Campbell & CO Investment Adviser LLC Acquires New Position in SBA Communications Co. (NASDAQ:SBAC) | Panda Anku


Campbell & CO Investment Adviser LLC acquired a new stake in SBA Communications Co. (NASDAQ:SBAC – Get Rating) during the first quarter, the company said in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 968 shares of the tech company, valued at approximately $333,000.

Other institutional investors and hedge funds have also recently bought and sold shares in the company. GHP Investment Advisors Inc. bought a new position in SBA Communications valued at approximately $25,000 during the first quarter. Riverview Trust Co bought a new position in SBA Communications valued at approximately $26,000 during the first quarter. Curi Wealth Management LLC bought a new position in SBA Communications valued at approximately $30,000 during the fourth quarter. Benjamin F. Edwards & Company Inc. increased its position in SBA Communications by 331.8% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 95 shares of the $37,000 technology company after buying another 73 shares last quarter. Finally, Capital Analysts LLC bought a new position in SBA Communications valued at approximately $40,000 during the fourth quarter. Institutional investors own 95.41% of the company’s shares.

Insider activity at SBA Communications

In related news, CEO Jeffrey Stoops sold 30,000 shares of the company’s stock in a transaction that took place on Tuesday, May 24th. The shares were sold at an average price of $344.07 for a total transaction of $10,322,100.00. Following the transaction, the Chief Executive Officer now owns 83,668 shares of the Company, valued at $28,787,648.76. The sale was disclosed in a legal filing with the SEC available at this hyperlink. In related news, Director Duncan Cocroft sold 1,152 shares of the company’s stock in a transaction that took place on Thursday, August 4th. The shares were sold at an average price of $344.50 for a total transaction of $396,864.00. Following the transaction, the Director now owns 64,592 shares of the Company, valued at $22,251,944. The sale was disclosed in a legal filing with the SEC available at this hyperlink. Also, CEO Jeffrey Stoops sold 30,000 shares of the company’s stock in a transaction that took place on Tuesday, May 24th. The shares were sold at an average price of $344.07 for a total transaction of $10,322,100.00. Following the transaction, the Chief Executive Officer now directly owns 83,668 shares of the Company, valued at approximately $28,787,648.76. The disclosure for this sale can be found here. During the most recent quarter, insiders sold 76,939 shares of the company’s shares for $26,593,030. 1.80% of the shares are currently owned by company insiders.

Course development by SBA Communications

NASDAQ SBAC opened at $350.04 on Monday. The company has a 50-day simple moving average of $324.59 and a 200-day simple moving average of $329.60. The company has a market cap of $37.74 billion, a price-to-earnings ratio of 108.37 and a beta of 0.43. SBA Communications Co. has a 52-week low of $286.41 and a 52-week high of $391.15.

SBA Communications (NASDAQ:SBAC – Get Rating) last released its quarterly earnings results on Monday, August 1st. The tech company reported earnings per share (EPS) of $0.64 for the quarter, missing analyst consensus estimates of $0.90 ($0.26). The company had revenue of $652.01 million for the quarter, compared to analysts’ expectations of $626.30 million. SBA Communications had a negative return on equity of 6.73% and a net margin of 14.45%. SBA Communications revenue for the quarter increased 13.3% compared to the same quarter last year. In the same period last year, the company generated earnings per share of $2.64. On average, analysts are forecasting that SBA Communications Co. will post 11.2 EPS for the year to date.

SBA Communications Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 20th. Shareholders of record on Thursday, August 25 will receive a dividend of $0.71. That equates to a dividend of $2.84 on an annualized basis and a dividend yield of 0.81%. The ex-dividend date is Wednesday 24th August. SBA Communications’ dividend payout ratio (DPR) is 87.93%.

Changes in analyst ratings

A number of equity analysts have recently issued reports on SBAC stocks. The Jefferies Financial Group lowered its target price on shares of SBA Communications from $383.00 to $347.00 and on Thursday, June 30, ranked the company as “hold” in a research report. Deutsche Bank Aktiengesellschaft raised its price target for shares of SBA Communications from $375.00 to $385.00 in a research report on Tuesday, August 2nd. Credit Suisse Group has raised its price target for shares of SBA Communications from $405.00 to $408.00, giving the company a rating of “Outperform” in a research report on Tuesday, August 2nd. Morgan Stanley lowered its target price on shares of SBA Communications to $361.00 from $389.00 and gave the company an overweight rating in a research report on Wednesday, July 20. Finally, UBS Group raised its target price on SBA Communications shares to $410.00 from $400.00, giving the company a “buy” rating in a research report on Tuesday, August 2. Two investment analysts have rated the stock as a hold, twelve as a buy and one as a buy. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $385.88.

SBA communication profile

(received rating)

SBA Communications Corporation is a provider of choice and leading owner and operator of wireless communications infrastructure in the Americas and South Africa. By building Better Wireless, SBA generates revenue from two primary businesses – site leasing and site development services.

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



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