SBA Communications Co. (NASDAQ:SBAC) Shares Bought by V Square Quantitative Management LLC

V Square Quantitative Management LLC increased its holdings in SBA Communications Co. (NASDAQ:SBAC) by 3.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 3,139 shares of the technology company’s stock after buying an additional 111 shares during the quarter. V Square Quantitative Management LLC’s holdings in SBA Communications were worth $640,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. State Street Corp raised its holdings in SBA Communications by 1.8% in the 3rd quarter. State Street Corp now owns 4,643,527 shares of the technology company’s stock worth $1,117,697,000 after purchasing an additional 81,566 shares during the period. JPMorgan Chase & Co. raised its holdings in SBA Communications by 16.6% in 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 period. Charles Schwab Investment Management Inc. raised its holdings in SBA Communications by 5.2% in 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 period. Victory Capital Management Inc. raised its holdings in 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 raised its holdings in 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 worth $213,353,000 after purchasing an additional 700,791 shares during the period. Institutional investors and hedge funds own 97.35% of the company’s stock.

Insider Buying and Selling

In related news, EVP Donald Day sold 2,321 shares of the stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $203.43, for a total value of $472,161.03. Following the completion of the transaction, the executive vice president now directly 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 legal filing with the SEC, which is accessible through this link. Also, EVP Mark R. Ciarfella sold 3,545 shares of the 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 completion of the transaction, the executive vice president now 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 Upgrades and Downgrades

A number of equities analysts recently weighed in on SBAC shares. Raymond James upped their price target on SBA Communications from $285.00 to $300.00 and gave the stock a “strong-buy” rating in a report on Tuesday, October 29th. TD Cowen increased their target price on SBA Communications from $251.00 to $261.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. Barclays reduced their target price on SBA Communications from $257.00 to $254.00 and set an “overweight” rating for the company in a report on Monday, January 13th. Citizens Jmp raised SBA Communications to a “strong-buy” rating in a report on Monday, January 27th. Finally, JMP Securities initiated coverage on SBA Communications in a report on Monday, January 27th. They set an “outperform” rating and a $250.00 target price for the company. Four investment 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 stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $252.29.

SBA Communications Stock Performance

NASDAQ:SBAC opened at $205.37 on Friday. SBA Communications Co. has a one year low of $183.64 and a one year high of $252.64. The stock has a market cap of $22.08 billion, a PE ratio of 32.39, a P/E/G ratio of 0.73 and a beta of 0.69. The stock has a 50 day moving average price of $203.51 and a 200 day moving average price of $220.88.

About SBA Communications

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.