Partners Group Holding AG Sells 7,776 Shares of SBA Communications Co. (NASDAQ:SBAC)

Partners Group Holding AG decreased its position in SBA Communications Co. (NASDAQ:SBAC - Free Report) by 5.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 148,175 shares of the technology company's stock after selling 7,776 shares during the quarter. SBA Communications makes up 1.1% of Partners Group Holding AG's portfolio, making the stock its 21st biggest holding. Partners Group Holding AG owned 0.14% of SBA Communications worth $30,198,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wealthfront Advisers LLC lifted its stake in shares of SBA Communications by 23,553.0% in the 4th quarter. Wealthfront Advisers LLC now owns 1,126,828 shares of the technology company's stock worth $229,648,000 after purchasing an additional 1,122,064 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in SBA Communications by 377.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 886,384 shares of the technology company's stock worth $213,353,000 after acquiring an additional 700,791 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of SBA Communications by 16.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,254,460 shares of the technology company's stock worth $1,024,049,000 after acquiring an additional 605,872 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of SBA Communications by 46.5% during the 4th quarter. Victory Capital Management Inc. now owns 1,781,231 shares of the technology company's stock valued at $363,015,000 after acquiring an additional 565,137 shares during the period. Finally, KBC Group NV increased its stake in shares of SBA Communications by 212.3% in the 4th quarter. KBC Group NV now owns 410,023 shares of the technology company's stock worth $83,562,000 after purchasing an additional 278,737 shares in the last quarter. 97.35% of the stock is owned by hedge funds and other institutional investors.

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SBA Communications Stock Up 0.8 %

SBAC stock traded up $1.68 during mid-day trading on Thursday, hitting $216.38. The company had a trading volume of 558,115 shares, compared to its average volume of 845,040. The company has a market capitalization of $23.29 billion, a price-to-earnings ratio of 34.13, a P/E/G ratio of 0.74 and a beta of 0.74. The company has a 50-day moving average price of $211.04 and a 200 day moving average price of $219.68. 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 declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be paid a dividend of $1.11 per share. The ex-dividend date is Thursday, March 13th. This is a positive change from SBA Communications's previous quarterly dividend of $0.98. This represents a $4.44 dividend on an annualized basis and a yield of 2.05%. SBA Communications's dividend payout ratio is presently 63.98%.

Insider Buying and Selling at SBA Communications

In other SBA Communications news, VP Joshua Koenig sold 2,209 shares of the stock in a transaction on Friday, March 7th. The shares were sold at an average price of $224.18, for a total transaction of $495,213.62. Following the completion of the transaction, the vice president now owns 6,079 shares in the company, valued at $1,362,790.22. This trade represents a 26.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on SBAC shares. JMP Securities began coverage on SBA Communications in a research report on Monday, January 27th. They set an "outperform" rating and a $250.00 target price on the stock. Barclays boosted their price objective on SBA Communications from $240.00 to $244.00 and gave the company an "overweight" rating in a research note on Friday, March 21st. Citizens Jmp upgraded shares of SBA Communications to a "strong-buy" rating in a research note on Monday, January 27th. StockNews.com upgraded shares of SBA Communications from a "hold" rating to a "buy" rating in a research report on Tuesday. Finally, BMO Capital Markets reissued a "market perform" rating and issued a $230.00 price objective (down from $260.00) on shares of SBA Communications in a research note on Wednesday, December 18th. Four investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $252.85.

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.