Verition Fund Management LLC Has $1,177,000 Stake in SBA Communications Corporation (SBAC), Report finds

Verition Fund Management LLC Has $1,177,000 Stake in SBA Communications Corporation (SBAC), Report finds

Verition Fund Management LLC increased its position in SBA Communications Corporation (NASDAQ:SBAC) by 133.1% during the third quarter, Holdings Channel reports. The firm owned 10,498 shares of the company’s stock after buying an additional 5,995 shares during the period. Verition Fund Management LLC’s holdings in SBA Communications Corporation were worth $1,177,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in SBAC. Acrospire Investment Management LLC raised its position in SBA Communications Corporation by 12.5% in the third quarter. Acrospire Investment Management LLC now owns 900 shares of the company’s stock valued at $101,000 after buying an additional 100 shares in the last quarter. MSI Financial Services Inc raised its position in SBA Communications Corporation by 0.7% in the third quarter. MSI Financial Services Inc now owns 920 shares of the company’s stock valued at $103,000 after buying an additional 6 shares in the last quarter. Toronto Dominion Bank raised its position in SBA Communications Corporation by 57.2% in the third quarter. Toronto Dominion Bank now owns 1,083 shares of the company’s stock valued at $121,000 after buying an additional 394 shares in the last quarter. Integrated Investment Consultants LLC raised its position in SBA Communications Corporation by 1.3% in the third quarter. Integrated Investment Consultants LLC now owns 1,675 shares of the company’s stock valued at $186,000 after buying an additional 21 shares in the last quarter. Finally, Great Lakes Advisors LLC acquired a new position in SBA Communications Corporation during the third quarter valued at $201,000. 95.23% of the stock is owned by institutional investors and hedge funds.

SBA Communications Corporation (NASDAQ:SBAC) traded up 1.98% during trading on Wednesday, hitting $106.86. The stock had a trading volume of 1,117,711 shares. SBA Communications Corporation has a 1-year low of $82.80 and a 1-year high of $118.57. The firm has a market capitalization of $13.26 billion, a PE ratio of 132.42 and a beta of 0.72. The firm has a 50 day moving average price of $104.71 and a 200-day moving average price of $108.05.

A number of analysts have recently commented on SBAC shares. Zacks Investment Research lowered SBA Communications Corporation from a “hold” rating to a “strong sell” rating in a report on Thursday, January 5th. Guggenheim started coverage on SBA Communications Corporation in a report on Thursday, December 15th. They issued a “neutral” rating on the stock. Citigroup Inc. lowered SBA Communications Corporation from a “buy” rating to a “neutral” rating in a report on Wednesday, January 25th. BTIG Research restated a “buy” rating and issued a $145.00 price target on shares of SBA Communications Corporation in a report on Wednesday, December 21st. Finally, Macquarie started coverage on SBA Communications Corporation in a report on Tuesday, December 6th. They issued a “neutral” rating and a $107.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $122.77.

SBA Communications Corporation Company Profile

SBA Communications Corporation is an independent owner and operator of wireless communications tower structures, rooftops and other structures that support antennas used for wireless communications. The Company’s operating segments include site leasing and site development. The site leasing business includes segments, domestic site leasing and international site leasing.

Want to see what other hedge funds are holding SBAC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SBA Communications Corporation (NASDAQ:SBAC).

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Verition Fund Management LLC Has $1,177,000 Stake in SBA Communications Corporation (SBAC)

Verition Fund Management LLC Has $1,177,000 Stake in SBA Communications Corporation (SBAC)

Verition Fund Management LLC increased its position in SBA Communications Corporation (NASDAQ:SBAC) by 133.1% during the third quarter, Holdings Channel reports. The firm owned 10,498 shares of the company’s stock after buying an additional 5,995 shares during the period. Verition Fund Management LLC’s holdings in SBA Communications Corporation were worth $1,177,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in SBAC. Acrospire Investment Management LLC raised its position in SBA Communications Corporation by 12.5% in the third quarter. Acrospire Investment Management LLC now owns 900 shares of the company’s stock valued at $101,000 after buying an additional 100 shares in the last quarter. MSI Financial Services Inc raised its position in SBA Communications Corporation by 0.7% in the third quarter. MSI Financial Services Inc now owns 920 shares of the company’s stock valued at $103,000 after buying an additional 6 shares in the last quarter. Toronto Dominion Bank raised its position in SBA Communications Corporation by 57.2% in the third quarter. Toronto Dominion Bank now owns 1,083 shares of the company’s stock valued at $121,000 after buying an additional 394 shares in the last quarter. Integrated Investment Consultants LLC raised its position in SBA Communications Corporation by 1.3% in the third quarter. Integrated Investment Consultants LLC now owns 1,675 shares of the company’s stock valued at $186,000 after buying an additional 21 shares in the last quarter. Finally, Great Lakes Advisors LLC acquired a new position in SBA Communications Corporation during the third quarter valued at $201,000. 95.23% of the stock is owned by institutional investors and hedge funds.

SBA Communications Corporation (NASDAQ:SBAC) traded up 1.98% during trading on Wednesday, hitting $106.86. The stock had a trading volume of 1,117,711 shares. SBA Communications Corporation has a 1-year low of $82.80 and a 1-year high of $118.57. The firm has a market capitalization of $13.26 billion, a PE ratio of 132.42 and a beta of 0.72. The firm has a 50 day moving average price of $104.71 and a 200-day moving average price of $108.05.

A number of analysts have recently commented on SBAC shares. Zacks Investment Research lowered SBA Communications Corporation from a “hold” rating to a “strong sell” rating in a report on Thursday, January 5th. Guggenheim started coverage on SBA Communications Corporation in a report on Thursday, December 15th. They issued a “neutral” rating on the stock. Citigroup Inc. lowered SBA Communications Corporation from a “buy” rating to a “neutral” rating in a report on Wednesday, January 25th. BTIG Research restated a “buy” rating and issued a $145.00 price target on shares of SBA Communications Corporation in a report on Wednesday, December 21st. Finally, Macquarie started coverage on SBA Communications Corporation in a report on Tuesday, December 6th. They issued a “neutral” rating and a $107.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $122.77.

SBA Communications Corporation Company Profile

SBA Communications Corporation is an independent owner and operator of wireless communications tower structures, rooftops and other structures that support antennas used for wireless communications. The Company’s operating segments include site leasing and site development. The site leasing business includes segments, domestic site leasing and international site leasing.

Want to see what other hedge funds are holding SBAC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SBA Communications Corporation (NASDAQ:SBAC).

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