Oakworth Capital Inc. Has $47,000 Stake in SBA Communications Co. (NASDAQ:SBAC)

Oakworth Capital Inc. lifted its position in shares of SBA Communications Co. (NASDAQ:SBAC) by 161.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 233 shares of the technology company’s stock after buying an additional 144 shares during the period. Oakworth Capital Inc.’s holdings in SBA Communications were worth $47,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Victory Capital Management Inc. grew its stake in shares of SBA Communications by 2,821.5% during the 3rd quarter. Victory Capital Management Inc. now owns 1,216,094 shares of the technology company’s stock worth $292,714,000 after acquiring an additional 1,174,469 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in SBA Communications by 377.6% during the third 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 last quarter. JPMorgan Chase & Co. grew its position in SBA Communications by 16.6% in the third quarter. JPMorgan Chase & Co. now owns 4,254,460 shares of the technology company’s stock valued at $1,024,049,000 after purchasing an additional 605,872 shares in the last quarter. KBC Group NV lifted its position in SBA Communications by 212.3% during the 4th quarter. KBC Group NV now owns 410,023 shares of the technology company’s stock worth $83,562,000 after buying an additional 278,737 shares in the last quarter. Finally, Barclays PLC boosted its stake in shares of SBA Communications by 71.0% during the 3rd quarter. Barclays PLC now owns 658,029 shares of the technology company’s stock worth $158,386,000 after buying an additional 273,237 shares during the last quarter. 97.35% of the stock is currently owned by institutional investors.

SBA Communications Trading Up 0.7 %

SBA Communications stock opened at $205.00 on Friday. The company has a market capitalization of $22.04 billion, a price-to-earnings ratio of 32.33, a PEG ratio of 0.70 and a beta of 0.69. The stock’s 50 day moving average is $205.81 and its 200-day moving average is $221.14. SBA Communications Co. has a 12 month low of $183.64 and a 12 month high of $252.64.

Insider Buying and Selling at SBA Communications

In other SBA Communications news, EVP Donald Day sold 2,321 shares of the stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $203.43, for a total transaction of $472,161.03. Following the transaction, the executive vice president now owns 4,998 shares in the company, valued at $1,016,743.14. This represents a 31.71 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Mark R. Ciarfella sold 3,545 shares of SBA Communications stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $224.33, for a total transaction of $795,249.85. Following the completion of the sale, the executive vice president now owns 33,588 shares of the company’s stock, valued at approximately $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. Insiders own 1.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on SBAC. Wells Fargo & Company lowered their target price on SBA Communications from $230.00 to $210.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 23rd. StockNews.com upgraded SBA Communications from a “hold” rating to a “buy” rating in a research note on Thursday, January 23rd. Citizens Jmp raised SBA Communications to a “strong-buy” rating in a report on Monday, January 27th. Barclays dropped their price target on shares of SBA Communications from $257.00 to $254.00 and set an “overweight” rating on the stock in a research report on Monday, January 13th. Finally, KeyCorp lifted their price objective on shares of SBA Communications from $230.00 to $280.00 and gave the company an “overweight” rating in a research report on Monday, October 14th. Four investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, SBA Communications currently has an average rating of “Moderate Buy” and a consensus price target of $252.29.

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 throughout the Americas, Africa and in Asia, SBA is listed on NASDAQ under the symbol SBAC.