SBA Communications Co. (NASDAQ:SBAC) Share Ownership of Mirae Asset Global Investments Co. Ltd. elevated | Panda Anku


Mirae Asset Global Investments Co.Ltd. increased its position in SBA Communications Co. (NASDAQ:SBAC – Get Rating) stock by 9.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,269 shares of the tech company after buying another 2,068 shares during the period. Mirae Asset Global Investments Co.Ltd. in SBA Communications was worth $8,351,000 at the time of its most recent SEC filing.

Other hedge funds have also recently changed their positions in the company. International Assets Investment Management LLC acquired a new position in SBA Communications valued at $51,000 during the fourth quarter. Cambridge Investment Research Advisors Inc. increased its holdings of SBA Communications shares by 3.2% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 1,626 shares of the $633,000 tech company after buying another 50 shares during the period. Mercer Global Advisors Inc. ADV increased its position in SBA Communications shares by 7.7% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 2,420 shares of the technology company, valued at $942,000, after buying another 173 shares last quarter. Benjamin F. Edwards & Company Inc. increased its stake 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, having acquired an additional 73 shares during this period. Finally, M&T Bank Corp increased its stake in SBA Communications by 3.4% in the fourth quarter. M&T Bank Corp now owns 3,484 shares of the tech company, valued at $1,355,000, after purchasing an additional 116 shares last quarter. Institutional investors and hedge funds own 95.41% of the company’s shares.

Insider buying and selling

In other news from SBA Communications, EVP Mark R. Ciarfella sold 8,213 shares of SBA Communications in a transaction that took place on Monday, August 15th. The shares sold at an average price of $355.50 for a total value of $2,919,721.50. Following the transaction, the Executive Vice President now owns 23,884 shares of the company valued at $8,490,762. The transaction was disclosed in a document filed with the SEC, available at this link. In addition, on Monday, August 15, EVP Mark R. Ciarfella sold 8,213 shares of the company’s shares in a transaction. The stock sold at an average price of $355.50 for a total transaction of $2,919,721.50. Following the closing of the sale, the Executive Vice President now directly owns 23,884 shares of the Company, valued at approximately $8,490,762. The transaction was disclosed in a filing with the SEC, available at this hyperlink. Also on Wednesday, August 10, EVP Jason V. Silberstein sold 16,464 shares of SBA Communications in one transaction. The stock sold at an average price of $350.38 for a total value of $5,768,656.32. Following the closing of the transaction, the Executive Vice President now owns 21,785 shares of the Company, valued at $7,633,028.30. The disclosure for this sale can be found here. Insiders have sold 85,152 shares of the company’s stock valued at $29,512,752 over the past ninety days. 1.80% of the shares are currently owned by company insiders.

Analyst upgrades and downgrades

Several research companies have recently commented on SBAC. Wells Fargo & Company lowered its target price on SBA Communications to $355.00 from $390.00 and gave the company an Overweight rating in a report Tuesday, July 19. Barclays increased its price target on SBA Communications to $385.00 from $378.00 and gave the stock an overweight rating in a research report on Tuesday, April 26. Cowen raised his price target on shares of SBA Communications to $382.00 from $373.00 in a report on Tuesday, April 26. Cowen increased its target price on SBA Communications stock to $382.00 from $373.00 in a report on Tuesday, April 26. Finally, UBS Group raised its target price on shares of SBA Communications from $400.00 to $410.00, giving the company a “buy” rating in a research note on Tuesday, August 2nd. Three research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, SBA Communications currently has a consensus rating of Moderate Buy and a consensus price target of $384.67.

Course development by SBA Communications

SBAC opened at $344.49 on Friday. The company has a 50-day moving average price of $325.99 and a 200-day moving average price of $330.60. The company has a market cap of $37.15 billion, a price-to-earnings ratio of 106.65 and a beta of 0.43. SBA Communications Co. has a 1-year low of $286.41 and a 1-year high of $391.15.

SBA Communications (NASDAQ:SBAC – Get Rating) last announced its quarterly earnings data on Monday, August 1st. The tech company reported earnings per share of $0.64 for the quarter, missing the consensus estimate of $0.90 ($0.26). The company had revenue of $652.01 million for the quarter, compared to analyst estimates of $626.30 million. SBA Communications had a net margin of 14.45% and a negative return on equity of 6.73%. The company’s quarterly revenue increased 13.3% compared to the same quarter last year. In the same quarter last year, the company earned $2.64 per share. Equity analysts expect SBA Communications Co. to post 11.2 EPS for the current fiscal year.

SBA Communications announces dividend

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. The ex-dividend date is Wednesday 24th August. That equates to an annualized dividend of $2.84 and a dividend yield of 0.82%. SBA Communications’ dividend payout ratio is currently 87.93%.

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.

Selected Stories

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



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