Public Employees Retirement Association of Colorado boosted its holdings in SBA Communications Co. (NASDAQ:SBAC) by 3.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,594 shares of the technology company’s stock after buying an additional 765 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in SBA Communications were worth $3,854,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of SBAC. GSA Capital Partners LLP bought a new position in SBA Communications in the 2nd quarter valued at approximately $250,000. Advisor Group Inc. raised its holdings in SBA Communications by 9.7% during the 2nd quarter. Advisor Group Inc. now owns 1,286 shares of the technology company’s stock worth $172,000 after purchasing an additional 114 shares during the last quarter. HighTower Advisors LLC raised its holdings in SBA Communications by 11.9% during the 2nd quarter. HighTower Advisors LLC now owns 4,595 shares of the technology company’s stock worth $621,000 after purchasing an additional 488 shares during the last quarter. Janus Henderson Group PLC raised its holdings in SBA Communications by 109.7% during the 2nd quarter. Janus Henderson Group PLC now owns 34,168 shares of the technology company’s stock worth $4,609,000 after purchasing an additional 17,871 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. bought a new position in SBA Communications during the 2nd quarter worth approximately $3,697,000. Institutional investors and hedge funds own 95.87% of the company’s stock.

Several research analysts have issued reports on the stock. Zacks Investment Research lowered shares of SBA Communications from a “hold” rating to a “sell” rating in a report on Friday. BidaskClub upgraded shares of SBA Communications from a “sell” rating to a “hold” rating in a report on Friday, February 2nd. Barclays restated a “buy” rating and set a $178.00 price target on shares of SBA Communications in a report on Friday, January 19th. KeyCorp restated an “overweight” rating and set a $192.00 price target (up previously from $179.00) on shares of SBA Communications in a report on Monday, November 27th. Finally, Cowen restated a “buy” rating and set a $147.00 price target on shares of SBA Communications in a report on Tuesday, October 17th. 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’s stock. SBA Communications currently has a consensus rating of “Buy” and a consensus target price of $165.07.

Shares of SBA Communications Co. (NASDAQ SBAC) opened at $159.73 on Monday. The firm has a market cap of $18,774.98, a price-to-earnings ratio of 190.15 and a beta of 0.85. The company has a debt-to-equity ratio of -3.63, a current ratio of 0.32 and a quick ratio of 0.32. SBA Communications Co. has a one year low of $105.74 and a one year high of $177.67.

COPYRIGHT VIOLATION NOTICE: “Public Employees Retirement Association of Colorado Raises Position in SBA Communications Co. (SBAC)” was originally published by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are reading this story on another website, it was illegally stolen and reposted in violation of United States and international copyright law. The correct version of this story can be accessed at https://theolympiareport.com/2018/02/12/public-employees-retirement-association-of-colorado-raises-position-in-sba-communications-co-sbac.html.

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.

Want to see what other hedge funds are holding SBAC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SBA Communications Co. (NASDAQ:SBAC).

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

Receive News & Ratings for SBA Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SBA Communications and related companies with MarketBeat.com's FREE daily email newsletter.