SBA Communications Corporation (NASDAQ:SBAC) Director George R. Krouse, Jr. sold 1,643 shares of the firm’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $138.63, for a total value of $227,769.09. Following the completion of the sale, the director now directly owns 11,643 shares of the company’s stock, valued at approximately $1,614,069.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

SBA Communications Corporation (NASDAQ:SBAC) traded up 0.49% during midday trading on Friday, reaching $142.90. The company’s stock had a trading volume of 573,649 shares. SBA Communications Corporation has a 52 week low of $95.66 and a 52 week high of $144.81. The firm has a market cap of $17.20 billion, a P/E ratio of 491.07 and a beta of 0.73. The firm has a 50 day moving average price of $137.50 and a 200-day moving average price of $126.58.

SBA Communications Corporation (NASDAQ:SBAC) last announced its quarterly earnings results on Monday, July 31st. The technology company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by $0.01. The firm had revenue of $427.30 million during the quarter, compared to the consensus estimate of $426.10 million. SBA Communications Corporation had a negative return on equity of 2.64% and a net margin of 2.19%. SBA Communications Corporation’s revenue was up 5.4% on a year-over-year basis. During the same period last year, the business earned $1.48 EPS. On average, analysts forecast that SBA Communications Corporation will post $0.92 earnings per share for the current fiscal year.

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SBAC has been the subject of a number of research reports. BidaskClub cut SBA Communications Corporation from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 9th. Jefferies Group LLC raised their target price on SBA Communications Corporation from $133.00 to $150.00 and gave the company a “buy” rating in a report on Tuesday, May 2nd. Stifel Nicolaus set a $148.00 target price on SBA Communications Corporation and gave the company a “buy” rating in a report on Tuesday, May 2nd. Royal Bank Of Canada restated a “buy” rating on shares of SBA Communications Corporation in a report on Wednesday, August 2nd. Finally, Zacks Investment Research lowered SBA Communications Corporation from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 19th. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $141.57.

Large investors have recently made changes to their positions in the stock. AQR Capital Management LLC bought a new stake in shares of SBA Communications Corporation during the fourth quarter worth $822,000. Teachers Advisors LLC raised its stake in shares of SBA Communications Corporation by 7.6% in the fourth quarter. Teachers Advisors LLC now owns 127,390 shares of the technology company’s stock worth $13,154,000 after buying an additional 8,986 shares during the last quarter. Gulf International Bank UK Ltd raised its stake in shares of SBA Communications Corporation by 1.0% in the first quarter. Gulf International Bank UK Ltd now owns 39,470 shares of the technology company’s stock worth $4,751,000 after buying an additional 400 shares during the last quarter. CrestPoint Capital Management LLC raised its stake in shares of SBA Communications Corporation by 27.8% in the first quarter. CrestPoint Capital Management LLC now owns 4,600 shares of the technology company’s stock worth $554,000 after buying an additional 1,000 shares during the last quarter. Finally, Capstone Asset Management Co. raised its stake in shares of SBA Communications Corporation by 26.0% in the first quarter. Capstone Asset Management Co. now owns 2,861 shares of the technology company’s stock worth $344,000 after buying an additional 590 shares during the last quarter. 99.23% of the stock is currently owned by hedge funds and other institutional investors.

About SBA Communications Corporation

SBA Communications Corporation is an independent owner and operator of wireless communications tower structures, rooftops and other structures that support antennas used for wireless communications. The Company’s operating segments include site leasing and site development. The site leasing business includes segments, domestic site leasing and international site leasing.

Insider Buying and Selling by Quarter for SBA Communications Corporation (NASDAQ:SBAC)

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