Asset Administration One Co. Ltd. boosted its holdings in shares of SBA Communications Co. (NASDAQ:SBAC – Free Report) by 4.6% within the third quarter, Holdings Channel.com reviews. The agency owned 41,244 shares of the expertise firm’s inventory after buying an extra 1,806 shares in the course of the quarter. Asset Administration One Co. Ltd.’s holdings in SBA Communications have been value $9,927,000 as of its most up-to-date submitting with the Securities & Alternate Fee.
A number of different hedge funds have additionally just lately added to or diminished their stakes in SBAC. Ridgewood Investments LLC purchased a brand new place in shares of SBA Communications in the course of the 2nd quarter value roughly $32,000. Household Agency Inc. acquired a brand new stake in shares of SBA Communications within the 2nd quarter valued at $36,000. Friedenthal Monetary acquired a brand new stake in shares of SBA Communications within the third quarter valued at $50,000. Farther Finance Advisors LLC grew its stake in shares of SBA Communications by 32.5% in the course of the third quarter. Farther Finance Advisors LLC now owns 216 shares of the expertise firm’s inventory value $52,000 after buying an extra 53 shares in the course of the interval. Lastly, Jap Financial institution acquired a brand new place in SBA Communications within the third quarter valued at about $58,000. Institutional buyers personal 97.35% of the corporate’s inventory.
Analyst Upgrades and Downgrades
Plenty of brokerages have just lately commented on SBAC. Deutsche Financial institution Aktiengesellschaft boosted their worth goal on SBA Communications from $230.00 to $240.00 and gave the corporate a “purchase” ranking in a report on Wednesday, August 14th. BMO Capital Markets upped their goal worth on SBA Communications from $255.00 to $260.00 and gave the inventory an “outperform” ranking in a report on Tuesday, October twenty ninth. StockNews.com upgraded SBA Communications from a “maintain” ranking to a “purchase” ranking in a analysis be aware on Thursday. TD Cowen upped their goal worth on SBA Communications from $251.00 to $261.00 and gave the corporate a “purchase” ranking in a analysis report on Tuesday, October twenty ninth. Lastly, The Goldman Sachs Group elevated their worth goal on SBA Communications from $212.00 to $240.00 and gave the inventory a “impartial” ranking in a analysis report on Thursday, September twenty sixth. Three analysts have rated the inventory with a maintain ranking, ten have given a purchase ranking and one has given a robust purchase ranking to the corporate. Based mostly on knowledge from MarketBeat.com, the corporate has a median ranking of “Reasonable Purchase” and a median worth goal of $257.23.
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SBA Communications Inventory Efficiency
Shares of SBAC opened at $221.58 on Friday. The inventory has a market capitalization of $23.81 billion, a price-to-earnings ratio of 34.95, a PEG ratio of 0.68 and a beta of 0.68. SBA Communications Co. has a 52 week low of $183.64 and a 52 week excessive of $258.76. The inventory has a fifty day transferring common of $237.80 and a 200-day transferring common of $215.20.
SBA Communications (NASDAQ:SBAC – Get Free Report) final introduced its earnings outcomes on Monday, October twenty eighth. The expertise firm reported $2.40 earnings per share (EPS) for the quarter, lacking the consensus estimate of $3.17 by ($0.77). The corporate had income of $667.60 million for the quarter, in comparison with the consensus estimate of $669.29 million. SBA Communications had a destructive return on fairness of 13.13% and a internet margin of 25.76%. The agency’s income for the quarter was down 2.2% on a year-over-year foundation. Throughout the identical interval within the prior yr, the enterprise earned $3.34 earnings per share. As a bunch, equities analysts forecast that SBA Communications Co. will submit 12.56 EPS for the present yr.
SBA Communications Dividend Announcement
The enterprise additionally just lately introduced a quarterly dividend, which can be paid on Thursday, December twelfth. Buyers of document on Thursday, November 14th can be given a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a yield of 1.77%. The ex-dividend date of this dividend is Thursday, November 14th. SBA Communications’s dividend payout ratio is presently 61.83%.
Insiders Place Their Bets
In different SBA Communications information, EVP Donald Day offered 1,500 shares of the inventory in a transaction dated Friday, September thirteenth. The inventory was offered at a median worth of $242.86, for a complete transaction of $364,290.00. Following the completion of the sale, the chief vice chairman now straight owns 4,998 shares within the firm, valued at roughly $1,213,814.28. This commerce represents a 0.00 % lower of their place. The sale was disclosed in a authorized submitting with the SEC, which is accessible by this hyperlink. In different information, EVP Donald Day offered 1,500 shares of the agency’s inventory in a transaction dated Friday, September thirteenth. The inventory was offered at a median worth of $242.86, for a complete worth of $364,290.00. Following the completion of the sale, the chief vice chairman now straight owns 4,998 shares within the firm, valued at $1,213,814.28. This commerce represents a 0.00 % lower of their place. The sale was disclosed in a submitting with the SEC, which is on the market at this hyperlink. Additionally, Director George R. Krouse, Jr. offered 325 shares of the agency’s inventory in a transaction dated Wednesday, August twenty first. The shares have been offered at a median worth of $219.58, for a complete worth of $71,363.50. Following the completion of the sale, the director now owns 8,084 shares of the corporate’s inventory, valued at roughly $1,775,084.72. This represents a 0.00 % lower of their possession of the inventory. The disclosure for this sale might be discovered right here. Firm insiders personal 1.30% of the corporate’s inventory.
SBA Communications Profile
SBA Communications Company is a number one impartial proprietor and operator of wi-fi communications infrastructure together with towers, buildings, rooftops, distributed antenna techniques (DAS) and small cells. With a portfolio of greater than 39,000 communications websites all through the Americas, Africa and in Asia, SBA is listed on NASDAQ below the image SBAC.
See Additionally
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