CVA Family Office LLC Raises Holdings in SBA Communications Corporation $SBAC

CVA Family Office LLC grew its stake in shares of SBA Communications Corporation (NASDAQ:SBAC) by 106.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 130 shares of the technology company’s stock after acquiring an additional 67 shares during the quarter. CVA Family Office LLC’s holdings in SBA Communications were worth $31,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. NorthCrest Asset Manangement LLC lifted its stake in shares of SBA Communications by 3.0% during the second quarter. NorthCrest Asset Manangement LLC now owns 1,535 shares of the technology company’s stock worth $359,000 after buying an additional 44 shares during the period. Janney Montgomery Scott LLC grew its stake in SBA Communications by 0.8% during the 2nd quarter. Janney Montgomery Scott LLC now owns 6,130 shares of the technology company’s stock valued at $1,440,000 after purchasing an additional 46 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in shares of SBA Communications by 5.6% in the first quarter. Advisors Asset Management Inc. now owns 880 shares of the technology company’s stock valued at $194,000 after purchasing an additional 47 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of SBA Communications by 20.0% during the second quarter. Farther Finance Advisors LLC now owns 300 shares of the technology company’s stock worth $70,000 after purchasing an additional 50 shares during the period. Finally, Clear Creek Financial Management LLC boosted its position in SBA Communications by 6.0% in the first quarter. Clear Creek Financial Management LLC now owns 1,100 shares of the technology company’s stock valued at $242,000 after buying an additional 62 shares during the last quarter. Hedge funds and other institutional investors own 97.35% of the company’s stock.

Analyst Ratings Changes

SBAC has been the subject of several recent research reports. Raymond James Financial set a $265.00 target price on shares of SBA Communications and gave the stock a “strong-buy” rating in a report on Tuesday, August 5th. The Goldman Sachs Group cut their price target on SBA Communications from $250.00 to $220.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 1st. Barclays decreased their price objective on SBA Communications from $257.00 to $226.00 and set an “overweight” rating for the company in a report on Monday, September 15th. KeyCorp reduced their price target on SBA Communications from $280.00 to $235.00 and set an “overweight” rating for the company in a research report on Wednesday, September 17th. Finally, Morgan Stanley decreased their price target on SBA Communications from $260.00 to $220.00 and set an “equal weight” rating for the company in a report on Thursday, October 16th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $242.40.

SBA Communications Trading Up 1.3%

Shares of SBAC opened at $198.68 on Monday. The firm has a market cap of $21.33 billion, a P/E ratio of 25.25, a PEG ratio of 2.09 and a beta of 0.82. SBA Communications Corporation has a 12 month low of $185.45 and a 12 month high of $247.04. The stock’s 50 day moving average is $199.49 and its two-hundred day moving average is $219.13.

SBA Communications (NASDAQ:SBAC) last announced its earnings results on Monday, August 4th. The technology company reported $3.17 earnings per share for the quarter, topping the consensus estimate of $3.10 by $0.07. SBA Communications had a negative return on equity of 16.83% and a net margin of 31.19%.The business had revenue of $698.98 million during the quarter, compared to the consensus estimate of $670.73 million. During the same period in the prior year, the company posted $3.29 EPS. The business’s quarterly revenue was up 5.8% on a year-over-year basis. SBA Communications has set its FY 2025 guidance at EPS. Equities research analysts forecast that SBA Communications Corporation will post 12.57 EPS for the current year.

SBA Communications Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, August 21st were given a $1.11 dividend. The ex-dividend date was Thursday, August 21st. This represents a $4.44 annualized dividend and a dividend yield of 2.2%. SBA Communications’s dividend payout ratio (DPR) is 56.42%.

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.