Partners Group Holding AG Reduces Stock Position in SBA Communications Co. (NASDAQ:SBAC)

Partners Group Holding AG reduced its holdings in shares of SBA Communications Co. (NASDAQ:SBAC) by 5.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor 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 investment portfolio, making the stock its 21st biggest holding. Partners Group Holding AG owned about 0.14% of SBA Communications worth $30,198,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Stevens Capital Management LP boosted its position in shares of SBA Communications by 516.5% in the 4th quarter. Stevens Capital Management LP now owns 9,445 shares of the technology company’s stock valued at $1,925,000 after purchasing an additional 7,913 shares during the period. LPL Financial LLC increased its stake in SBA Communications by 0.7% in the fourth quarter. LPL Financial LLC now owns 17,713 shares of the technology company’s stock valued at $3,610,000 after purchasing an additional 129 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in shares of SBA Communications in the fourth quarter valued at about $7,112,000. Sei Investments Co. boosted its stake in shares of SBA Communications by 25.2% during the fourth quarter. Sei Investments Co. now owns 506,029 shares of the technology company’s stock worth $103,129,000 after buying an additional 101,799 shares during the period. Finally, Mizuho Securities USA LLC raised its stake in SBA Communications by 46.2% during the 4th quarter. Mizuho Securities USA LLC now owns 10,191 shares of the technology company’s stock valued at $2,077,000 after acquiring an additional 3,222 shares during the last quarter. Hedge funds and other institutional investors own 97.35% of the company’s stock.

SBA Communications Trading Up 0.3 %

SBA Communications stock opened at $221.64 on Friday. The stock has a fifty day moving average price of $209.59 and a 200 day moving average price of $220.10. SBA Communications Co. has a 52 week low of $183.64 and a 52 week high of $252.64. The firm has a market capitalization of $23.85 billion, a P/E ratio of 34.96, a PEG ratio of 0.74 and a beta of 0.74.

SBA Communications Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be issued a dividend of $1.11 per share. This is a positive change from SBA Communications’s previous quarterly dividend of $0.98. This represents a $4.44 annualized dividend and a dividend yield of 2.00%. The ex-dividend date is Thursday, March 13th. SBA Communications’s dividend payout ratio is presently 63.98%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on SBAC. BMO Capital Markets reissued a “market perform” rating and issued a $230.00 target price (down previously from $260.00) on shares of SBA Communications in a report on Wednesday, December 18th. Citizens Jmp raised SBA Communications to a “strong-buy” rating in a report on Monday, January 27th. StockNews.com downgraded SBA Communications from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Wells Fargo & Company boosted their price objective on shares of SBA Communications from $210.00 to $225.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 26th. Finally, Barclays raised their target price on shares of SBA Communications from $240.00 to $244.00 and gave the company an “overweight” rating in a report on Friday. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, SBA Communications presently has a consensus rating of “Moderate Buy” and a consensus target price of $252.85.

Insider Buying and Selling

In other SBA Communications news, VP Joshua Koenig sold 2,209 shares of the stock in a transaction that occurred 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 transaction, the vice president now owns 6,079 shares of the company’s stock, 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 SEC, which is accessible through this hyperlink. 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.