Capital International Inc. CA Grows Holdings in SBA Communications Co. (NASDAQ:SBAC)

Capital International Inc. CA increased its stake in SBA Communications Co. (NASDAQ:SBAC - Free Report) by 176.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,309 shares of the technology company's stock after acquiring an additional 2,749 shares during the period. Capital International Inc. CA's holdings in SBA Communications were worth $878,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Evermay Wealth Management LLC acquired a new position in shares of SBA Communications during the fourth quarter worth $27,000. Graney & King LLC purchased a new stake in shares of SBA Communications during the 4th quarter worth approximately $29,000. Oakworth Capital Inc. raised its stake in SBA Communications by 161.8% during the 4th quarter. Oakworth Capital Inc. now owns 233 shares of the technology company's stock worth $47,000 after acquiring an additional 144 shares in the last quarter. CKW Financial Group purchased a new stake in SBA Communications in the fourth quarter valued at $56,000. Finally, Versant Capital Management Inc grew its holdings in shares of SBA Communications by 17.3% during the fourth quarter. Versant Capital Management Inc now owns 360 shares of the technology company's stock worth $73,000 after purchasing an additional 53 shares during the last quarter. 97.35% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at SBA Communications

In related news, VP Joshua Koenig sold 2,209 shares of SBA Communications stock in a transaction that occurred on Friday, March 7th. The stock was 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 directly owns 6,079 shares in the company, valued at $1,362,790.22. The trade was a 26.65 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.30% of the company's stock.

Analyst Ratings Changes

SBAC has been the topic of a number of research reports. 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 research note on Wednesday, February 26th. Morgan Stanley assumed coverage on shares of SBA Communications in a report on Tuesday, April 1st. They issued an "equal weight" rating and a $240.00 target price for the company. Citizens Jmp upgraded SBA Communications to a "strong-buy" rating in a research report on Monday, January 27th. Royal Bank of Canada reiterated an "outperform" rating and issued a $255.00 target price on shares of SBA Communications in a research note on Monday, February 24th. Finally, JMP Securities started coverage on SBA Communications in a report on Monday, January 27th. They set an "outperform" rating and a $250.00 price target for the company. Six equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, SBA Communications currently has an average rating of "Moderate Buy" and a consensus target price of $251.92.

SBA Communications Trading Down 0.3 %

Shares of SBAC stock traded down $0.75 during mid-day trading on Friday, reaching $222.09. The stock had a trading volume of 855,695 shares, compared to its average volume of 905,192. The company has a market cap of $23.90 billion, a P/E ratio of 35.03, a price-to-earnings-growth ratio of 0.74 and a beta of 0.83. SBA Communications Co. has a 12-month low of $183.64 and a 12-month high of $252.64. The business has a 50-day simple moving average of $219.14 and a 200 day simple moving average of $216.68.

SBA Communications Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were given a dividend of $1.11 per share. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $4.44 dividend on an annualized basis and a yield of 2.00%. This is a boost from SBA Communications's previous quarterly dividend of $0.98. SBA Communications's payout ratio is presently 63.98%.

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.