GSA Capital Partners LLP increased its stake in shares of SBA Communications Co. (NASDAQ:SBAC) by 198.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,530 shares of the technology company’s stock after acquiring an additional 3,676 shares during the quarter. GSA Capital Partners LLP’s holdings in SBA Communications were worth $797,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in SBAC. PointState Capital LP acquired a new stake in SBA Communications during the 2nd quarter worth $149,091,000. Voya Investment Management LLC increased its stake in SBA Communications by 1,343.6% in the second quarter. Voya Investment Management LLC now owns 657,010 shares of the technology company’s stock valued at $88,631,000 after purchasing an additional 611,497 shares during the period. Dimensional Fund Advisors LP increased its stake in SBA Communications by 279.9% in the second quarter. Dimensional Fund Advisors LP now owns 686,142 shares of the technology company’s stock valued at $92,560,000 after purchasing an additional 505,530 shares during the period. Ameriprise Financial Inc. increased its stake in SBA Communications by 88.9% in the third quarter. Ameriprise Financial Inc. now owns 1,070,110 shares of the technology company’s stock valued at $154,151,000 after purchasing an additional 503,526 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in SBA Communications by 79.2% in the third quarter. JPMorgan Chase & Co. now owns 938,873 shares of the technology company’s stock valued at $134,971,000 after purchasing an additional 415,078 shares during the period. Hedge funds and other institutional investors own 96.00% of the company’s stock.

In related news, Director George R. Krouse, Jr. sold 1,999 shares of the business’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $169.51, for a total transaction of $338,850.49. Following the sale, the director now owns 11,999 shares of the company’s stock, valued at $2,033,950.49. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.40% of the stock is currently owned by insiders.

A number of research analysts have commented on the stock. Royal Bank of Canada restated a “buy” rating and issued a $200.00 price objective on shares of SBA Communications in a research note on Thursday, November 30th. KeyCorp restated an “overweight” rating and issued a $192.00 price objective (up from $179.00) on shares of SBA Communications in a research note on Monday, November 27th. BidaskClub lowered shares of SBA Communications from a “hold” rating to a “sell” rating in a research note on Friday, December 15th. Morgan Stanley boosted their price target on shares of SBA Communications from $169.00 to $190.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 14th. Finally, Cowen reiterated a “buy” rating and set a $170.00 price target (up from $155.00) on shares of SBA Communications in a research note on Tuesday, December 5th. One analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company. SBA Communications has an average rating of “Buy” and a consensus target price of $160.43.

Shares of SBA Communications Co. (NASDAQ SBAC) opened at $161.26 on Thursday. The company has a market cap of $18,830.00, a PE ratio of 191.98 and a beta of 0.77. SBA Communications Co. has a fifty-two week low of $102.06 and a fifty-two week high of $173.97. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of -3.63.

SBA Communications (NASDAQ:SBAC) last released its quarterly earnings data on Monday, October 30th. The technology company reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $1.50. The firm had revenue of $433.90 million for the quarter, compared to the consensus estimate of $431.42 million. SBA Communications had a net margin of 5.95% and a negative return on equity of 4.71%. The firm’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.12) earnings per share. analysts forecast that SBA Communications Co. will post 0.97 EPS for the current year.

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SBA Communications 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.

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

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