Bokf Na Has $888,000 Stock Holdings in SBA Communications Co. (NASDAQ:SBAC)

Bokf Na decreased its position in shares of SBA Communications Co. (NASDAQ:SBAC) by 2.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,605 shares of the technology company’s stock after selling 135 shares during the period. Bokf Na’s holdings in SBA Communications were worth $888,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. NewEdge Advisors LLC boosted its holdings in SBA Communications by 23.9% in the fourth quarter. NewEdge Advisors LLC now owns 1,276 shares of the technology company’s stock worth $260,000 after purchasing an additional 246 shares in the last quarter. Oak Thistle LLC boosted its stake in shares of SBA Communications by 76.1% during the 4th quarter. Oak Thistle LLC now owns 6,623 shares of the technology company’s stock worth $1,350,000 after acquiring an additional 2,863 shares in the last quarter. Czech National Bank increased its holdings in shares of SBA Communications by 6.5% during the 4th quarter. Czech National Bank now owns 23,314 shares of the technology company’s stock valued at $4,751,000 after acquiring an additional 1,421 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of SBA Communications by 3.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,308,511 shares of the technology company’s stock valued at $266,675,000 after acquiring an additional 38,725 shares in the last quarter. Finally, NEOS Investment Management LLC lifted its holdings in SBA Communications by 29.3% in the 4th quarter. NEOS Investment Management LLC now owns 5,488 shares of the technology company’s stock worth $1,118,000 after purchasing an additional 1,243 shares during the last quarter. Hedge funds and other institutional investors own 97.35% of the company’s stock.

Insider Activity

In other news, Director Jack Langer sold 5,000 shares of the firm’s stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $240.59, for a total value of $1,202,950.00. Following the completion of the sale, the director now directly owns 10,522 shares in the company, valued at approximately $2,531,487.98. This trade represents a 32.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Joshua Koenig sold 2,209 shares of the company’s stock in a transaction dated Friday, March 7th. The stock was 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 in the company, valued at approximately $1,362,790.22. This trade represents a 26.65 % decrease in their position. The disclosure for this sale can be found here. 0.92% of the stock is currently owned by corporate insiders.

SBA Communications Stock Up 1.3 %

NASDAQ SBAC opened at $239.66 on Friday. The stock has a market cap of $25.79 billion, a P/E ratio of 37.80, a PEG ratio of 0.74 and a beta of 0.83. SBA Communications Co. has a twelve month low of $185.44 and a twelve month high of $252.64. The company’s 50-day simple moving average is $223.82 and its 200 day simple moving average is $216.47.

SBA Communications Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Thursday, May 22nd will be issued a dividend of $1.11 per share. This represents a $4.44 annualized dividend and a dividend yield of 1.85%. The ex-dividend date is Thursday, May 22nd. SBA Communications’s payout ratio is 60.91%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SBAC. Royal Bank of Canada reissued an “outperform” rating and issued a $255.00 price target on shares of SBA Communications in a research report on Monday, February 24th. Barclays boosted their target price on shares of SBA Communications from $244.00 to $247.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 29th. Raymond James reaffirmed a “strong-buy” rating and issued a $268.00 price target (up from $265.00) on shares of SBA Communications in a research report on Tuesday, April 29th. Citigroup increased their target price on SBA Communications from $250.00 to $265.00 and gave the company a “buy” rating in a research note on Tuesday, April 29th. Finally, BMO Capital Markets lifted their price target on SBA Communications from $230.00 to $240.00 and gave the stock a “market perform” rating in a research report on Tuesday, April 29th. Six investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, SBA Communications has a consensus rating of “Moderate Buy” and a consensus target price of $252.38.

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.