The Bristol John W & Co. Inc. NY and Vident Advisory unloaded 12,043 and 4,413 shares of SBA Communications Co., respectively. On the other hand, Squarepoint Ops LLC and Wellington Management Group LLP have extended their positions, with the latter holding $46.97 million worth of stock. Jefferies Financial Group Inc. sold 9,968 shares while Mufg Securities Americas Inc. invested $323,000 in the telecommunication services company.
SBA Communications has reportedly shown a downward trend by 3.1% post the last earnings report, however, it is set to surge in 2025. While Deutsche Bank has downgraded the company to \"Hold\" citing higher borrowing costs as an inhibiting factor, BofA analyst offers a 'Buy' rating.
The Q1 2025 earnings were released and the reported results indicate a strong start with net income increasing and a $1,500M Buyback Program. The Q4 2024 earnings highlight strong domestic growth. Nonetheless, the company reports mixed signals with strong Q1 2025 results but slight underperformance compared to NASDAQ. The stock is predicted to continue its ascending trend with evident stock appreciation and emphasis on international markets as a key growth driver.
Sba Communications Corp SBAC News Analytics from Mon, 28 Oct 2024 07:00:00 GMT to Sat, 31 May 2025 21:42:12 GMT - Rating 6 - Innovation 4 - Information 7 - Rumor 2
