SBA Communications Corporation (SBAC) Holdings Reduced by DF Dent & Co. Inc.

DF Dent & Co. Inc. reduced its position in SBA Communications Corporation (NASDAQ:SBAC) by 5.5% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 183,879 shares of the technology company’s stock after selling 10,748 shares during the period. DF Dent & Co. Inc. owned about 0.15% of SBA Communications Corporation worth $24,805,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in SBAC. D.A. Davidson & CO. grew its stake in SBA Communications Corporation by 18.8% in the 2nd quarter. D.A. Davidson & CO. now owns 758 shares of the technology company’s stock worth $102,000 after acquiring an additional 120 shares during the period. Creative Planning grew its stake in SBA Communications Corporation by 40.7% in the 2nd quarter. Creative Planning now owns 874 shares of the technology company’s stock worth $118,000 after acquiring an additional 253 shares during the period. Van ECK Associates Corp grew its stake in SBA Communications Corporation by 17.0% in the 1st quarter. Van ECK Associates Corp now owns 1,217 shares of the technology company’s stock worth $146,000 after acquiring an additional 177 shares during the period. Acadian Asset Management LLC purchased a new stake in SBA Communications Corporation in the 2nd quarter worth approximately $159,000. Finally, Advisor Group Inc. grew its stake in SBA Communications Corporation by 9.7% in the 2nd quarter. Advisor Group Inc. now owns 1,286 shares of the technology company’s stock worth $172,000 after acquiring an additional 114 shares during the period. 92.35% of the stock is owned by hedge funds and other institutional investors.

In other SBA Communications Corporation news, SVP Brian D. Lazarus sold 7,376 shares of the business’s stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $151.79, for a total value of $1,119,603.04. Following the completion of the sale, the senior vice president now directly owns 17,525 shares of the company’s stock, valued at $2,660,119.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director George R. Krouse, Jr. sold 1,643 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $138.63, for a total transaction 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 $1,614,069.09. The disclosure for this sale can be found here. Insiders sold 18,674 shares of company stock valued at $2,706,217 over the last three months. Insiders own 2.40% of the company’s stock.

WARNING: “SBA Communications Corporation (SBAC) Holdings Reduced by DF Dent & Co. Inc.” was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this article on another publication, it was illegally stolen and republished in violation of US & international trademark and copyright law. The correct version of this article can be viewed at https://ledgergazette.com/2017/10/10/sba-communications-corporation-sbac-holdings-reduced-by-df-dent-co-inc.html.

Several research firms have commented on SBAC. Citigroup Inc. lifted their target price on shares of SBA Communications Corporation from $140.00 to $168.00 and gave the stock a “neutral” rating in a research note on Monday, August 28th. Morgan Stanley reaffirmed an “overweight” rating and issued a $159.00 target price (up from $147.00) on shares of SBA Communications Corporation in a research note on Thursday, August 24th. BidaskClub raised shares of SBA Communications Corporation from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 22nd. Zacks Investment Research cut shares of SBA Communications Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. Finally, KeyCorp upgraded shares of SBA Communications Corporation from a “sector weight” rating to an “overweight” rating and set a $170.00 price target on the stock in a report on Wednesday, September 27th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $147.36.

SBA Communications Corporation (SBAC) traded up 0.86% during trading on Tuesday, hitting $149.00. 242,592 shares of the company traded hands. SBA Communications Corporation has a one year low of $95.66 and a one year high of $154.71. The firm has a market cap of $17.93 billion, a P/E ratio of 512.03 and a beta of 0.69. The firm has a 50 day moving average of $147.64 and a 200 day moving average of $135.83.

SBA Communications Corporation (NASDAQ:SBAC) last posted its earnings results on Monday, July 31st. The technology company reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.01). The business 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%. The business’s revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.48 earnings per share. On average, analysts expect that SBA Communications Corporation will post $0.94 earnings per shar

A number of other hedge funds have also recently added to or reduced their stakes in SBAC. D.A. Davidson & CO. grew its stake in SBA Communications Corporation by 18.8% in the 2nd quarter. D.A. Davidson & CO. now owns 758 shares of the technology company’s stock worth $102,000 after acquiring an additional 120 shares during the period. Creative Planning grew its stake in SBA Communications Corporation by 40.7% in the 2nd quarter. Creative Planning now owns 874 shares of the technology company’s stock worth $118,000 after acquiring an additional 253 shares during the period. Van ECK Associates Corp grew its stake in SBA Communications Corporation by 17.0% in the 1st quarter. Van ECK Associates Corp now owns 1,217 shares of the technology company’s stock worth $146,000 after acquiring an additional 177 shares during the period. Acadian Asset Management LLC purchased a new stake in SBA Communications Corporation in the 2nd quarter worth approximately $159,000. Finally, Advisor Group Inc. grew its stake in SBA Communications Corporation by 9.7% in the 2nd quarter. Advisor Group Inc. now owns 1,286 shares of the technology company’s stock worth $172,000 after acquiring an additional 114 shares during the period. 92.35% of the stock is owned by hedge funds and other institutional investors.

In other SBA Communications Corporation news, SVP Brian D. Lazarus sold 7,376 shares of the business’s stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $151.79, for a total value of $1,119,603.04. Following the completion of the sale, the senior vice president now directly owns 17,525 shares of the company’s stock, valued at $2,660,119.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director George R. Krouse, Jr. sold 1,643 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $138.63, for a total transaction 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 $1,614,069.09. The disclosure for this sale can be found here. Insiders sold 18,674 shares of company stock valued at $2,706,217 over the last three months. Insiders own 2.40% of the company’s stock.

WARNING: “SBA Communications Corporation (SBAC) Holdings Reduced by DF Dent & Co. Inc.” was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this article on another publication, it was illegally stolen and republished in violation of US & international trademark and copyright law. The correct version of this article can be viewed at https://ledgergazette.com/2017/10/10/sba-communications-corporation-sbac-holdings-reduced-by-df-dent-co-inc.html.

Several research firms have commented on SBAC. Citigroup Inc. lifted their target price on shares of SBA Communications Corporation from $140.00 to $168.00 and gave the stock a “neutral” rating in a research note on Monday, August 28th. Morgan Stanley reaffirmed an “overweight” rating and issued a $159.00 target price (up from $147.00) on shares of SBA Communications Corporation in a research note on Thursday, August 24th. BidaskClub raised shares of SBA Communications Corporation from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 22nd. Zacks Investment Research cut shares of SBA Communications Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. Finally, KeyCorp upgraded shares of SBA Communications Corporation from a “sector weight” rating to an “overweight” rating and set a $170.00 price target on the stock in a report on Wednesday, September 27th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $147.36.

SBA Communications Corporation (SBAC) traded up 0.86% during trading on Tuesday, hitting $149.00. 242,592 shares of the company traded hands. SBA Communications Corporation has a one year low of $95.66 and a one year high of $154.71. The firm has a market cap of $17.93 billion, a P/E ratio of 512.03 and a beta of 0.69. The firm has a 50 day moving average of $147.64 and a 200 day moving average of $135.83.

SBA Communications Corporation (NASDAQ:SBAC) last posted its earnings results on Monday, July 31st. The technology company reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.01). The business 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%. The business’s revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.48 earnings per share. On average, analysts expect that SBA Communications Corporation will post $0.94 earnings per share for the current fiscal year.

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.

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

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