4,763 Shares in SBA Communications Corporation $SBAC Acquired by Rockbridge Asset Management LLC

Posted by Geri Gentry on Aug 20th, 2026

Rockbridge Asset Management LLC bought a new stake in SBA Communications Corporation (NASDAQ:SBAC – Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 4,763 shares of the technology company’s stock, valued at approximately $840,000. SBA Communications accounts for about 0.5% of Rockbridge Asset Management LLC’s investment portfolio, making the stock its 17th biggest holding.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. M&T Bank Corp grew its holdings in shares of SBA Communications by 8,722.0% during the 4th quarter. M&T Bank Corp now owns 263,601 shares of the technology company’s stock worth $50,988,000 after purchasing an additional 260,613 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in SBA Communications by 5.7% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 267,659 shares of the technology company’s stock valued at $46,067,000 after buying an additional 14,317 shares during the period. Morningstar Investment Management LLC acquired a new position in SBA Communications during the fourth quarter valued at approximately $1,807,000. Skylands Capital LLC lifted its position in SBA Communications by 15.0% during the fourth quarter. Skylands Capital LLC now owns 96,715 shares of the technology company’s stock valued at $18,708,000 after buying an additional 12,585 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in SBA Communications by 6.3% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 226,271 shares of the technology company’s stock worth $43,553,000 after buying an additional 13,383 shares during the period. Institutional investors and hedge funds own 97.35% of the company’s stock.

Insider Transactions at SBA Communications

In other SBA Communications 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 transaction, the director owned 8,512 shares in the company, valued at $1,554,887.04. The trade was a 3.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 9.50% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Wells Fargo & Company raised shares of SBA Communications from an “equal weight” rating to an “overweight” rating and dropped their price objective for the stock from $220.00 to $210.00 in a research report on Friday, July 17th. Barclays lifted their target price on shares of SBA Communications from $244.00 to $245.00 and gave the company an “overweight” rating in a report on Tuesday, May 5th. Morgan Stanley lowered their price target on SBA Communications from $225.00 to $215.00 and set an “equal weight” rating for the company in a report on Tuesday, August 4th. JPMorgan Chase & Co. lowered their price target on SBA Communications from $230.00 to $220.00 and set a “neutral” rating for the company in a report on Tuesday, August 4th. Finally, TD Cowen reissued a “buy” rating on shares of SBA Communications in a research report on Tuesday, August 4th. Eight analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $228.12.

Check Out Our Latest Report on SBA Communications

SBA Communications Stock Up 0.6%

NASDAQ SBAC opened at $182.43 on Thursday. SBA Communications Corporation has a fifty-two week low of $162.41 and a fifty-two week high of $225.33. The business has a 50 day moving average price of $184.14 and a two-hundred day moving average price of $194.21. The stock has a market cap of $19.35 billion, a PE ratio of 19.66, a P/E/G ratio of 1.81 and a beta of 0.99.

SBA Communications (NASDAQ:SBAC – Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The technology company reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.85 by $0.02. The company had revenue of $715.27 million for the quarter, compared to analyst estimates of $706.01 million. SBA Communications had a net margin of 34.51% and a negative return on equity of 20.67%. The business’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the firm posted $3.17 earnings per share. Sell-side analysts anticipate that SBA Communications Corporation will post 11.41 EPS for the current fiscal year.

SBA Communications Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Thursday, August 20th will be paid a dividend of $1.25 per share. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $5.00 annualized dividend and a yield of 2.7%. SBA Communications’s payout ratio is 53.88%.

SBA Communications Profile

(Free Report)

SBA Communications Corporation (NASDAQ: SBAC) is a real estate investment trust that owns, operates and develops wireless communications infrastructure. Its core business is the leasing of space on communications towers, rooftop sites and other wireless structures to mobile network operators, broadband providers and other wireless service customers. The company also provides site development, construction and ongoing site management services to support the deployment and operation of wireless networks.

In addition to traditional macro towers, SBA offers a range of infrastructure solutions designed for dense urban and suburban markets, including small cells, distributed antenna systems (DAS) and fiber backhaul and transport services.