Mizuho Securities USA LLC Boosts Stock Holdings in SBA Communications Co. (NASDAQ:SBAC)

Mizuho Securities USA LLC boosted its stake in SBA Communications Co. (NASDAQ:SBAC - Free Report) by 46.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,191 shares of the technology company's stock after acquiring an additional 3,222 shares during the period. Mizuho Securities USA LLC's holdings in SBA Communications were worth $2,077,000 as of its most recent filing with the SEC.

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 raised its holdings in shares of SBA Communications by 15.1% in the 4th quarter. Exchange Traded Concepts LLC now owns 382 shares of the technology company's stock worth $78,000 after purchasing an additional 50 shares during the period. Versant Capital Management Inc raised its stake in shares of SBA Communications by 17.3% in the fourth quarter. Versant Capital Management Inc now owns 360 shares of the technology company's stock valued at $73,000 after buying an additional 53 shares during the period. Auxano Advisors LLC raised its stake in shares of SBA Communications by 2.3% in the fourth quarter. Auxano Advisors LLC now owns 2,431 shares of the technology company's stock valued at $495,000 after buying an additional 54 shares during the period. Lake Street Advisors Group LLC lifted its position in shares of SBA Communications by 5.8% during the 4th quarter. Lake Street Advisors Group LLC now owns 1,105 shares of the technology company's stock valued at $225,000 after buying an additional 61 shares during the last quarter. Finally, Torray Investment Partners LLC grew its stake in shares of SBA Communications by 0.7% during the 4th quarter. Torray Investment Partners LLC now owns 9,788 shares of the technology company's stock worth $1,995,000 after acquiring an additional 67 shares during the period. 97.35% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Buying and Selling at SBA Communications

In other news, VP Joshua Koenig sold 2,209 shares of the stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $224.18, for a total transaction of $495,213.62. Following the transaction, the vice president now directly owns 6,079 shares in the company, valued at approximately $1,362,790.22. This represents a 26.65 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.30% of the company's stock.

SBA Communications Trading Up 0.2 %

Shares of NASDAQ:SBAC traded up $0.46 during trading on Friday, reaching $216.84. The company had a trading volume of 533,757 shares, compared to its average volume of 871,640. The company has a fifty day moving average of $211.04 and a two-hundred day moving average of $219.68. The stock has a market capitalization of $23.34 billion, a P/E ratio of 34.20, a price-to-earnings-growth ratio of 0.74 and a beta of 0.74. SBA Communications Co. has a 12 month low of $183.64 and a 12 month high of $252.64.

SBA Communications Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were paid a $1.11 dividend. This represents a $4.44 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date was Thursday, March 13th. This is a boost from SBA Communications's previous quarterly dividend of $0.98. SBA Communications's dividend payout ratio is currently 63.98%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SBAC. Wells Fargo & Company boosted their price objective on SBA Communications from $210.00 to $225.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 26th. Royal Bank of Canada reissued an "outperform" rating and issued a $255.00 price target on shares of SBA Communications in a research report on Monday, February 24th. StockNews.com raised shares of SBA Communications from a "hold" rating to a "buy" rating in a report on Tuesday. JMP Securities initiated coverage on shares of SBA Communications in a report on Monday, January 27th. They set an "outperform" rating and a $250.00 target price on the stock. Finally, Barclays raised their price target on SBA Communications from $240.00 to $244.00 and gave the stock an "overweight" rating in a report on Friday, March 21st. Four analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, SBA Communications presently has an average rating of "Moderate Buy" and an average price target of $252.85.

SBA Communications 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.