SBA Communications Corporation $SBAC Stock Purchased by Chicago Partners Investment Group LLC

08 Nov 2026, 08:51 by Michael Walen · The Markets Daily

Chicago Partners Investment Group LLC raised its position in SBA Communications Corporation (NASDAQ:SBAC – Free Report) by 147.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,193 shares of the technology company’s stock after purchasing an additional 6,077 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in SBA Communications were worth $1,883,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of SBAC. Arrowstreet Capital Limited Partnership raised its stake in shares of SBA Communications by 47.8% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,615,054 shares of the technology company’s stock worth $277,967,000 after purchasing an additional 522,442 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of SBA Communications by 3.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,612,785 shares of the technology company’s stock valued at $277,567,000 after buying an additional 46,620 shares in the last quarter. Diamond Hill Capital Management LLC Investment Advisor bought a new stake in shares of SBA Communications in the 2nd quarter valued at approximately $228,367,000. Bank of America Corp DE grew its stake in shares of SBA Communications by 41.7% in the 1st quarter. Bank of America Corp DE now owns 1,005,366 shares of the technology company’s stock valued at $173,033,000 after buying an additional 295,727 shares in the last quarter. Finally, Sei Investments Co. increased its holdings in SBA Communications by 7.1% in the first quarter. Sei Investments Co. now owns 672,105 shares of the technology company’s stock worth $115,673,000 after buying an additional 44,586 shares during the last quarter. 97.35% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director George R. Krouse, Jr. sold 300 shares of SBA Communications stock in a transaction that occurred 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 transaction, the director owned 8,512 shares of the company’s stock, valued at $1,554,887.04. This trade represents a 3.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 9.50% of the stock is currently owned by company insiders.

SBA Communications Stock Performance

Shares of NASDAQ SBAC opened at $189.42 on Friday. The firm has a market cap of $20.10 billion, a price-to-earnings ratio of 20.43, a P/E/G ratio of 1.90 and a beta of 0.97. The business’s 50-day simple moving average is $179.80 and its 200-day simple moving average is $190.00. SBA Communications Corporation has a 52 week low of $156.60 and a 52 week high of $224.46.

SBA Communications (NASDAQ:SBAC – Get Free Report) last issued its quarterly earnings data on Monday, November 2nd. The technology company reported $2.19 earnings per share for the quarter, beating 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 business had revenue of $713.92 million for the quarter, compared to the consensus estimate of $724.07 million. During the same period last year, the business earned $3.30 EPS. The firm’s revenue was down 2.5% compared to the same quarter last year. As a group, equities research analysts forecast that SBA Communications Corporation will post 11.45 earnings per share for the current year.

SBA Communications Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts recently weighed in on SBAC shares. Raymond James Financial reaffirmed an “outperform” rating and set a $271.00 price objective on shares of SBA Communications in a research report on Monday, October 5th. Jefferies Financial Group raised shares of SBA Communications to a “hold” rating in a research report on Thursday, October 15th. UBS Group downgraded shares of SBA Communications from a “market perform” rating to a “hold” rating in a report on Monday, August 24th. Weiss Ratings raised shares of SBA Communications from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 15th. Finally, TD Cowen lifted their price objective on shares of SBA Communications from $229.00 to $239.00 and gave the company a “buy” rating in a research note on Tuesday, November 3rd. Nine analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $224.64.

Get Our Latest Stock Analysis on SBAC

SBA Communications Company Profile