9,373 Shares in SBA Communications Corporation $SBAC Purchased by Magnolia Group LLC

Magnolia Group LLC purchased a new stake in SBA Communications Corporation (NASDAQ:SBAC) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 9,373 shares of the technology company’s stock, valued at approximately $1,501,000. SBA Communications makes up about 0.5% of Magnolia Group LLC’s portfolio, making the stock its 20th biggest position.

Other large investors have also recently bought and sold shares of the company. AlphaCore Capital LLC acquired a new position in shares of SBA Communications in the third quarter worth $304,000. Fulcrum Asset Management LLP boosted its position in SBA Communications by 296.7% during the third quarter. Fulcrum Asset Management LLP now owns 714 shares of the technology company’s stock valued at $116,000 after purchasing an additional 534 shares during the last quarter. Brighton Jones LLC boosted its position in SBA Communications by 120.0% during the third quarter. Brighton Jones LLC now owns 3,119 shares of the technology company’s stock valued at $499,000 after purchasing an additional 1,701 shares during the last quarter. Parallel Advisors LLC boosted its position in SBA Communications by 12.8% during the third quarter. Parallel Advisors LLC now owns 808 shares of the technology company’s stock valued at $129,000 after purchasing an additional 92 shares during the last quarter. Finally, Alps Advisors Inc. grew its stake in SBA Communications by 5.7% in the third quarter. Alps Advisors Inc. now owns 7,851 shares of the technology company’s stock valued at $1,257,000 after purchasing an additional 420 shares in the last quarter. 97.35% of the stock is owned by institutional investors and hedge funds.

SBA Communications Stock Down 0.7%

SBAC opened at $190.03 on Thursday. The firm has a market capitalization of $20.16 billion, a P/E ratio of 20.50, a price-to-earnings-growth ratio of 1.91 and a beta of 0.97. The stock’s 50 day moving average price is $179.85 and its two-hundred day moving average price is $190.06. SBA Communications Corporation has a 12-month low of $156.60 and a 12-month high of $224.46.

SBA Communications (NASDAQ:SBAC) last issued its quarterly earnings results on Monday, November 2nd. The technology company reported $2.19 EPS for the quarter, topping analysts’ consensus estimates of $2.09 by $0.10. SBA Communications had a negative return on equity of 20.67% and a net margin of 34.54%. The company had revenue of $713.92 million during the quarter, compared to analyst estimates of $724.07 million. During the same period in the previous year, the company earned $3.30 earnings per share. The company’s quarterly revenue was down 2.5% compared to the same quarter last year. As a group, analysts anticipate that SBA Communications Corporation will post 11.46 earnings per share for the current year.

SBA Communications Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Thursday, November 12th will be paid a dividend of $1.25 per share. The ex-dividend date is Thursday, November 12th. This represents a $5.00 dividend on an annualized basis and a yield of 2.6%. SBA Communications’s dividend payout ratio (DPR) is currently 53.94%.

SBA Communications News Roundup

These are some of the SBAC news items that stood out recently:

• Positive Sentiment: KeyCorp projects 2026 earnings of $11.50 per share, slightly above the $11.45 consensus estimate. SBA Communications estimates
• Neutral Sentiment: KeyCorp estimates fourth-quarter 2026 EPS of $2.81 and quarterly 2027 EPS of $2.72 to $2.89. These are analyst forecasts, not reported results. SBA Communications estimates
• Neutral Sentiment: A short-interest report says the total was zero shares as of November 10, despite describing it as a large increase; the figures provide no clear evidence of meaningful short-selling pressure. SBA Communications short interest

Insider Activity at SBA Communications

In other news, Director George R. Krouse, Jr. sold 300 shares of the business’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $182.67, for a total value of $54,801.00. Following the sale, the director owned 8,512 shares in the company, valued at approximately $1,554,887.04. The trade was a 3.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 9.50% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

SBAC has been the subject of several research reports. Barclays reduced their price target on SBA Communications from $208.00 to $207.00 and set an “overweight” rating for the company in a report on Wednesday, September 30th. Jefferies Financial Group upgraded SBA Communications to a “hold” rating in a report on Thursday, October 15th. Raymond James Financial reiterated an “outperform” rating and issued a $271.00 target price on shares of SBA Communications in a research note on Monday, October 5th. Weiss Ratings upgraded shares of SBA Communications from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 15th. Finally, Citigroup reissued a “market outperform” rating on shares of SBA Communications in a research report on Tuesday, November 3rd. Nine investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, SBA Communications currently has an average rating of “Moderate Buy” and a consensus price target of $224.64.

SBA Communications Company Profile

SBA Communications is a real estate investment trust that owns and operates wireless communications infrastructure. Its primary business is leasing space on its communications towers and other sites to wireless carriers and other customers that need to install network equipment. The company also provides site development services, including helping customers identify, acquire, construct and manage locations for wireless infrastructure. Founded in 1989, SBA serves customers in the United States and several international markets, including countries in Central and South America and Africa.