SBA Communications Co. (NASDAQ:SBAC) VP Thomas P. Hunt sold 79,908 shares of the company’s stock in a transaction that occurred on Monday, November 19th. The shares were sold at an average price of $172.47, for a total value of $13,781,732.76. Following the completion of the transaction, the vice president now directly owns 133,652 shares of the company’s stock, valued at $23,050,960.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

SBA Communications stock opened at $168.77 on Wednesday. SBA Communications Co. has a 12 month low of $146.13 and a 12 month high of $177.67.

SBA Communications (NASDAQ:SBAC) last posted its quarterly earnings data on Monday, November 5th. The technology company reported $0.14 EPS for the quarter, missing the consensus estimate of $1.78 by ($1.64). SBA Communications had a negative net margin of 0.11% and a negative return on equity of 0.65%. The firm had revenue of $467.20 million during the quarter, compared to analysts’ expectations of $459.17 million. During the same quarter in the previous year, the company posted $1.75 EPS. SBA Communications’s revenue for the quarter was up 7.7% on a year-over-year basis. On average, research analysts anticipate that SBA Communications Co. will post 7.15 EPS for the current year.

A number of institutional investors have recently bought and sold shares of the stock. Alexandria Capital LLC lifted its stake in SBA Communications by 0.6% in the third quarter. Alexandria Capital LLC now owns 52,404 shares of the technology company’s stock valued at $8,418,000 after purchasing an additional 303 shares during the last quarter. Synovus Financial Corp lifted its stake in SBA Communications by 4.9% in the third quarter. Synovus Financial Corp now owns 6,768 shares of the technology company’s stock valued at $1,087,000 after purchasing an additional 315 shares during the last quarter. Atria Investments LLC lifted its stake in SBA Communications by 8.8% in the second quarter. Atria Investments LLC now owns 4,210 shares of the technology company’s stock valued at $695,000 after purchasing an additional 340 shares during the last quarter. Brasada Capital Management LP lifted its stake in SBA Communications by 2.1% in the third quarter. Brasada Capital Management LP now owns 17,572 shares of the technology company’s stock valued at $2,823,000 after purchasing an additional 357 shares during the last quarter. Finally, TD Asset Management Inc. lifted its stake in SBA Communications by 0.4% in the second quarter. TD Asset Management Inc. now owns 100,820 shares of the technology company’s stock valued at $16,647,000 after purchasing an additional 391 shares during the last quarter. Institutional investors and hedge funds own 94.96% of the company’s stock.

Several research firms have recently issued reports on SBAC. Zacks Investment Research raised SBA Communications from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 25th. Macquarie reduced their target price on SBA Communications from $166.00 to $161.00 and set a “neutral” rating for the company in a report on Wednesday, August 29th. ValuEngine lowered SBA Communications from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd. BidaskClub raised SBA Communications from a “hold” rating to a “buy” rating in a report on Thursday, November 1st. Finally, Bank of America set a $189.00 target price on SBA Communications and gave the company a “buy” rating in a report on Thursday, November 15th. Four investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $181.58.

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SBA Communications Company Profile

SBA Communications Corporation is a first choice provider and leading owner and operator of wireless communications infrastructure in North, Central, and South America. By "Building Better Wireless," SBA generates revenue from two primary businesses – site leasing and site development services.

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Insider Buying and Selling by Quarter for SBA Communications (NASDAQ:SBAC)

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