Brown Advisory Inc. Decreases Stake in SBA Communications Co. (SBAC)

Brown Advisory Inc. cut its holdings in SBA Communications Co. (NASDAQ:SBAC) by 4.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,726,629 shares of the technology company’s stock after selling 119,660 shares during the period. SBA Communications comprises approximately 1.4% of Brown Advisory Inc.’s holdings, making the stock its 15th biggest position. Brown Advisory Inc.’s holdings in SBA Communications were worth $445,423,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Toronto Dominion Bank boosted its stake in SBA Communications by 9.5% during the 2nd quarter. Toronto Dominion Bank now owns 1,487 shares of the technology company’s stock valued at $201,000 after purchasing an additional 129 shares during the period. State Treasurer State of Michigan acquired a new position in SBA Communications during the 3rd quarter valued at about $5,258,000. Oakbrook Investments LLC acquired a new position in SBA Communications during the 3rd quarter valued at about $828,000. GSA Capital Partners LLP boosted its stake in SBA Communications by 198.3% during the 3rd quarter. GSA Capital Partners LLP now owns 5,530 shares of the technology company’s stock valued at $797,000 after purchasing an additional 3,676 shares during the period. Finally, New York State Teachers Retirement System boosted its stake in SBA Communications by 26,162.1% during the 3rd quarter. New York State Teachers Retirement System now owns 183,835 shares of the technology company’s stock valued at $26,481,000 after purchasing an additional 183,135 shares during the period. 95.59% of the stock is owned by hedge funds and other institutional investors.

A number of 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 research note on Friday, February 9th. BidaskClub raised shares of SBA Communications from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd. Barclays reissued a “buy” rating and set a $178.00 target price on shares of SBA Communications in a research note on Friday, January 19th. Guggenheim set a $172.00 target price on shares of SBA Communications and gave the company a “buy” rating in a research note on Wednesday, January 17th. Finally, Cowen reissued a “buy” rating and set a $170.00 target price (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 given a hold rating and ten have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $165.07.

Shares of SBA Communications Co. (NASDAQ:SBAC) opened at $169.72 on Wednesday. SBA Communications Co. has a 52-week low of $108.07 and a 52-week high of $177.67. The company has a market cap of $19,880.00, a PE ratio of 202.05 and a beta of 0.85. The company has a debt-to-equity ratio of -3.63, a quick ratio of 0.32 and a current ratio of 0.32.

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About SBA Communications

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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