SBA Communications (SBAC)

SBA Telecommunications, LLC • SBA Senior Finance, LLC • SBA Guarantor, LLC • SBA Monarch Towers I, LLC • SBA Infrastructure, LLC • SBA Properties, LLC • SBA Structures, LLC • SBA Sites, LLC • SBA 2012 TC Assets, LLC • SBA Towers IV, LLC ...

IRS number

650716501

SBAC stock data

1M 3M 6M 1Y

Analyst ratings and price targets

Last 3 months

Average target

$262.20

Low target

$230.00

High target

$300.00

Latest filings (excl ownership)

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1 Nov 24

Updates Full Year 2024 Outlook; and Declares Quarterly Cash Dividend

28 Oct 24

8-K

Entry into a Material Definitive Agreement

11 Oct 24

8-K

Entry into a Material Definitive Agreement

2 Oct 24

8-K

Entry into a Material Definitive Agreement

11 Sep 24

8-K

Updates Full Year 2024 Outlook; and Declares Quarterly Cash Dividend

29 Jul 24

8-K

Departure of Directors or Certain Officers

10 Jul 24

8-K

Submission of Matters to a Vote of Security Holders

6 May 24

Updates Full Year 2024 Outlook; and Declares Quarterly Cash Dividend

29 Apr 24

Transcripts

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SBAC

Earnings call transcript

2024 Q3

28 Oct 24

SBAC

Earnings call transcript

2024 Q2

29 Jul 24

SBAC

Earnings call transcript

2024 Q1

29 Apr 24

SBAC

Earnings call transcript

2023 Q4

26 Feb 24

SBAC

Earnings call transcript

2023 Q3

2 Nov 23

SBAC

Earnings call transcript

2023 Q2

31 Jul 23

SBAC

Earnings call transcript

2023 Q2

31 Jul 23

SBAC

Earnings call transcript

2023 Q1

2 May 23

SBAC

Earnings call transcript

2022 Q4

21 Feb 23

SBAC

Earnings call transcript

2022 Q3

1 Nov 22

Latest ownership filings

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Notice of proposed sale of securities

21 Aug 24

144

Notice of proposed sale of securities

Financial summary

Financial statements Chart SBAC financial data

Quarter (USD)	Sep 24	Mar 24	Dec 23	Sep 23
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 23	Dec 22	Dec 21	Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	251.49 mm	251.49 mm	251.49 mm	251.49 mm	251.49 mm	251.49 mm
Cash burn (monthly)	4.28 mm	334.75 k	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	11.98 mm	936.85 k	n/a	n/a	n/a	n/a
Cash remaining	239.51 mm	250.56 mm	n/a	n/a	n/a	n/a
Runway (months of cash)	56.0	748.5	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q2 2024

SBAC institutional ownership history Ownership history

93.7% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	632	591	+6.9%
Opened positions	114	63	+81.0%
Closed positions	73	153	-52.3%
Increased positions	226	218	+3.7%
Reduced positions	235	229	+2.6%

13F shares	Current	Prev Q	Change
Total value	18.61 tn	17.90 tn	+4.0%
Total shares	101.08 mm	90.12 mm	+12.2%
Total puts	131.00 k	102.70 k	+27.6%
Total calls	229.10 k	299.80 k	-23.6%
Total put/call ratio	0.6	0.3	+66.9%

Largest owners	Shares	Value	Change
Vanguard	17.46 mm	$3.43 tn	+0.5%
BLK BlackRock	9.26 mm	$1.82 tn	+0.4%
STT State Street	4.56 mm	$895.51 bn	-3.7%
PFG Principal Financial	4.20 mm	$825.26 bn	-2.2%
JPM JPMorgan Chase & Co.	3.64 mm	$714.29 bn	+17.9%
Geode Capital Management	2.81 mm	$550.15 bn	+1.5%
Deutsche Bank AG - Registered Shares	2.28 mm	$448.55 bn	-3.8%
Diamond Hill Capital Management	1.97 mm	$387.47 bn	+13.4%
Massachusetts Financial Services	1.82 mm	$358.19 bn	-7.8%
MS Morgan Stanley	1.65 mm	$324.11 bn	-4.0%

Largest transactions	Shares	Bought/sold	Change
Norges Bank	1.34 mm	+1.34 mm	NEW
Millennium Management	1.27 mm	+1.27 mm	NEW
Charles Schwab Investment Management	1.21 mm	+1.21 mm	NEW
Man Group Limited	1.19 mm	+1.19 mm	NEW
T. Rowe Price Investment Management	60.79 k	-1.12 mm	-94.8%
Brown Advisory	416.87 k	-1.08 mm	-72.2%
BAC Bank of America	1.00 mm	+1.00 mm	NEW
D. E. Shaw & Co.	792.15 k	+792.15 k	NEW
Earnest Partners	710.20 k	+710.20 k	NEW
Barrow Hanley Mewhinney & Strauss	686.39 k	+686.39 k	NEW

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

SBAC insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
9 Dec 24	Mark R Ciarfella	Class A Common Stock	Sell	Dispose S	No	No	224.3258	3,545	795.23 k	33,588.382
9 Dec 24	Mark R Ciarfella	Class A Common Stock	Option exercise	Acquire M	No	No	182.3	3,545	646.25 k	37,133.382
9 Dec 24	Mark R Ciarfella	Stock Options Class A Common Stock	Option exercise	Dispose M	No	No	182.3	3,545	646.25 k	0
3 Dec 24	Jeffrey Stoops	Class A Common Stock	Gift	Dispose G	No	No	0	16,000	0.00	93,582.972
17 Oct 24	Marc Montagner	Class A Common Stock	Payment of exercise	Dispose F	No	No	248.75	624.877	155.44 k	1,064.865
17 Oct 24	Marc Montagner	Class A Common Stock	Option exercise	Acquire M	No	No	0	1,588	0.00	1,689.742
17 Oct 24	Marc Montagner	RSU Class A Common Stock	Option exercise	Dispose M	No	No	0	1,588	0.00	3,176
13 Sep 24	Donald Day	Class A Common Stock	Sell	Dispose S	No	No	242.86	1,500	364.29 k	4,998.04
13 Sep 24	Donald Day	Class A Common Stock	Option exercise	Acquire M	No	No	156.5	1,500	234.75 k	6,498.04
13 Sep 24	Donald Day	Stock Options Class A Common Stock	Option exercise	Dispose M	No	No	156.5	1,500	234.75 k	2,321