Savant Capital LLC Has $2.19 Million Stake in SBA Communications Co. (NASDAQ:SBAC)

Savant Capital LLC boosted its stake in shares of SBA Communications Co. (NASDAQ:SBAC) by 37.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,724 shares of the technology company’s stock after buying an additional 2,950 shares during the quarter. Savant Capital LLC’s holdings in SBA Communications were worth $2,186,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in SBAC. State Street Corp raised its position in shares of SBA Communications by 1.8% during the third quarter. State Street Corp now owns 4,643,527 shares of the technology company’s stock worth $1,117,697,000 after acquiring an additional 81,566 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in 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 purchasing an additional 605,872 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in SBA Communications by 5.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,269,786 shares of the technology company’s stock worth $305,637,000 after purchasing an additional 62,555 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of SBA Communications by 2,821.5% in the 3rd quarter. Victory Capital Management Inc. now owns 1,216,094 shares of the technology company’s stock worth $292,714,000 after purchasing an additional 1,174,469 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of SBA Communications by 377.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 886,384 shares of the technology company’s stock valued at $213,353,000 after purchasing an additional 700,791 shares during the last quarter. Institutional investors own 97.35% of the company’s stock.

Insider Buying and Selling

In related news, EVP Donald Day sold 2,321 shares of the company’s stock in a transaction 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 completion of the sale, the executive vice president now owns 4,998 shares in the company, valued at approximately $1,016,743.14. This represents a 31.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Mark R. Ciarfella sold 3,545 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of $224.33, for a total value of $795,249.85. Following the completion of the sale, the executive vice president now directly owns 33,588 shares of the company’s stock, valued at $7,534,796.04. The trade was a 9.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on SBAC. Wells Fargo & Company lowered their target price on shares of SBA Communications from $230.00 to $210.00 and set an “equal weight” rating for the company in a research note on Thursday, January 23rd. TD Cowen lifted their price objective on SBA Communications from $251.00 to $261.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Citizens Jmp upgraded SBA Communications to a “strong-buy” rating in a research report on Monday, January 27th. Raymond James raised their target price on SBA Communications from $285.00 to $300.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, October 29th. Finally, JMP Securities began coverage on SBA Communications in a research note on Monday, January 27th. They issued an “outperform” rating and a $250.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, SBA Communications presently has an average rating of “Moderate Buy” and a consensus price target of $252.29.

SBA Communications Trading Down 0.3 %

SBA Communications stock opened at $208.63 on Thursday. The firm has a market capitalization of $22.43 billion, a price-to-earnings ratio of 32.91, a price-to-earnings-growth ratio of 0.73 and a beta of 0.69. The firm’s fifty day moving average price is $204.32 and its two-hundred day moving average price is $221.14. SBA Communications Co. has a 1-year low of $183.64 and a 1-year high of $252.64.

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.