SBA Communications Co. (NASDAQ:SBAC) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $185.93 and last traded at $185.50, with a volume of 1332658 shares changing hands. The stock had previously closed at $184.19.

SBAC has been the topic of a number of research reports. Zacks Investment Research raised shares of SBA Communications from a “hold” rating to a “buy” rating and set a $192.00 price target on the stock in a research note on Thursday, November 15th. ValuEngine lowered shares of SBA Communications from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. Citigroup upped their price target on shares of SBA Communications from $187.00 to $192.00 and gave the stock a “buy” rating in a research report on Tuesday, November 6th. BidaskClub downgraded shares of SBA Communications from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 28th. Finally, KeyCorp upped their price target on shares of SBA Communications from $176.00 to $195.00 and gave the company an “overweight” rating in a research note on Tuesday, February 12th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. SBA Communications has a consensus rating of “Buy” and an average price target of $182.00.

In related news, SVP Brian D. Lazarus sold 15,875 shares of the stock in a transaction dated Friday, December 14th. The stock was sold at an average price of $173.00, for a total transaction of $2,746,375.00. Following the completion of the sale, the senior vice president now owns 26,423 shares in the company, valued at $4,571,179. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kevin L. Beebe sold 10,000 shares of the stock in a transaction dated Thursday, December 13th. The stock was sold at an average price of $172.51, for a total value of $1,725,100.00. Following the sale, the director now owns 21,726 shares of the company’s stock, valued at approximately $3,747,952.26. The disclosure for this sale can be found here. Corporate insiders own 2.70% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SBAC. Legacy Financial Advisors Inc. bought a new stake in shares of SBA Communications during the 4th quarter worth approximately $25,000. Resources Investment Advisors Inc. bought a new stake in shares of SBA Communications during the 4th quarter worth approximately $28,000. CWM LLC lifted its stake in shares of SBA Communications by 49.2% during the 4th quarter. CWM LLC now owns 185 shares of the technology company’s stock worth $30,000 after acquiring an additional 61 shares during the last quarter. We Are One Seven LLC bought a new stake in SBA Communications during the 4th quarter valued at $34,000. Finally, Private Capital Group LLC raised its position in SBA Communications by 38.7% during the 4th quarter. Private Capital Group LLC now owns 226 shares of the technology company’s stock valued at $37,000 after purchasing an additional 63 shares in the last quarter. Institutional investors and hedge funds own 93.37% of the company’s stock.

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SBA Communications Company Profile (NASDAQ:SBAC)

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. The primary focus of the Company is the leasing of antenna space on its multi-tenant communication sites to a variety of wireless service providers under long-term lease contracts.

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