on shares of SBA Communications in a research report on Wednesday, December 18th. TD Cowen increased their price objective on shares of SBA Communications from $251.00 to $261.00 and gave the stock a "buy" rating in a research report on Tuesday, October 29th. Morgan Stanley increased their price objective on shares of SBA Communications from $232.00 to $252.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 18th. Finally, The Goldman Sachs Group increased their price objective on shares of SBA Communications from $212.00 to $240.00 and gave the stock a "neutral" rating in a research report on Thursday, September 26th. Five analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $254.77.

Insiders Place Their Bets

In other SBA Communications news, EVP Donald Day sold 2,321 shares of SBA Communications stock in a transaction 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 transaction, the executive vice president now directly owns 4,998 shares in the company, valued at approximately $1,016,743.14. The trade was a 31.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Mark R. Ciarfella sold 3,545 shares of the stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $224.33, for a total transaction of $795,249.85. Following the sale, the executive vice president now owns 33,588 shares of the company's stock, valued at $7,534,796.04. This trade represents a 9.55 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.

SBA Communications Stock Up 3.5 %

SBAC stock traded up $6.95 during midday trading on Thursday, hitting $204.18. The company's stock had a trading volume of 1,188,330 shares, compared to its average volume of 876,023. The firm has a market capitalization of $21.95 billion, a P/E ratio of 32.21, a PEG ratio of 0.68 and a beta of 0.69. The firm has a 50-day simple moving average of $212.06 and a 200-day simple moving average of $221.19. SBA Communications Co. has a 52-week low of $183.64 and a 52-week high of $252.64.

SBA Communications (NASDAQ:SBAC - Get Free Report) last released its quarterly earnings data on Monday, October 28th. The technology company reported $2.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.17 by ($0.77). The firm had revenue of $667.60 million for the quarter, compared to analysts' expectations of $669.29 million. SBA Communications had a negative return on equity of 13.13% and a net margin of 25.76%. SBA Communications's revenue for the quarter was down 2.2% on a year-over-year basis. During the same period last year, the firm posted $3.34 earnings per share. On average, sell-side analysts expect that SBA Communications Co. will post 12.56 earnings per share for the current fiscal year.

SBA Communications Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Thursday, November 14th were paid a dividend of $0.98 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $3.92 dividend on an annualized basis and a yield of 1.92%. SBA Communications's dividend payout ratio is presently 61.83%.

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.