Cwm LLC Purchases 127 Shares of SBA Communications Co. (NASDAQ:SBAC)

Cwm LLC raised its position in shares of SBA Communications Co. (NASDAQ:SBAC) by 4.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,079 shares of the technology company’s stock after purchasing an additional 127 shares during the quarter. Cwm LLC’s holdings in SBA Communications were worth $741,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Ridgewood Investments LLC bought a new stake in shares of SBA Communications during the 2nd quarter valued at about $32,000. Family Firm Inc. bought a new position in shares of SBA Communications during the 2nd quarter valued at approximately $36,000. Global X Japan Co. Ltd. bought a new position in shares of SBA Communications during the 2nd quarter valued at approximately $49,000. Versant Capital Management Inc grew its stake in shares of SBA Communications by 4,500.0% during the 2nd quarter. Versant Capital Management Inc now owns 276 shares of the technology company’s stock valued at $54,000 after acquiring an additional 270 shares during the period. Finally, Ashton Thomas Private Wealth LLC bought a new position in shares of SBA Communications during the 2nd quarter valued at approximately $60,000. 97.35% of the stock is currently owned by institutional investors.

Insider Transactions at SBA Communications

In other news, Director George R. Krouse, Jr. sold 325 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $219.58, for a total transaction of $71,363.50. Following the sale, the director now directly owns 8,084 shares of the company’s stock, valued at $1,775,084.72. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Donald Day sold 1,500 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $242.86, for a total transaction of $364,290.00. Following the sale, the executive vice president now owns 4,998 shares in the company, valued at approximately $1,213,814.28. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director George R. Krouse, Jr. sold 325 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $219.58, for a total value of $71,363.50. Following the sale, the director now owns 8,084 shares in the company, valued at $1,775,084.72. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 51,590 shares of company stock valued at $11,483,981 in the last ninety days. Corporate insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. KeyCorp boosted their price objective on SBA Communications from $230.00 to $280.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. Royal Bank of Canada boosted their price objective on SBA Communications from $235.00 to $245.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. BMO Capital Markets cut their price objective on SBA Communications from $250.00 to $245.00 and set an “outperform” rating for the company in a research note on Tuesday, July 30th. TD Cowen lowered their price target on SBA Communications from $253.00 to $251.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. Finally, StockNews.com raised SBA Communications from a “hold” rating to a “buy” rating in a report on Friday, September 20th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, SBA Communications currently has a consensus rating of “Moderate Buy” and a consensus target price of $251.58.

SBA Communications Price Performance

Shares of SBAC opened at $247.47 on Friday. The stock has a market capitalization of $26.60 billion, a price-to-earnings ratio of 52.21, a price-to-earnings-growth ratio of 0.72 and a beta of 0.67. SBA Communications Co. has a 1 year low of $183.64 and a 1 year high of $258.76. The business’s 50 day simple moving average is $234.22 and its 200-day simple moving average is $212.52.

SBA Communications (NASDAQ:SBAC) last issued its quarterly earnings data on Monday, July 29th. The technology company reported $1.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.07 by ($0.56). The firm had revenue of $660.50 million for the quarter, compared to analysts’ expectations of $665.21 million. SBA Communications had a negative return on equity of 9.85% and a net margin of 19.22%. The firm’s revenue was down 2.7% on a year-over-year basis. During the same period last year, the company earned $3.24 earnings per share. On average, sell-side analysts expect that SBA Communications Co. will post 12.52 earnings per share for the current year.

SBA Communications Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Thursday, August 22nd were issued a dividend of $0.98 per share. The ex-dividend date was Thursday, August 22nd. This represents a $3.92 annualized dividend and a dividend yield of 1.58%. SBA Communications’s dividend payout ratio (DPR) is 82.70%.

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.