Magnolia Group LLC Purchases 9,373 Shares of SBA Communications Corporation $SBAC

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

Several other hedge funds have also added to or reduced their stakes in SBAC. AlphaCore Capital LLC acquired a new stake in SBA Communications in the third quarter worth about $304,000. Fulcrum Asset Management LLP lifted its position in SBA Communications by 296.7% during the 3rd 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 period. Brighton Jones LLC lifted its position in SBA Communications by 120.0% during the 3rd 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 period. Parallel Advisors LLC lifted its position in SBA Communications by 12.8% during the 3rd 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 period. Finally, Alps Advisors Inc. boosted its stake in shares of SBA Communications by 5.7% in the 3rd 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 during the last quarter. Institutional investors own 97.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SBAC. TD Cowen lifted their price target on shares of SBA Communications from $229.00 to $239.00 and gave the stock a “buy” rating in a research report on Tuesday, November 3rd. Wells Fargo & Company set a $200.00 price objective on shares of SBA Communications in a research note on Tuesday, November 3rd. Morgan Stanley reduced their price objective on shares of SBA Communications from $215.00 to $205.00 and set an “equal weight” rating on the stock in a research note on Monday, September 21st. Wolfe Research raised shares of SBA Communications from a “hold” rating to an “outperform” rating in a report on Tuesday, August 4th. Finally, UBS Group cut shares of SBA Communications from a “market perform” rating to a “hold” rating in a research report on Monday, August 24th. Nine research 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, the company currently has an average rating of “Moderate Buy” and a consensus target price of $224.64.

Insider Activity

In related news, Director George R. Krouse, Jr. sold 300 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $182.67, for a total value of $54,801.00. Following the completion of the transaction, the director directly 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 can be accessed through this hyperlink. 9.50% of the stock is owned by company insiders.

Key SBA Communications News

Investors following SBAC have been watching these news items:

• Positive Sentiment: KeyCorp projects 2026 earnings of $11.50 per share, slightly above the $11.45 consensus estimate. 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
• Negative Sentiment: KeyCorp’s 2027 full-year EPS estimate of $11.25 is below its $11.50 forecast for 2026, suggesting slightly lower earnings in the following year. SBA Communications estimates

SBA Communications Stock Performance

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

SBA Communications (NASDAQ:SBAC) last announced its quarterly earnings results on Monday, November 2nd. The technology company reported $2.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.09 by $0.10. SBA Communications had a net margin of 34.54% and a negative return on equity of 20.67%. The company had revenue of $713.92 million during the quarter, compared to analyst estimates of $724.07 million. During the same quarter in the previous year, the business earned $3.30 EPS. The firm’s revenue was down 2.5% on a year-over-year basis. Equities analysts forecast that SBA Communications Corporation will post 11.46 EPS for the current fiscal 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 issued a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Thursday, November 12th. SBA Communications’s dividend payout ratio is 53.94%.

About SBA Communications

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.