Campbell & CO Investment Adviser LLC Trims Stake in SBA Communications Corporation $SBAC

Key Points

• Campbell & CO Investment Adviser LLC reduced its stake in SBA Communications by 14.3%, selling 1,235 shares and now holding a total of 7,412 shares valued at approximately $1.63 million.
• Institutional investors own **97.35%** of SBA Communications, with notable increases from firms like Vanguard Group, which raised its position by 1.5%, and JPMorgan Chase & Co., which increased its holdings by 40.3%.
• Recent analyst ratings show a consensus of **"Moderate Buy"** for SBA Communications, with an average target price of **$258.25**, following several price target increases from major firms like Wells Fargo and Morgan Stanley.

Campbell & CO Investment Adviser LLC lowered its position in shares of SBA Communications Corporation (NASDAQ:SBAC - Free Report) by 14.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,412 shares of the technology company's stock after selling 1,235 shares during the period. Campbell & CO Investment Adviser LLC's holdings in SBA Communications were worth $1,631,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its stake in SBA Communications by 22.0% during the first quarter. Farther Finance Advisors LLC now owns 250 shares of the technology company's stock worth $55,000 after purchasing an additional 45 shares during the last quarter. Central Pacific Bank Trust Division lifted its stake in SBA Communications by 2.3% during the first quarter. Central Pacific Bank Trust Division now owns 2,250 shares of the technology company's stock worth $495,000 after purchasing an additional 50 shares during the last quarter. DoubleLine ETF Adviser LP lifted its stake in SBA Communications by 0.7% during the fourth quarter. DoubleLine ETF Adviser LP now owns 7,738 shares of the technology company's stock worth $1,577,000 after purchasing an additional 57 shares during the last quarter. Oakworth Capital Inc. lifted its stake in SBA Communications by 25.8% during the first quarter. Oakworth Capital Inc. now owns 293 shares of the technology company's stock worth $64,000 after purchasing an additional 60 shares during the last quarter. Finally, Clear Creek Financial Management LLC lifted its stake in shares of SBA Communications by 6.0% in the 1st quarter. Clear Creek Financial Management LLC now owns 1,100 shares of the technology company's stock valued at $242,000 after acquiring an additional 62 shares during the last quarter. Institutional investors own 97.35% of the company's stock.

SBA Communications Price Performance

SBAC traded down $1.19 during midday trading on Friday, reaching $204.85. 1,350,775 shares of the company's stock traded hands, compared to its average volume of 956,245. The firm has a fifty day moving average of $227.15 and a two-hundred day moving average of $225.13. The stock has a market capitalization of $22.00 billion, a price-to-earnings ratio of 26.03, a P/E/G ratio of 1.94 and a beta of 0.80. SBA Communications Corporation has a 52 week low of $192.55 and a 52 week high of $252.64.

SBA Communications (NASDAQ:SBAC - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The technology company reported $3.17 EPS for the quarter, beating analysts' consensus estimates of $3.10 by $0.07. The business had revenue of $698.98 million during the quarter, compared to analyst estimates of $670.73 million. SBA Communications had a negative return on equity of 16.83% and a net margin of 31.19%.SBA Communications's quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.29 EPS. SBA Communications has set its FY 2025 guidance at EPS. Sell-side analysts forecast that SBA Communications Corporation will post 12.57 EPS for the current year.

SBA Communications Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, August 21st will be issued a dividend of $1.11 per share. The ex-dividend date is Thursday, August 21st. This represents a $4.44 dividend on an annualized basis and a dividend yield of 2.2%. SBA Communications's dividend payout ratio is 56.42%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on SBAC shares. Citigroup reissued an "outperform" rating on shares of SBA Communications in a research note on Tuesday, August 5th. JMP Securities set a $280.00 target price on SBA Communications and gave the company a "market outperform" rating in a research note on Tuesday, August 5th. Bank of America lowered SBA Communications from a "buy" rating to a "neutral" rating and lowered their target price for the company from $260.00 to $230.00 in a research note on Wednesday. Barclays boosted their target price on SBA Communications from $247.00 to $257.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. Finally, Raymond James Financial set a $265.00 target price on SBA Communications and gave the company a "strong-buy" rating in a research note on Tuesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $256.38.

SBA Communications Company Profile

SBA Communications Corporation is a leading independent owner and operator of wireless communications infrastructure including towers, buildings, rooftops, distributed antenna systems (DAS) and small cells. With a portfolio of more than 39,000 communications sites throughout the Americas, Africa and in Asia, SBA is listed on NASDAQ under the symbol SBAC.