Kintegral Advisory LLC Has $486,000 Stake in SBA Communications Co. (NASDAQ:SBAC)

Kintegral Advisory LLC reduced its holdings in SBA Communications Co. (NASDAQ:SBAC) by 4.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 2,383 shares of the technology company’s stock after selling 111 shares during the quarter. Kintegral Advisory LLC’s holdings in SBA Communications were worth $486,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Handelsbanken Fonder AB grew its position in shares of SBA Communications by 3.1% in the 4th quarter. Handelsbanken Fonder AB now owns 66,433 shares of the technology company’s stock valued at $13,539,000 after acquiring an additional 2,025 shares during the period. Ieq Capital LLC boosted its holdings in shares of SBA Communications by 466.2% during the 4th quarter. Ieq Capital LLC now owns 24,402 shares of the technology company’s stock worth $4,973,000 after buying an additional 20,092 shares during the period. Venturi Wealth Management LLC boosted its holdings in shares of SBA Communications by 118.9% during the 4th quarter. Venturi Wealth Management LLC now owns 742 shares of the technology company’s stock worth $151,000 after buying an additional 403 shares during the period. CIBC Asset Management Inc boosted its holdings in shares of SBA Communications by 4.7% during the 4th quarter. CIBC Asset Management Inc now owns 16,408 shares of the technology company’s stock worth $3,344,000 after buying an additional 735 shares during the period. Finally, Sanctuary Advisors LLC boosted its holdings in shares of SBA Communications by 31.7% during the 4th quarter. Sanctuary Advisors LLC now owns 7,471 shares of the technology company’s stock worth $1,488,000 after buying an additional 1,799 shares during the period. 97.35% of the stock is currently owned by institutional investors and hedge funds.

SBA Communications Stock Up 1.4 %

SBAC opened at $213.00 on Monday. SBA Communications Co. has a twelve month low of $183.64 and a twelve month high of $252.64. The company has a fifty day moving average of $202.62 and a 200-day moving average of $220.41. The stock has a market cap of $22.90 billion, a PE ratio of 33.60, a price-to-earnings-growth ratio of 0.74 and a beta of 0.69.

Insiders Place Their Bets

In other SBA Communications news, EVP Donald Day sold 2,321 shares of the firm’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $203.43, for a total value of $472,161.03. Following the transaction, the executive vice president now directly owns 4,998 shares of the company’s stock, valued at approximately $1,016,743.14. This trade represents a 31.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mark R. Ciarfella sold 3,545 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $224.33, for a total transaction of $795,249.85. Following the transaction, the executive vice president now directly owns 33,588 shares in the company, valued at $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. Corporate insiders own 1.30% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on SBAC shares. TD Cowen lifted their target price on shares of SBA Communications from $251.00 to $261.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. BMO Capital Markets reiterated a “market perform” rating and issued a $230.00 price objective (down previously from $260.00) on shares of SBA Communications in a research note on Wednesday, December 18th. Citizens Jmp upgraded shares of SBA Communications to a “strong-buy” rating in a research note on Monday, January 27th. Wells Fargo & Company dropped their price objective on shares of SBA Communications from $230.00 to $210.00 and set an “equal weight” rating for the company in a research note on Thursday, January 23rd. Finally, Raymond James lifted their price objective on shares of SBA Communications from $285.00 to $300.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, October 29th. Five analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, SBA Communications currently has an average rating of “Moderate Buy” and an average price target of $251.29.

About SBA Communications

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.