Motley Fool Asset Management LLC cut its holdings in shares of SBA Communications Corporation (NASDAQ:SBAC) by 3.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,019 shares of the technology company's stock after selling 1,945 shares during the period. SBA Communications comprises about 0.7% of Motley Fool Asset Management LLC's portfolio, making the stock its 29th biggest position. Motley Fool Asset Management LLC owned about 0.05% of SBA Communications worth $12,985,000 at the end of the most recent quarter. Several institutional investors and hedge funds also recently bought and sold shares of the company. Independence Bank of Kentucky purchased a new stake in SBA Communications during the first quarter worth about $28,000. Allworth Financial LP increased its stake in SBA Communications by 62.0% during the first quarter. Allworth Financial LP now owns 162 shares of the technology company's stock worth $36,000 after purchasing an additional 62 shares during the period. NBC Securities Inc. increased its stake in SBA Communications by 1,575.0% during the first quarter. NBC Securities Inc. now owns 201 shares of the technology company's stock worth $44,000 after purchasing an additional 189 shares during the period. Zions Bancorporation National Association UT purchased a new stake in SBA Communications during the first quarter worth about $47,000. Finally, Wayfinding Financial LLC purchased a new stake in SBA Communications during the first quarter worth about $51,000. 97.35% of the stock is currently owned by hedge funds and other institutional investors. SBA Communications announced a quarterly dividend of $1.11 per share, with a dividend yield of 2.0% and a payout ratio of 56.42%, set to be paid on September 18th. The company has a market capitalization of $23.73 billion, a price-to-earnings ratio of 28.06, a price-to-earnings-growth ratio of 2.03 and a beta of 0.77. SBA Communications Corporation has a 52-week low of $192.55 and a 52-week high of $252.64. SBA Communications (SBAC) last announced its quarterly earnings results on Monday, August 4th. The technology company reported $3.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.10 by $0.07. The firm had revenue of $698.98 million during the quarter, compared to the consensus estimate of $670.73 million. SBA Communications had a negative return on equity of 16.83% and a net margin of 31.19%. The firm's quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the company posted $3.29 earnings per share. On average, equities analysts anticipate that SBA Communications Corporation will post 12.57 EPS for the current fiscal year. A number of analysts have issued reports on SBAC shares. Scotiabank started coverage on shares of SBA Communications in a research note on Thursday, July 17th. They set a 'sector perform' rating and a $252.00 price target on the stock. JMP Securities set a $280.00 price target on shares of SBA Communications and gave the stock a 'market outperform' rating in a research note on Tuesday, August 5th. Morgan Stanley upped their target price on shares of SBA Communications from $255.00 to $260.00 and gave the stock an 'equal weight' rating in a research note on Tuesday, July 22nd. Barclays upped their target price on shares of SBA Communications from $247.00 to $257.00 and gave the stock an 'overweight' rating in a research note on Wednesday, July 23rd. Finally, Citigroup restated an 'outperform' rating on shares of SBA Communications in a research note on Tuesday, August 5th. Eight analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of 'Moderate Buy' and an average target price of $258.25. 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.

Motley Fool Asset Management LLC Trims Stock Holdings in SBA Communications Corporation (NASDAQ:SBAC)

Motley Fool Asset Management LLC reduced its holdings in SBA Communications Corporation (SBAC) by 3.2% in the first quarter, selling 1,945 shares to hold 59,019 shares, representing 0.7% of its portfolio. The firm's position is valued at $12.985 million. Several institutional investors and hedge funds also adjusted their stakes during the period, including Allworth Financial LP, which increased its holdings by 62%, NBC Securities Inc., which increased its stake by 1,575%, and others who purchased new positions. SBA Communications reported strong quarterly earnings of $3.17 EPS, exceeding estimates, with revenue of $698.98 million and a 5.8% year-over-year growth. The company announced a $1.11 per share dividend with a 2.0% yield and a 56.42% payout ratio, set for September 18th. It has a market cap of $23.73 billion, a P/E ratio of 28.06, and a beta of 0.77. Analysts from Scotiabank, JMP Securities, Morgan Stanley, Barclays, and Citigroup have issued ratings and price targets, with an average target price of $258.25. The company operates as a leading provider of wireless communications infrastructure across the Americas, Africa, and Asia, with over 39,000 sites in its portfolio.