The Public Sector Pension Investment Board and AQR Capital Management LLC have taken notable positions in SBA Communications Co. (SBAC). This has given SBAC a significant boost in the market, with the stock rising by 22% in the past three months. However, the stock's performance has been inconsistent with underperformance compared to its competitors on certain days. Market volatily has led SBA Communications to pull its loan repricing. SBA Communications exceeded Q1 2024 earnings estimates and boosted its dividend, yet it also faced revenue headwinds in the same quarter.
The Goldman Sachs Group recently raised their price target on SBAC to $240.00. Companies such as APG Asset Management N.V. and Diamond Hill Capital Management Inc. have grown their investment positions in SBAC. Meanwhile, certain firms such as Ensign Peak Advisors Inc and Intech Investment Management LLC have shed a portion of their SBAC shares. Amid these transactions, the SBAC EVP sold $364k in stock and bought $235k worth.
Sba Communications Corp SBAC News Analytics from Mon, 15 Dec 2014 08:00:00 GMT to Sun, 29 Sep 2024 08:42:29 GMT - Rating 5 - Innovation 3 - Information 6 - Rumor 1
