Hantz Financial Services Inc. Has $5.73 Million Position in SBA Communications Co. (NASDAQ:SBAC)

Hantz Financial Services Inc. grew its holdings in shares of SBA Communications Co. (NASDAQ:SBAC - Free Report) by 22.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,129 shares of the technology company's stock after purchasing an additional 5,236 shares during the quarter. Hantz Financial Services Inc.'s holdings in SBA Communications were worth $5,733,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SBAC. Exchange Traded Concepts LLC increased its stake in shares of SBA Communications by 15.1% in the fourth quarter. Exchange Traded Concepts LLC now owns 382 shares of the technology company's stock valued at $78,000 after buying an additional 50 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its holdings in SBA Communications by 10.7% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 527 shares of the technology company's stock worth $127,000 after acquiring an additional 51 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in SBA Communications by 32.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 216 shares of the technology company's stock worth $52,000 after acquiring an additional 53 shares during the last quarter. Versant Capital Management Inc increased its position in SBA Communications by 17.3% in the 4th quarter. Versant Capital Management Inc now owns 360 shares of the technology company's stock valued at $73,000 after acquiring an additional 53 shares in the last quarter. Finally, Sugarloaf Wealth Management LLC raised its stake in shares of SBA Communications by 11.6% in the third quarter. Sugarloaf Wealth Management LLC now owns 558 shares of the technology company's stock worth $134,000 after acquiring an additional 58 shares during the last quarter. Institutional investors and hedge funds own 97.35% of the company's stock.

Insider Activity at SBA Communications

In other SBA Communications news, EVP Mark R. Ciarfella sold 3,545 shares of the business's stock in a transaction that occurred 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 transaction, the executive vice president now owns 33,588 shares of the company's stock, valued at $7,534,796.04. The trade was a 9.55 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Donald Day sold 2,321 shares of the 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 of the company's stock, valued at approximately $1,016,743.14. The trade was a 31.71 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.

SBA Communications Stock Up 0.8 %

SBAC traded up $1.58 during trading on Thursday, hitting $199.68. The company had a trading volume of 180,437 shares, compared to its average volume of 794,901. The firm's 50-day moving average price is $208.34 and its 200 day moving average price is $221.58. The company has a market capitalization of $21.47 billion, a PE ratio of 31.53, a PEG ratio of 0.70 and a beta of 0.69. SBA Communications Co. has a one year low of $183.64 and a one year high of $252.64.

SBA Communications (NASDAQ:SBAC - Get Free Report) last posted its quarterly earnings data on Monday, October 28th. The technology company reported $2.40 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.17 by ($0.77). The firm had revenue of $667.60 million for the quarter, compared to the consensus estimate of $669.29 million. SBA Communications had a negative return on equity of 13.13% and a net margin of 25.76%. The firm's quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.34 earnings per share. Sell-side analysts forecast that SBA Communications Co. will post 12.57 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on SBAC shares. BMO Capital Markets reissued a "market perform" rating and issued a $230.00 price target (down previously from $260.00) on shares of SBA Communications in a report on Wednesday, December 18th. Wells Fargo & Company dropped their target price on SBA Communications from $230.00 to $210.00 and set an "equal weight" rating for the company in a research report on Thursday, January 23rd. Citizens Jmp upgraded SBA Communications to a "strong-buy" rating in a report on Monday. StockNews.com upgraded SBA Communications from a "hold" rating to a "buy" rating in a research report on Thursday, January 23rd. Finally, TD Cowen raised their target price on shares of SBA Communications from $251.00 to $261.00 and gave the company a "buy" rating in a research note on Tuesday, October 29th. Four 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 data from MarketBeat, SBA Communications currently has an average rating of "Moderate Buy" and an average target price of $252.29.

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.