SBA Communications Co. (NASDAQ:SBAC) Shares Purchased by Hahn Capital Management LLC

Hahn Capital Management LLC increased its holdings in SBA Communications Co. (NASDAQ:SBAC - Free Report) by 51.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,632 shares of the technology company's stock after buying an additional 6,973 shares during the period. SBA Communications comprises approximately 1.8% of Hahn Capital Management LLC's investment portfolio, making the stock its 25th biggest holding. Hahn Capital Management LLC's holdings in SBA Communications were worth $4,205,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Oak Thistle LLC raised its position in shares of SBA Communications by 76.1% in the 4th quarter. Oak Thistle LLC now owns 6,623 shares of the technology company's stock worth $1,350,000 after acquiring an additional 2,863 shares in the last quarter. Czech National Bank grew its stake in SBA Communications by 6.5% in the fourth quarter. Czech National Bank now owns 23,314 shares of the technology company's stock valued at $4,751,000 after purchasing an additional 1,421 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised its holdings in SBA Communications by 14,529.1% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 251,328 shares of the technology company's stock worth $60,495,000 after purchasing an additional 249,610 shares in the last quarter. First Hawaiian Bank lifted its position in shares of SBA Communications by 91.0% during the fourth quarter. First Hawaiian Bank now owns 12,377 shares of the technology company's stock valued at $2,522,000 after buying an additional 5,897 shares during the last quarter. Finally, Bank of Montreal Can boosted its holdings in shares of SBA Communications by 135.5% in the 3rd quarter. Bank of Montreal Can now owns 420,514 shares of the technology company's stock valued at $100,351,000 after buying an additional 241,916 shares in the last quarter. Hedge funds and other institutional investors own 97.35% of the company's stock.

Insider Transactions at SBA Communications

In related news, EVP Mark R. Ciarfella sold 3,545 shares of the company's stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $224.33, for a total value of $795,249.85. Following the completion of the transaction, the executive vice president now owns 33,588 shares of the company's stock, valued at approximately $7,534,796.04. This represents a 9.55 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Donald Day sold 2,321 shares of the firm'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 sale, 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 disclosure for this sale can be found here. Corporate insiders own 1.30% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on SBAC. Royal Bank of Canada reiterated an "outperform" rating and set a $255.00 price objective on shares of SBA Communications in a research note on Monday, February 24th. Barclays decreased their price objective on SBA Communications from $254.00 to $240.00 and set an "overweight" rating for the company in a report on Thursday, February 20th. StockNews.com cut SBA Communications from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. BMO Capital Markets reaffirmed a "market perform" rating and set a $230.00 target price (down from $260.00) on shares of SBA Communications in a research report on Wednesday, December 18th. Finally, Wells Fargo & Company raised their price target on SBA Communications from $210.00 to $225.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 26th. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $253.07.

SBA Communications Trading Up 1.7 %

Shares of NASDAQ SBAC traded up $3.61 during trading on Monday, reaching $221.51. 629,450 shares of the company traded hands, compared to its average volume of 850,561. The stock has a market cap of $23.82 billion, a P/E ratio of 34.94, a PEG ratio of 0.74 and a beta of 0.69. The firm's fifty day simple moving average is $203.81 and its 200 day simple moving average is $220.42. SBA Communications Co. has a 12-month low of $183.64 and a 12-month high of $252.64.

SBA Communications Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be given a $1.11 dividend. This represents a $4.44 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend is Thursday, March 13th. This is a positive change from SBA Communications's previous quarterly dividend of $0.98. SBA Communications's dividend payout ratio is currently 63.98%.

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.