Bain Capital Public Equity Management LLC decreased its position in shares of SBA Communications Corporation (NASDAQ:SBAC) by 20.1% during the fourth quarter, Holdings Channel reports. The firm owned 113,093 shares of the company’s stock after selling 28,493 shares during the period. Bain Capital Public Equity Management LLC owned approximately 0.09% of SBA Communications Corporation worth $11,678,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. MSI Financial Services Inc boosted its position in shares of SBA Communications Corporation by 0.7% in the third quarter. MSI Financial Services Inc now owns 920 shares of the company’s stock worth $103,000 after buying an additional 6 shares during the period. Capstone Asset Management Co. boosted its position in shares of SBA Communications Corporation by 0.4% in the third quarter. Capstone Asset Management Co. now owns 2,341 shares of the company’s stock worth $263,000 after buying an additional 10 shares during the period. Integrated Investment Consultants LLC boosted its position in shares of SBA Communications Corporation by 1.3% in the third quarter. Integrated Investment Consultants LLC now owns 1,675 shares of the company’s stock worth $186,000 after buying an additional 21 shares during the period. Grassi Investment Management boosted its position in shares of SBA Communications Corporation by 0.3% in the third quarter. Grassi Investment Management now owns 8,925 shares of the company’s stock worth $1,001,000 after buying an additional 25 shares during the period. Finally, Mn Services Vermogensbeheer B.V. boosted its position in shares of SBA Communications Corporation by 1.6% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 3,217 shares of the company’s stock worth $361,000 after buying an additional 52 shares during the period. 95.31% of the stock is owned by institutional investors.

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

Shares of SBA Communications Corporation (NASDAQ:SBAC) traded up 0.58% during mid-day trading on Thursday, reaching $108.93. 689,316 shares of the company traded hands. The firm has a 50-day moving average price of $105.36 and a 200 day moving average price of $107.89. The firm has a market capitalization of $13.52 billion, a price-to-earnings ratio of 134.98 and a beta of 0.72. SBA Communications Corporation has a 52 week low of $88.95 and a 52 week high of $118.57.

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A number of brokerages recently issued reports on SBAC. Zacks Investment Research cut shares of SBA Communications Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, November 8th. J P Morgan Chase & Co raised shares of SBA Communications Corporation from a “neutral” rating to an “overweight” rating and set a $130.00 price target for the company in a research report on Wednesday, November 30th. They noted that the move was a valuation call. Macquarie assumed coverage on shares of SBA Communications Corporation in a research report on Tuesday, December 6th. They set a “neutral” rating and a $107.00 price target for the company. Guggenheim restated a “neutral” rating on shares of SBA Communications Corporation in a research note on Wednesday, December 21st. Finally, BTIG Research restated a “buy” rating and set a $145.00 price objective on shares of SBA Communications Corporation in a research note on Wednesday, December 21st. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $122.77.

SBA Communications Corporation Company 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.

5 Day Chart for NASDAQ:SBAC

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