SBA Communications Corporation (NASDAQ:SBAC) has displayed a healthy mix of ups and downs in recent months. On one hand,
several key institutions like
CreativeOne Wealth LLC,
UBS Group AG,
Cornerstone Advisors LLC, and
Teacher Retirement System of Texas decided to reduce their shareholding. However, firms like
Wells Fargo & Company MN,
Clearbridge Investments LLC and
First Trust Direct Indexing L.P. significantly increased their holdings, suggesting a general trend of insight-driven adjustments in their portfolio. The stock, despite underperforming compared to competitors on select days, managed to soar 16.7% quarter-to-date and received a consensus
'Buy' recommendation from analysts.
Q4 2023 and
Q1 2024 earnings were released with a 2024 Outlook, matching the general expectation.
SBA Communications seems to be navigating a few challenges, including currency discrepancies. Despite missing earnings estimates for Q1, the dividend was boosted, and first solar secured position #52 from SBAC. The retirement announcement from EVP Jason Silberstein was noteworthy. Notwithstanding these developments, SBA did receive a mellowed target price from Barclays and was offered an outlook below the analyst's consensus, indicating room for improvement.
Sba Communications Corp SBAC News Analytics from Thu, 13 May 2021 07:00:00 GMT to Sun, 26 May 2024 16:41:42 GMT -
Rating 5
- Innovation 3
- Information 7
- Rumor -5
