Swiss National Bank decreased its position in SBA Communications Co. (NASDAQ:SBAC) by 4.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 367,651 shares of the technology company’s stock after selling 17,500 shares during the period. Swiss National Bank owned 0.32% of SBA Communications worth $59,056,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of SBAC. BlackRock Inc. raised its position in SBA Communications by 19.7% in the 2nd quarter. BlackRock Inc. now owns 9,531,887 shares of the technology company’s stock worth $1,573,907,000 after purchasing an additional 1,565,872 shares during the period. Brown Advisory Inc. raised its position in SBA Communications by 5.4% in the 2nd quarter. Brown Advisory Inc. now owns 3,074,276 shares of the technology company’s stock worth $507,625,000 after purchasing an additional 158,742 shares during the period. Dimensional Fund Advisors LP raised its position in SBA Communications by 1.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,719,077 shares of the technology company’s stock worth $283,854,000 after purchasing an additional 24,178 shares during the period. Canada Pension Plan Investment Board raised its position in SBA Communications by 33.6% in the 2nd quarter. Canada Pension Plan Investment Board now owns 1,716,621 shares of the technology company’s stock worth $283,448,000 after purchasing an additional 431,539 shares during the period. Finally, Renaissance Technologies LLC raised its position in SBA Communications by 1.8% in the 2nd quarter. Renaissance Technologies LLC now owns 1,171,849 shares of the technology company’s stock worth $193,496,000 after purchasing an additional 20,449 shares during the period. Hedge funds and other institutional investors own 94.96% of the company’s stock.

In other SBA Communications news, CEO Jeffrey Stoops sold 40,000 shares of the company’s stock in a transaction that occurred on Thursday, August 23rd. The shares were sold at an average price of $154.16, for a total transaction of $6,166,400.00. Following the completion of the sale, the chief executive officer now directly owns 268,756 shares of the company’s stock, valued at $41,431,424.96. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 transaction of $13,781,732.76. Following the sale, the vice president now directly owns 133,652 shares of the company’s stock, valued at $23,050,960.44. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 556,474 shares of company stock valued at $94,383,455. 2.70% of the stock is owned by corporate insiders.

A number of equities analysts have issued reports on SBAC shares. BidaskClub upgraded shares of SBA Communications from a “buy” rating to a “strong-buy” rating in a research report on Thursday, November 15th. Zacks Investment Research upgraded shares of SBA Communications from a “hold” rating to a “buy” rating and set a $192.00 price objective on the stock in a research report on Thursday, November 15th. Bank of America set a $189.00 price objective on shares of SBA Communications and gave the company a “buy” rating in a research report on Thursday, November 15th. Citigroup boosted their price target on shares of SBA Communications from $187.00 to $192.00 and gave the company a “buy” rating in a research report on Tuesday, November 6th. Finally, ValuEngine cut shares of SBA Communications from a “buy” rating to a “hold” rating in a research report on Thursday, August 2nd. Four equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $181.58.

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

SBA Communications (NASDAQ:SBAC) last announced its earnings results on Monday, November 5th. The technology company reported $0.14 EPS for the quarter, missing the Zacks’ 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 business had revenue of $467.20 million for the quarter, compared to analysts’ expectations of $459.17 million. During the same period in the prior year, the company posted $1.75 earnings per share. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. On average, analysts expect that SBA Communications Co. will post 7.15 earnings per share for the current year.

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

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