Los Angeles Capital Management & Equity Research Inc. lifted its holdings in shares of SBA Communications Corporation (NASDAQ:SBAC) by 5,295.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 87,944 shares of the technology company’s stock after purchasing an additional 86,314 shares during the quarter. Los Angeles Capital Management & Equity Research Inc. owned 0.07% of SBA Communications Corporation worth $12,668,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Toronto Dominion Bank raised its stake in shares of SBA Communications Corporation by 9.5% during the second quarter. Toronto Dominion Bank now owns 1,487 shares of the technology company’s stock valued at $201,000 after acquiring an additional 129 shares during the last quarter. State Treasurer State of Michigan bought a new position in SBA Communications Corporation during the third quarter worth $5,258,000. SG Americas Securities LLC raised its stake in SBA Communications Corporation by 160.5% during the second quarter. SG Americas Securities LLC now owns 12,629 shares of the technology company’s stock worth $1,704,000 after buying an additional 7,781 shares during the last quarter. Delta Lloyd Asset Management N.V. bought a new position in SBA Communications Corporation during the second quarter worth $3,475,000. Finally, Eagle Asset Management Inc. raised its stake in SBA Communications Corporation by 14.1% during the second quarter. Eagle Asset Management Inc. now owns 361,554 shares of the technology company’s stock worth $48,773,000 after buying an additional 44,693 shares during the last quarter. 95.41% of the stock is currently owned by institutional investors.

A number of research analysts have recently issued reports on the stock. BidaskClub upgraded shares of SBA Communications Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Jefferies Group LLC lifted their price objective on shares of SBA Communications Corporation from $150.00 to $159.00 and gave the company a “buy” rating in a report on Tuesday, August 1st. Royal Bank Of Canada restated a “buy” rating on shares of SBA Communications Corporation in a report on Wednesday, August 2nd. Morgan Stanley boosted their price target on shares of SBA Communications Corporation from $169.00 to $190.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, Barclays PLC restated an “overweight” rating and set a $148.00 price target on shares of SBA Communications Corporation in a report on Tuesday, August 1st. Five equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $152.33.

Shares of SBA Communications Corporation (NASDAQ SBAC) opened at $164.67 on Friday. The company has a debt-to-equity ratio of -3.63, a quick ratio of 0.32 and a current ratio of 0.32. The firm has a market cap of $19,429.69, a PE ratio of 206.63 and a beta of 0.75. SBA Communications Corporation has a 12 month low of $95.76 and a 12 month high of $170.82.

SBA Communications Corporation (NASDAQ:SBAC) last announced its quarterly earnings results on Monday, October 30th. The technology company reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $1.50. The firm had revenue of $433.90 million for the quarter, compared to the consensus estimate of $431.42 million. SBA Communications Corporation had a net margin of 5.95% and a negative return on equity of 4.71%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.12) EPS. equities research analysts predict that SBA Communications Corporation will post 0.98 earnings per share for the current year.

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In other news, Director George R. Krouse, Jr. sold 1,999 shares of the business’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $169.51, for a total transaction of $338,850.49. Following the completion of the sale, the director now directly owns 11,999 shares of the company’s stock, valued at $2,033,950.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Brian D. Lazarus sold 7,376 shares of the business’s stock in a transaction on Friday, August 25th. The shares were sold at an average price of $151.79, for a total transaction of $1,119,603.04. Following the sale, the senior vice president now directly owns 17,525 shares of the company’s stock, valued at $2,660,119.75. The disclosure for this sale can be found here. Company insiders own 2.10% of the company’s stock.

SBA Communications Corporation Profile

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.

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Institutional Ownership by Quarter for SBA Communications Corporation (NASDAQ:SBAC)

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