Clarius Group LLC Has $205,000 Holdings in SBA Communications Co. (NASDAQ:SBAC)

Clarius Group LLC lessened its position in shares of SBA Communications Co. (NASDAQ:SBAC) by 25.5% in the second quarter, according to its most recent filing with the SEC. The firm owned 883 shares of the technology company’s stock after selling 303 shares during the quarter. Clarius Group LLC’s holdings in SBA Communications were worth $205,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Principal Financial Group Inc. grew its position in shares of SBA Communications by 1.4% during the 2nd quarter. Principal Financial Group Inc. now owns 2,780,014 shares of the technology company’s stock worth $644,296,000 after buying an additional 38,564 shares during the period. JPMorgan Chase & Co. grew its position in SBA Communications by 15.9% in the 1st quarter. JPMorgan Chase & Co. now owns 2,537,428 shares of the technology company’s stock valued at $662,447,000 after purchasing an additional 348,105 shares during the period. Geode Capital Management LLC grew its position in SBA Communications by 2.0% in the 1st quarter. Geode Capital Management LLC now owns 2,531,538 shares of the technology company’s stock valued at $659,594,000 after purchasing an additional 49,794 shares during the period. Brown Advisory Inc. grew its position in SBA Communications by 43.0% in the 2nd quarter. Brown Advisory Inc. now owns 2,108,540 shares of the technology company’s stock valued at $488,675,000 after purchasing an additional 634,135 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in SBA Communications by 0.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,505,929 shares of the technology company’s stock valued at $349,011,000 after purchasing an additional 11,898 shares during the period. Institutional investors and hedge funds own 92.48% of the company’s stock.

Insider Activity at SBA Communications

In other SBA Communications news, Director Kevin L. Beebe sold 1,500 shares of SBA Communications stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $233.83, for a total transaction of $350,745.00. Following the completion of the transaction, the director now owns 13,313 shares of the company’s stock, valued at approximately $3,112,978.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other SBA Communications news, CEO Jeffrey Stoops sold 45,779 shares of SBA Communications stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $233.96, for a total transaction of $10,710,454.84. Following the completion of the transaction, the chief executive officer now owns 37,889 shares of the company’s stock, valued at approximately $8,864,510.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kevin L. Beebe sold 1,500 shares of the business’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $233.83, for a total value of $350,745.00. Following the transaction, the director now directly owns 13,313 shares of the company’s stock, valued at approximately $3,112,978.79. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by company insiders.

SBA Communications Stock Performance

Shares of SBA Communications stock opened at $233.71 on Friday. SBA Communications Co. has a 52-week low of $185.23 and a 52-week high of $312.34. The stock’s 50-day simple moving average is $207.50 and its 200 day simple moving average is $221.01. The stock has a market capitalization of $25.21 billion, a P/E ratio of 51.48, a P/E/G ratio of 1.30 and a beta of 0.55.

SBA Communications Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 16th will be paid a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date is Wednesday, November 15th. SBA Communications’s dividend payout ratio is currently 74.89%.

Analysts Set New Price Targets

Several analysts recently issued reports on SBAC shares. KeyCorp reduced their price target on shares of SBA Communications from $300.00 to $251.00 and set an “overweight” rating for the company in a research report on Wednesday, October 11th. Royal Bank of Canada dropped their price objective on SBA Communications from $276.00 to $265.00 and set an “outperform” rating on the stock in a research note on Monday, August 14th. Barclays dropped their price objective on SBA Communications from $296.00 to $251.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 18th. BMO Capital Markets dropped their price objective on SBA Communications from $260.00 to $250.00 and set a “market perform” rating on the stock in a research note on Tuesday, August 1st. Finally, Bank of America cut SBA Communications from a “buy” rating to a “neutral” rating and set a $245.00 price objective on the stock. in a research note on Thursday, August 10th. Four research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $279.12.

SBA Communications 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 in 16 markets throughout the Americas, Africa and the Philippines, SBA is listed on NASDAQ under the symbol SBAC.