Nisa Investment Advisors LLC Has $15.07 Million Stock Holdings in SBA Communications Co. (NASDAQ:SBAC)

Nisa Investment Advisors LLC lifted its position in shares of SBA Communications Co. (NASDAQ:SBAC) by 19.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 73,953 shares of the technology company’s stock after buying an additional 12,027 shares during the quarter. Nisa Investment Advisors LLC owned about 0.07% of SBA Communications worth $15,072,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Perpetual Ltd raised its stake in SBA Communications by 43.1% in the 4th quarter. Perpetual Ltd now owns 128,854 shares of the technology company’s stock worth $26,260,000 after purchasing an additional 38,789 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of SBA Communications by 112.9% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 577 shares of the technology company’s stock worth $118,000 after purchasing an additional 306 shares during the period. Aaron Wealth Advisors LLC raised its position in shares of SBA Communications by 50.5% in the fourth quarter. Aaron Wealth Advisors LLC now owns 1,631 shares of the technology company’s stock valued at $332,000 after buying an additional 547 shares in the last quarter. Brooklyn Investment Group boosted its stake in shares of SBA Communications by 25.4% in the fourth quarter. Brooklyn Investment Group now owns 479 shares of the technology company’s stock valued at $98,000 after buying an additional 97 shares during the period. Finally, Merit Financial Group LLC acquired a new stake in SBA Communications during the fourth quarter worth approximately $525,000. Institutional investors own 97.35% of the company’s stock.

SBA Communications Trading Down 2.9 %

Shares of SBAC stock opened at $198.40 on Thursday. The business’s 50-day moving average price is $210.67 and its 200-day moving average price is $221.77. SBA Communications Co. has a 12 month low of $183.64 and a 12 month high of $252.64. The firm has a market capitalization of $21.33 billion, a price-to-earnings ratio of 31.29, a PEG ratio of 0.73 and a beta of 0.69.

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

SBA Communications Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Thursday, November 14th were issued a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a yield of 1.98%. The ex-dividend date was Thursday, November 14th. SBA Communications’s payout ratio is presently 61.83%.

Analysts Set New Price Targets

Several equities analysts have weighed in on SBAC shares. TD Cowen lifted their price objective on SBA Communications from $251.00 to $261.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. StockNews.com downgraded shares of SBA Communications from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. KeyCorp boosted their target price on shares of SBA Communications from $230.00 to $280.00 and gave the company an “overweight” rating in a research report on Monday, October 14th. Raymond James increased their price target on shares of SBA Communications from $285.00 to $300.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, October 29th. Finally, Wells Fargo & Company boosted their price objective on shares of SBA Communications from $220.00 to $240.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. Five research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, SBA Communications currently has a consensus rating of “Moderate Buy” and an average price target of $254.77.

Insider Buying and Selling at SBA Communications

In related news, EVP Mark R. Ciarfella sold 3,545 shares of the company’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 value of $795,249.85. Following the sale, the executive vice president now directly owns 33,588 shares in the company, valued at $7,534,796.04. This represents a 9.55 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at 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 stock was sold at an average price of $203.43, for a total transaction of $472,161.03. Following the transaction, the executive vice president now 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. Corporate insiders own 1.30% of the company’s stock.

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.